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Why the American economy isn’t working
for most Americans | Opinion

Original Article

Posted By: crashnburn, 9/20/2024 6:07:08 PM

Iam not crying for Carl Icahn, who has lost about $17 billion over the last few weeks as investors have fled Icahn Enterprises stock. I’m talking about it today because the saga offers an important lesson about why the American economy hasn’t been working for most Americans in this era of shareholder capitalism. Icahn was one of the first of the breed of corporate raiders — now more politely deemed “private equity” managers and “activist investors” — who take over or push corporations to make more money.

Comments:

Robert Reich is blaming Carl Icahn and PDJT for out current economic situation. PDJT hasn't been in office for more than 3.5 years and we were all better off when Biden was selected than we are now.

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Reply 1 - Posted by: texaspast 9/20/2024 6:11:00 PM (No. 1799409)
Good ol' Robert Reichhhhhhhhhuh. If the facts aren't what you like, make up your own!
22 people like this.

Reply 2 - Posted by: Subsuburban 9/20/2024 6:15:16 PM (No. 1799413)
To paraphrase a renowned Chinese dissident, "Robert Reich is assho."
14 people like this.

Reply 3 - Posted by: Quigley 9/20/2024 6:18:35 PM (No. 1799414)
Reich is The Poison Dwarf. He is FoS. And a PoS. When will he quit harming Americans?
15 people like this.

Reply 4 - Posted by: Axeman 9/20/2024 6:32:55 PM (No. 1799419)
I almost clicked on the link! I thought how insanely Communist does this get? Just in time I saw the authors name. That was close. My sympathies to anyone who did read it.
14 people like this.

Reply 5 - Posted by: LC Chihuahua 9/20/2024 6:36:10 PM (No. 1799420)
Why isn't the US economy working? Federal debt at 35 trillion. Total US debt at 102 trillion. Start there. Money spent with nothing to show is money wasted.
20 people like this.

Reply 6 - Posted by: stablemoney 9/20/2024 6:37:51 PM (No. 1799421)
Robert Reich emerges from his basement with his ideas on how to convert the US to a communist economy.
15 people like this.

Reply 7 - Posted by: philsner 9/20/2024 6:40:57 PM (No. 1799424)
Captain Obvious can't stop laughing.
10 people like this.

Reply 8 - Posted by: PostAway 9/20/2024 8:36:27 PM (No. 1799486)
Reich is a man who compensates for his small stature by acting like an insufferable snob. Superciliousness and arrogance just drip from him. I read an article he wrote many years ago in which he reminisced about his days as a Rhodes Scholar at Oxford along with Gene Sperling and Bill Clinton. He described other Scholars like himself who went to Ivy League or other elite private universities as being “cool” and stylish while those who went to state schools or service academies were not but were envious of Reich and his snotty crowd. As if they would rather be dwarves or perverts who went to Dartmouth or Georgetown than solid people from Ohio State or West Point. It just turned me off.
8 people like this.

Reply 9 - Posted by: DVC 9/20/2024 9:04:46 PM (No. 1799494)
Reisch is a rotten liar. Truth is found exactly 180 degrees opposite of what he says.
9 people like this.

Reply 10 - Posted by: mifla 9/21/2024 4:51:09 AM (No. 1799579)
Biden reduced the world's energy supply without reducing demand, so the price of energy went up. When the price of energy goes up, the price of everything that uses energy goes up. Throw in unbridled spending and you have a financial disaster on your hands.
6 people like this.

Reply 11 - Posted by: Philipsonh 9/21/2024 9:30:01 AM (No. 1799692)
Reich used to be a guest on Kudlow's TV show wherein Kudlow literally destroyed Reich's economic positions.
2 people like this.

Reply 12 - Posted by: FormerDem 9/21/2024 9:54:38 AM (No. 1799707)
it all predated Icahn though... I grew up in DC in the 1960s and our bus company was terrible. I was told the reason was that DC Transit had been saving up money for new buses, and O Roy Chalk bought DC Transit and pocketed all that cash. He had houses everywhere, we just had one of th worst bus systems.
0 people like this.

Reply 13 - Posted by: preciosodrogas 9/21/2024 10:15:03 AM (No. 1799714)
This guy seems to like listening to himself. Those degrees obtained at those pinnacle daycare centers for the rich and pampered are like alcohol. They have their ego walls in their offices, saying look at me, and genuflecting on it, drink deep, imagining they are on high giving the unwashed masses Truth. Take another swig Reich, it'll calm your nerves.
1 person likes this.

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