tag:blogger.com,1999:blog-10032287.post9013315060969354057..comments2023-09-08T00:47:50.511-07:00Comments on Naked Reflections: Robert Reich's Economic SolutionStevehttp://www.blogger.com/profile/02549770321948541384noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-10032287.post-48233632827777233112008-11-13T13:17:00.000-08:002008-11-13T13:17:00.000-08:00Well, may be my words weren't well chosen, but the...Well, may be my words weren't well chosen, but there is the controversy surrounding Reich's 1997 book that he wrote following his time in the Clinton Administration, <I>Locked in the Cabinet</I>. Here a report in <I>Slate</I> after the book came out: "<A HREF="http://www.slate.com/id/2447/" REL="nofollow">Robert Reich, Quote Doctor</A>."<BR/><BR/>The American people are looking for comity from the new Obama Administration and, unfortunately, Republicans would be justified to resent Reich.Anonymoushttps://www.blogger.com/profile/13718601770472939313noreply@blogger.comtag:blogger.com,1999:blog-10032287.post-29267223367408046092008-11-13T12:12:00.000-08:002008-11-13T12:12:00.000-08:00Tom--I don't recall the "sour end" of Reich's job ...Tom--<BR/>I don't recall the "sour end" of Reich's job as Labor Secretary. Could you elaborate?Stevehttps://www.blogger.com/profile/02549770321948541384noreply@blogger.comtag:blogger.com,1999:blog-10032287.post-38502772206181582882008-11-13T09:08:00.000-08:002008-11-13T09:08:00.000-08:00All right! The good news, today, is that Treasury...All right! The good news, today, is that Treasury Secretary Paulsen seems to have halfway come around to Reich's way of thinking: <B>Demand</B> needs to be stimulated; not the credit market greased.<BR/><BR/>But Reich is still most right here. He would 'get value' for the cash the Feds put into the economy. Hooray, this. If the US gov't doesn't 'get value' out of what it spends, then it is an inflationary activity (in the longrun). [Cutting taxes would be inflationary, for example.] While infastructure takes a lot of time to get underway, our mini-depression is likely to last for a while anyway. And, we desperately need the infastructure improvements.<BR/><BR/>Reich is an advisor to Obama. It would be great if Obama gave Reich a cabinet positon -- but that's unlikely, I suppose, because of Reich's left-leaning reputation and the rather sour end to his role as Clinton's Labor Secretary.Anonymoushttps://www.blogger.com/profile/13718601770472939313noreply@blogger.com