ArcaMax

Ten years ago, after making piles of money gambling with other people's money, Wall Street nearly imploded, and the outgoing George W. Bush and incoming Obama administrations bailed out the bankers.

America should have learned three big lessons from the crisis. We didn't, to our continuing peril.

First unlearned lesson: Banking is a risky ...Read more

Yale Law School, from which Supreme Court nominee Brett Kavanaugh got his law degree, issued a statement about him with glowing quotes from professors attesting to his impeccable legal credentials.

Perhaps the Yale Law faculty deemed his credentials impeccable because he graduated from Yale Law ...Read more

Sept. 15 will mark the 10th anniversary of the collapse of politics/fromtheleft/robertbreich/s-2120662">Read more

Sept. 15 will mark the 10th anniversary of the collapse of Lehman Brothers and near meltdown of Wall Street, followed by the Great Recession.

Since hitting bottom in 2009, the economy has grown steadily, the stock market has soared, and corporate profits have ballooned.

But most Americans are still living in the shadow of the ...Read more

The only way I can see the end of the Donald Trump presidency is if there's overwhelming evidence he rigged the 2016 election -- in which case impeachment isn't an adequate remedy. His presidency should be annulled.

Let me explain.

Many people are convinced we're already witnessing the beginning of the end of Trump. In their view, bombshell ...Read more

I've long admired Elon Musk as a technological visionary. But I worry about his sense of responsibility to the public.

Earlier this month, Musk announced on Twitter that he intended to turn Tesla, the electric-car maker he founded, into a private company. He said the funding was "secured" -- a ...Read more

I've long admired Elon Musk as a technological visionary. But I worry about his sense of responsibility to the public.

Earlier this month, Musk announced on Twitter that he intended to turn Telsa, the electric-car maker he founded, into a private company. He said the funding was "secured" -- a claim that sent Telsa stock skyrocketing -- yet he ...Read more

When Donald Trump isn't blaming foreigners for everything that ails America, he's blaming regulations.

Last week he even blamed regulations for the wildfires now ravaging California. They're "made so much worse," he tweeted, "by the bad environmental laws which aren't allowing massive amounts of readily available water to be properly utilized."...Read more

What's the most worrisome foreign intrusion into the United States -- unauthorized immigrants, Chinese imports or interference in our democracy?

For Trump, it's immigrants and imports. He doesn't care much about the third.

"Border security is national security," Trump said last week, as he threatened a government shutdown if Congress didn't ...Read more

What's the most worrisome foreign intrusion into the United States c unauthorized immigrants, Chinese imports or interference in our democracy?

For Trump, it's immigrants and imports. He doesn't care much about the third.

"Border security is national security," Trump said last week, as he threatened a government shutdown if Congress didn't ...Read more

There are two kinds of Donald Trump lies. One is about facts. The other is about those who call him out on his fabrications.

An example of the first occurred on Sunday, when Trump issued a tweetstorm of lies:

"The Robert Mueller Rigged Witch Hunt, headed now by 17 (increased from 13, including an Obama White House lawyer) Angry Democrats, was ...Read more

To: Sens. Jeff Flake, John McCain, Bob Corker and Susan Collins

From: Robert Reich

Senators, I write you not as a Democrat reaching out to Republicans, or as a former Cabinet member making a request of sitting senators.

I write you as a patriotic American concerned about the peril now facing our democracy, asking you to exercise your power to...Read more

As the political season heats up, Donald Trump is ramping up his lies through three amplifiers: his rallies, Fox News and his Twitter account.

The three function as a big propaganda machine.

According to the Fact Checker's database, the average daily rate of Trump's false or misleading claims is climbing.

The problem isn't just the number or ...Read more

Donald Trump promised to be America's dealmaker in chief.

"We need a leader that wrote 'The Art of the Deal,'" he said in the speech announcing his candidacy. "I'm a negotiator. I've done very well over the years through negotiation," he said during a Republican debate. "That's what I do, is deals," he said in May. "I know deals, I think, ...Read more

My friends, this is a dark hour. Intolerance, cruelty, racism, misogyny, xenophobia and environmental destruction have been let loose across the land.

Donald Trump controls the Republican Party, the Republican Party controls the House and Senate, ...Read more

On this coming Fourth of July, it's worth pondering the true meaning of American patriotism -- as opposed to the malignant, distorted view of it propounded by Donald J. Trump.

For Trump, the central challenge of American patriotism is to secure our borders. "A nation without borders is not a nation at all," he says.

But ...Read more