Friends, As Congress prepares for summer recess, average working Americans are facing increasingly hard economic times — including a likely recession (see here ). Yet Congress has so far failed to provide most Americans with what they need to weather the storm — subsidies for childcare and eldercare, paid sick leave, an increase in the federal minimum wage, lower pharmaceutical costs, additional help with the next strain of COVID, and so on. At the very same time, American corporations are linin...
Jun 21, 2022
We fool ourselves if we believe that the televised hearings of the January 6 committee are changing the direction of the Republican Party, or that the hearings will end the attempted coup that Trump launched immediately after the 2020 election. The G.O.P. is becoming ever more divorced from reality. Trump’s attempted coup continues unabated. The first three hearings of the House January 6 committee demolished the myths of voter fraud repeated incessantly by Trump and his supporters and amplified...
Jun 20, 2022•9 min
My informal weekly coffee with Heather Lofthouse (Executive Director of Inequality Media Civic Action, and my former student), discussing the past week. Today we cover the third hearing of the January 6 select committee, why the committee isn’t turning over its transcripts to the Justice Department, what’s the connection between Ginni Thomas (wife of Justice Clarence Thomas) and John Eastman, the Fed’s dangerous decision to raise interests rates by another 0.75 percent, and celebrating the summe...
Jun 18, 2022•15 min
Today marks the end of the school year for many public schools. Every year about this time I think of Alice Camp. I arrived in her third-grade classroom in Lewisboro Elementary School, in South Salem, New York, as an extremely short, shy, insecure 8-year-old who was often bullied and mocked on the bus and made to feel like a loser on the playground, and had no particular interest in school. But she saw in me something I didn’t see. She fed me books, projects, ideas. She challenged me and praised...
Jun 17, 2022•4 min
The House select committee investigating the Jan. 6 attack on the U.S. Capitol held its third public hearing today — focused on Trump's efforts to pressure Vice President Pence to refuse to count lawful electoral votes on January 6: the gonzo plan that lawyer John Eastman came up with. But where did John Eastman come from? And how did he ever reach Trump in the first place? The committee didn’t touch on this today. (When Eastman appeared before the committee he invoked his Fifth Amendment right ...
Jun 16, 2022•5 min
Last Sunday night, as cryptocurrency prices plummeted, Celsius Network — an experimental cryptocurrency bank with more than one million customers that has emerged as a leader in the murky world of decentralized finance, or DeFi — announced it was freezing withdrawals “due to extreme market conditions.” Earlier this week, Bitcoin dropped 15 percent over 24 hours to its lowest value since December 2020, and Ether, the second-most valuable cryptocurrency, fell about 16 percent. Last month, TerraUSD...
Jun 16, 2022•9 min
Friends, Bennie Thompson, chair of the January 6th Committee, has told reporters that the committee has no plans to make a criminal referral to the Justice Department. This strikes me as absurd. The major purpose of the committee’s carefully constructed prosecutorial brief is to clear the runway for indictments. The pushback on Thompson’s statement was instant, beginning with vice chair Liz Cheney, who put out a statement flatly contradicting Thompson: “The January 6th Select Committee has not i...
Jun 15, 2022•2 min
Last Friday, the Bureau of Labor Statistics released its May Consumer Price Index (CPI) report, which showed inflation worsening. Yet the bigger story — and bigger worry — is not inflation. It’s the distinct possibility of recession. Or perhaps both (what’s termed “stagflation.”) Here are the questions I’m getting asked most often, and my answers. 1. Are we heading for a recession? Many signs point in that direction. New home construction slowed in April. Mortgage demand continues to decline. So...
Jun 14, 2022•8 min
Friends, I trust Joe Biden’s steadiness and judgment, and if he runs again, I’ll probably back him in 2024. But today I want to suggest someone who isn’t even a Democrat, and whose positions on many issues I (and I suspect you) strongly disagree with — but who could possibly be the best president of the United States for the perilous time we’re entering. I’m referring to Liz Cheney. Before you reject this idea out of hand, please bear with me. Even if you still end up thinking it’s a ludicrous n...
Jun 13, 2022•10 min
My informal weekly coffee with Heather Lofthouse (Executive Director of Inequality Media Civic Action, and my former student), discussing the past week. Today we cover how to measure the success of the hearings of the House January 6 committee, which began Thursday night; inflation (the Consumer Price Index came out yesterday, showing that inflation continues to increase) and its impact on the midterm elections and on the rest of the economy; and — in the midst of all this — Salsa dancing and sp...
Jun 11, 2022
What’s the use of the hearings by the House committee to investigate the January 6 insurrection —hearings that began last night and will run for the next several weeks — unless they lead to criminal prosecution of Donald Trump for his patently criminal actions? In a word: History. We tend to underestimate the importance of an historic record. But it is vastly important. It charts the course of the future by illuminating the course of the past. It is literally the final word. I don’t know whether...
Jun 10, 2022•2 min
Tonight, we learned several things from the first hearing of the House Select Committee investigating the January 6 attack on the U.S. Capitol: 1. After the riot began on January 6, many White House officials, including members of Trump’s own family, urged him to call off the rioters. He did not. Presumably the committee will provide detailed evidence of this. 2. When told that the rioters wanted to lynch Vice President Pence for being unwilling to stop the certification by electors, Trump said ...
Jun 10, 2022•5 min
My friends, I’m going to press the pause button on today’s news — including the House January 6 hearings that start this evening — and try to answer a big question that hangs over American politics right now like a sword of Damocles: Does Joe Biden have a snowball’s chance of being re-elected in 2024? With his current approval rate in the cellar, most pundits assume no (at age 81, he’d also be the oldest person ever elected president, slightly exceeding the typical American’s lifespan). The conv...
Jun 09, 2022
Last Friday — after Elon Musk said he planned to cut thousands of jobs at Tesla and also expressed worry over the economy — Joe Biden dismissed him with a zinger: “Lots of luck on his trip to the moon.” There’s no love lost between them. The fiercely anti-union Musk has been livid ever since pro-union Biden pushed a provision in a bill that would benefit electric-car makers that are unionized at the expense of those that are not (namely Tesla). In recent weeks Musk has said he has become a Repub...
Jun 07, 2022•6 min
The televised hearings of the House Select Committee on the January 6 insurrection, which begin Thursday, mark an historic milestone in the battle between democracy and autocracy. The events that culminated in the attack on the Capitol constitute the first attempted presidential coup in our nation’s 233-year history. The Select Committee’s inquiry is the most important congressional investigation of presidential wrongdoing since the Senate investigation of the Watergate scandals in the 1970s. To...
Jun 06, 2022•10 min
My informal weekly coffee with Heather Lofthouse (the executive director of Inequality Media Civic Action, and my former student), discussing the past week. In this morning’s klatch we discuss whether Congress will do anything to restrict gun purchases (Biden’s passionate plea notwithstanding), how long America will be willing to supply weapons to Ukraine, the likely outcome from next week’s hearings by the House’s special committee investigating the January 6 insurrection, the winner of the nat...
Jun 04, 2022•14 min
I was an intern in Bobby Kennedy’s Senate office during the summer of 1967. The civil rights movement was still gaining ground, and Kennedy was crusading for economic and political justice. My job that summer had nothing to do civil rights or justice, though. And it required only half a brain. I was in charge of Kennedy’s signature machine. The machine’s pen mechanically scrawled “Robert F. Kennedy” on thousands of photographs and constituent letters each day. I had to make sure the photos and l...
Jun 03, 2022•3 min
After a mass shooting in Parkland, Florida in February 2018, that left 17 people dead, JPMorgan Chase — America’s largest bank — publicly distanced itself from the firearm industry. Its chief financial officer reassured the media that the bank’s relationships with gunmakers “ have come down significantly and are pretty limited. ” That was then. This past September, a new Texas law went into effect that bans state agencies from working with any firm that “discriminates” against companies or indiv...
Jun 02, 2022•5 min
We have been through at least two years of social trauma (if you include all the Trump years, almost six). They include a pandemic that has taken the lives of over a million Americans. Wildfires, floods, and other climate disasters. Police brutality. Trump’s attempted coup and continued attacks on our democracy. Putin’s invasion of Ukraine. The Supreme Court’s pending reversal of reproductive rights. A mass killing of Black people in Buffalo followed by a mass killing of children in Texas. Other...
May 31, 2022•5 min
Hello, friends. I hope you’re having a restful and safe Memorial Day. Today, I want to ask: Can anything positive come from last week’s tragedy? Or the mass shooting ten days before, in Buffalo? Can anything positive come from the Supreme Court’s imminent decision to reverse Roe v. Wade ? Making your own decision about whether to have a child, and keeping any child you do have out of harm’s way, are surely two of the most basic of all human needs. Yet both are fiercely resisted — the first by ev...
May 30, 2022
My informal weekly coffee with Heather Lofthouse (the executive director of Inequality Media Civic Action, and my former student), discussing this past —especially tough — week. As usual, pull up a chair and bring your morning cup. Today’s conversation touches on talking to young children about mass shootings, what we can learn from the 1994 Assault Weapons Ban, Trump losing credibility in the primaries, how we confront fatalism, if we should worry about Biden’s ratings, and the fact that many p...
May 28, 2022•13 min
I think about those 19 children who were murdered in their classroom on Tuesday, and feel the need to go back to basics — to the common good. Given the the difficulty of enacting sensible laws to reduce gun violence — which reflects in part the deepening split between Americans who believe in democracy and those who are throwing in their lot with Trump authoritarians — the question I keep coming back to is: what can we can do to rekindle a sense of common good? One of the most important initiati...
May 26, 2022•13 min
Yesterday, the Game Workers Alliance (a union of quality assurance workers at Activism subsidiary studio Raven Software) won their vote to form a union. This may not seem like such a big deal, but it is. The games industry is large and growing. Quality assurance testers do the grunt work of rooting out bugs and potential problems in the weeks and months before games are released publicly. These jobs are typically among the lowest in the game industry, with demanding workloads finding and catalog...
May 24, 2022•11 min
The richest person in America tweeted last week that Democrats have “become the party of division & hate, so I can no longer support them and will vote Republican.” Hello? Democrats are the party of division and hate? What planet has Elon been living on? Meanwhile, the second-richest person in America (Jeff Bezos) tweeted that the Democrats’ proposed tax hikes on the rich will not tame inflation and their proposed spending would worsen it (he’s wrong, and I’ll explain why in another post). I...
May 23, 2022•7 min
My informal weekly coffee with Heather Lofthouse (my former student and executive director of Inequality Media Civic Action), exploring the lows and few highs of the week. As usual, pull up a chair and bring your morning cup. Today our conversation touches on the Conservative Political Action Conference (CPAC) being held in Budapest, why Elon Musk and Jeff Bezos have it out for President Biden and the Dems, what Doug Mastriano’s Pennsylvania primary win could mean for the 2024 election, what’s h...
May 21, 2022•18 min
Decades ago, America’s wealthy backed a Republican establishment that believed in fiscal conservatism, anti-communism, and constitutional democracy. But today’s billionaire class is pushing a radically anti-democratic agenda for America — backing Trump’s lie that the 2020 election was stolen, calling for restrictions on voting, and even questioning the value of democracy. Peter Thiel, the billionaire tech financier who is among those leading the charge, writes “I no longer believe that freedom a...
May 19, 2022•6 min
Hello friends, In 2017, Donald Trump repeatedly lied that between 3 and 5 million unauthorized immigrants had voted for Hillary Clinton. In the last few weeks, Trump has resurrected his lie during campaign rallies for the Republican primary candidates he has endorsed — whipping up fears of “ open borders and horrible elections, ” and calling for stricter voter ID laws and proof of citizenship at the ballot box. Trump endorsees have been amplifying the lie. J.D. Vance, the Trump-backed winner of ...
May 17, 2022•6 min
In a comment on this past Saturday’s post, Paula OH said: “It’s a very tough time. We need a hope machine! Anyone know how to build one?” My answer to Paula is a resounding: “yes!” And in a moment I’ll give Paula and you some hammers, nails, and solar panels to build one. First, though, I want to validate your discouragement. We expected COVID to be gone by now. We thought the minimum wage would be raised by now, that bold measures to slow climate change would be enacted by now, that pharmaceuti...
May 16, 2022•9 min
My informal weekly coffee with Heather Lofthouse (my former student and executive director of Inequality Media Civic Action), exploring the lows and few highs of the week. As usual, pull up a chair and bring your morning cup. If you somebody who might enjoy a conversation over coffee, please share. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe...
May 14, 2022•13 min
Hello again, friends. After pro-choice protesters showed up outside the homes of Justice Samuel Alito and two other justices — peacefully chanting while walking in the street that lacked sidewalks — the editorial board of the Washington Post described such protests as “problematic” because they “bring direct public pressure to bear on a decision-making process that must be controlled, evidence-based and rational if there is to be any hope of an independent judiciary.” I’m sympathetic to this vie...
May 12, 2022•6 min
