Robert Reich: Obama’s Jobs Bill Could Have Aimed Higher

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Former US Labor Secretary Robert Reich

Click picture to watch interview with Robert Reich

Click picture to watch interview with Robert Reich

Former Labor Secretary and progressive economist Robert Reich says that he applauds President Obama’s speech on Thursday but thought that the President should have been more ambitious with his jobs bill.

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.

Jacob Wheeler

In addition to shooting videos for The UpTake, Jacob Wheeler is a contributing editor at the progressive political magazine In These Times, publishes the Glen Arbor Sun in his native Michigan, and authored "Between Light and Shadow," a recent book about the Guatemalan adoption industry. Wheeler's stories have appeared in such magazines as the Utne Reader, Earth Island Journal, Rotarian and Teaching Tolerance magazine, and newspapers including the San Francisco Chronicle and Christian Science Monitor. He speaks fluent Spanish, German and Danish.

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