Were House Republicans to adopt the proposed legislation, Reich predicted that it could lower the national unemployment rate from its current 9.1 percent to approximately 8.7 percent by the presidential election 14 months from now. But the former Labor Secretary under President Clinton seriously doubted whether the GOP will work with the White House at all.
Reich also commented on Wednesday’s Republican presidential candidate debates, calling Texas Governor Rick Perry’s claim that Social Security is a “Ponzi scheme” absolutely ludicrous.
The Fair Economy Summit where Robert Reich will speak on Saturday in Minneapolis is focused on how we can rebuild our economy so it benefits everyone. Right now, the gap between rich and poor is at an all-time high. Home ownership and the American dream it represents is slipping out of reach for more and more Americans.