Quote

Most Americans stopped looking at what was happening through a variety of coping mechanisms - starting with women entering paid work and then everyone working longer hours and using their homes for raising equity and generating more money through debt. The typical household basically staved off the day of reckoning.

Robert Reich

Change background

T
T
T

Change font

TAGS & TOPICS

Robert Reich
Age: 78
Born: 1946
Born: June 24
Economist
Former United States Secretary Of Labor
Political Scientist
Politician
University Teacher
Scranton
Pennsylvania
Robert Bernard Reich
Working
Debt
Raising
Hours
Happening
Typical
Generating
Everyone
Using
Household
Mechanisms
Money
Starting
Mechanism
Reckoning
Women
Paid
Stopped
Coping
Home
Americans
Variety
Equity
Work
Longer
Basically
Homes
Looking
Happenings
Entering

More quotes by Robert Reich

Image
The federal budget deficit isn't the nation's major economic problem and deficit reduction shouldn't be our major goal. Our problem is lack of good jobs and sufficient growth, and our goal must be to revive both.
Robert Reich
Image
Disney is no longer just Mickey Mouse Disney is family entertainment. And we're seeing more and more brands change into something that is far greater and broader than individual products and services.
Robert Reich
Image
Radical conservatives want to police bedrooms.
Robert Reich
Image
Standing up to bullies is the hallmark of a civilized society.
Robert Reich
Image
The problem right now is jobs. The problem right now is the economy and economic growth.
Robert Reich
Image
There is a crisis of public morality. Instead of policing bedrooms, we ought to be doing a better job policing boardrooms.
Robert Reich
Image
A funny thing happened to the First Amendment on its way to the public forum. According to the Supreme Court, money is now speech and corporations are now people. But when real people without money assemble to express their dissatisfaction with the political consequences of this, they’re treated as public nuisances and evicted.
Robert Reich
Image
Well-trained and dedicated employees are the only sustainable source of competitive strength.
Robert Reich
Image
We're now moving toward a radically different economy. You absolutely can't have a distribution oligopoly. The new oligopolies - and I think there will be new oligopolies - will be oligopolies of trustworthiness. Microsoft, Amazon, Schwab, and other brands will dominate psychic space, not shelf space.
Robert Reich
Image
One logical consequence of this New Economy composed of big brands and entrepreneurial groups is that the unit of production is no longer a particular, identical product. The unit of production is the creative individual.
Robert Reich
Image
Terrorism itself is not the greatest danger we face.
Robert Reich
Image
The poverty line understates the true amount of poverty because it measures it as three times the breadbasket that a family needs, but it doesn't consider all the other things that are inflating far, far faster than food prices.
Robert Reich
Image
I think that in politics, when people want to discredit a particular position, they say, Oh, they are liberals, or They are conservatives we are centrists. Everybody wants to be a centrist.
Robert Reich
Image
There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.
Robert Reich
Image
The rich would do better with a smaller share of a rapidly growing economy then they're doing now with a large share of an economy that is barely growing at all.
Robert Reich
Image
Yale Law School was the kind of place you went if you felt you needed to go to law school, maybe, for your resume, but you really didn't want to practice law. You wanted to do public policy, or maybe go into politics.
Robert Reich
Image
If leadership is about anything, it's about leading. Not leading people back to where they already are, because they don't need that. They're already there.
Robert Reich
Image
We reform the system. We save capitalism from its own excesses.
Robert Reich
Image
Cutting taxes is not bad. But if you cut taxes on the wealthy, which is what they wanted to do, you're not helping people who need better schools and better infrastructure and healthcare. You're basically robbing the middle class and the poor to provide tax cuts to the rich.
Robert Reich
Image
We are now enjoying the liberation that comes with not having to be organization men and women, and that's fabulous. But there are new social consequences here of which we need to be aware, and the sale of the self and what that entails for the rest of our lives is quite sobering.
Robert Reich