Robert Reich's Full Testimony Regarding Corporate Profits and Inflation to Senate Budget Committee

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Robert Reich

Robert Reich

Күн бұрын

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@stevenmeyers1226
@stevenmeyers1226 2 жыл бұрын
I love how these people in our government PRETEND they do not know what is happening. The are part of the problem. They are shareholders. They don't care.
@uncannyvalley2350
@uncannyvalley2350 2 жыл бұрын
Neither do the people, hence how it got this bad. "The NWO will begin Sept 17th 2001 during the first New Moon of Rosh Hashanah, Feast of Trumpets, Resurrection of the Dead, the year 6000 of the Great Pyramid Calendar, in order to cleanse the Earth and Humanity in preparation for his Kingdom on Earth" British Israel Foundation memo 1922. Representative Democracy hasn't worked in over 50 years because politicians will always come from the monied classes and be beholden to their Corporate Donors, only way we avoid this apocalypse is to stage a Velvet Revolution to install a Scaled Direct Democracy. Citizen Initiated Referendums with thresholds and a Social Contract using Blockchain technology means communities can vote their own policies without parties or politicians. Banning Beef, Oil, and Fishing Subsidies would stall climate change and habitat degradation overnight. Thorium Energy renders their global oil monopoly obsolete. Police can be actively policed by an independent public authority with the power to prosecute bad actors in our own courts. Or we can bend over and accept our Orwellian future
@jimmytimmy3680
@jimmytimmy3680 2 жыл бұрын
Exactly, they own and trade stocks on the same corporations that have been doing so well lately. And that is not even mentioning how they are bought by these corporations. Lobbying, aka, legal corruption is such a disgrace and an enormous greed. It is so unethical.
@MsNickie1001
@MsNickie1001 2 жыл бұрын
Wall Street sucks.
@janicewuitschick4599
@janicewuitschick4599 2 жыл бұрын
Fuck-ain’t that the true..
@modemmark421
@modemmark421 2 жыл бұрын
I stand with Bernie Sanders because BERNIE SANDERS STANDS FOR US!
@maargenbx1454
@maargenbx1454 2 жыл бұрын
I very much appreciate that when Lindsey Graham ignores everything Prof. Reich says and only wants to discuss “securing our borders”, Reich brings the conversation back to economic forces affecting the American public. Thank you, Professor.
@spaceballs44
@spaceballs44 2 жыл бұрын
Lindsey failed on trying to steer the conversation in a completely different direction. He’s an idiot or just trying to avoid a topic he refuses to talk about.
@steves2241
@steves2241 Жыл бұрын
When you have no counter argument on the issue, you just say I disagree with that, and then you change the subject to securing the border, which has nothing to do with the issue at hand. While providing no evidence that what Professor Reich said is not true.
@rievans57
@rievans57 Жыл бұрын
Lindsey Graham is a snake.
@jacobhebert667
@jacobhebert667 Жыл бұрын
Almost missed that deflection, tha ks for pointing it out
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Reich wants workers who have risked none of there own money to sit on the board of directors end replacement workers meaning unions could shut down a business anytime they wanted to and if sales slowed down no layoffs would ever be allowed meaning corperations would be stuck with to maney workers putting a lot of them out of business and slowing production crushing our living standards Reich out in the open pushes communism where unions control businesses and the rich are no more this kind of system always fails Reich knows this why does he push for a communist economic system he knows won't work
@Spatial_Computer
@Spatial_Computer 2 жыл бұрын
Lindsey Graham, "I disagree" No counter argument, no evidence, Just an empty shell holding that place to make sure the companies keep the status quo.
@patshelby9285
@patshelby9285 2 жыл бұрын
Place holder: zero.
@eponack
@eponack 2 жыл бұрын
Pay no attention to the shill behind the curtain.
@DanK123
@DanK123 2 жыл бұрын
Exactly. He doesn't ACTUALLY disagree. He knows Sec. Reich is spot on, but he's owned by corporations so he must say it. Graham is a puppet loser.
@deannadelmar9863
@deannadelmar9863 Жыл бұрын
Amen. VOTE 🗳 BLUE. Vote to MAKE AMERICA A DEMOCRACY. VOTE ANTI-CORPORATIONS DARK MONIES. VOTE ANTI-GOP-trump-PACKED SUPREME COURT. VOTE ANTI-FASCISM.
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Vote blue pay half your income to the government to pay for the handouts democrats want the USA has a debt bigger than our entire economy meaning when our creditors cash there bonds in for cash they will be able to buy everything meaning no matter how much money you have it won't matter there won't be any thing to buy leaving our children with a bankrupt shell of a nation because of democrat handouts stop bankrupting our nation by voteing for handout democrats
@paulyandle6081
@paulyandle6081 2 жыл бұрын
This testimony perfectly reflects the how Government serves Business with policy and average Americans with lip service.
@jorgegonzalez-larramendi5491
@jorgegonzalez-larramendi5491 2 жыл бұрын
you mean repu-controlled govmint
@maargenbx1454
@maargenbx1454 2 жыл бұрын
So well said.
@fenix02008
@fenix02008 2 жыл бұрын
It’s very sad just how many folks believe the lip service. Maybe, having Susan Porter give examples on National TV, in that easy to understand way, could help us ALL stand together, for ourselves.
@maargenbx1454
@maargenbx1454 2 жыл бұрын
@@fenix02008 Do you mean Katie Porter?
@mtn1793
@mtn1793 2 жыл бұрын
@@maargenbx1454 Also there’s Michael Porter another economist who understands the partisan duopoly.
@db5823
@db5823 2 жыл бұрын
“You do not really understand something unless you can explain it to your grandmother.” - Albert Einstein Robert Reich can not only explain all of this to his grandmother, but also put it in plain enough terms to get through to stupid Americans who are blinded by political slogans and politicians who are paid to not understand the problem. Robert Reich is a very smart and has always been a voice for good and justice.
@MsNickie1001
@MsNickie1001 2 жыл бұрын
Everyone and their grandparents need to boycott Starbucks! That is how we revolt, with our money!
@johnassal5838
@johnassal5838 2 жыл бұрын
Not quite. If he'd made it that simple he'd be calling it Price Gouging through and through. Costs go up 10%, fine just for the moment let's pretend record profits wouldn't allow them to easily absorb that temporary spike as they'd need to do in a genuinely competitive environment. That still leaves the larger 20% increase which is pure monopolistic greed. Good luck getting any of that past the forehead of the typical MAGAesque Boomer granny of course but Einstein would write that one off too.
@ghostnoodle9721
@ghostnoodle9721 2 жыл бұрын
@@MsNickie1001 My guy, wut. I can't afford to live on my own with a successful business, WHAT MONEY
@johnassal5838
@johnassal5838 2 жыл бұрын
@@Zach-ju5vi real funny chatbot
@freewilly1193
@freewilly1193 2 жыл бұрын
​@@Zach-ju5vi lol chatbot uses chatbot reply
@clarabow7077
@clarabow7077 2 жыл бұрын
Watching Dr. Reich take Ms. Lindsay Graham to the tool shed was a beautiful thing 8:50 - and all Ms. Graham has to say is "I disagree" nothing to see here folks. No response to corporate profits being at a 70 year high. These members of congress are disgusting.
@MCJSA
@MCJSA 2 жыл бұрын
Lindsay mostly disagrees politely between mint juleps, adding his consternation to the quite optimism of Susan Colins and the rest of the Republican A-Team.
@darkranger116
@darkranger116 2 жыл бұрын
*how to tell everyone you sold out to oil companies, without saying it directly*
@mariondean8499
@mariondean8499 2 жыл бұрын
Lindsay is a lawyer. I personally have never met a lawyer who could budget or understand economics. They do know how to charge though.😂😂😂😂
@MCJSA
@MCJSA 2 жыл бұрын
@@mariondean8499 Yeah. They are challenging the professor or economics to explain economics. Not a good strategy, but asking questions is "hard" and Lindsay loves the spotlight. What's a body to do?
@djkyles
@djkyles 2 жыл бұрын
Thank you for your insightful and compelling testimony, Secretary Reich. I find it distressing that some Senators refuse to acknkwledge the wisdom of the path to resolution this continuing drain on our economy, choosing instead to further obfuscate complicated economic realities with more inane partisan hogwash. As a result, we all continue to be victims of unrestrained corporate self-interest.
@johnassal5838
@johnassal5838 2 жыл бұрын
Lindsey knows full well how Exxon, etc al keep his stock portfolio solvent through the pandemic. He's just counting on his constituents being angry, scared and ignorant enough to not notice him and his donors picking every last cent out of their pockets. RR is undeniably great but when Graham says "I don't agree" to plain facts of record is exactly when a Will Rodgers would say something like "if its raining cats and dogs it doesn't matter if you choose to agree with it, the American people are still going through one heck of a rainy day regardless. Maybe that should interest you." That would open some cracks in MAGA land. The DNC is horrible at messaging. It's true from the blue dog corporate stooges that intentionally obscure good ideas in what the majority of the public find impenetrable language to the progressives who forget they're not really talking for the beniffit of good faith actors but the blue collar public that the corporately owned politicians keep misinformed. Even the young progressives actually choose to use phrases like "Defund the Police" that frankly, and rightly, terrifies anyone who doesn't already know what they _actually_ entail... Awful, awful messaging.
@dawnjones8804
@dawnjones8804 2 жыл бұрын
That's because they (senators) benefit from the poor and middle class
@MCJSA
@MCJSA 2 жыл бұрын
@@dawnjones8804 Yes. They've sold themselves to corporate interests and no longer represent the people who elected them. We need political finance reform.
@jorgegonzalez-larramendi5491
@jorgegonzalez-larramendi5491 2 жыл бұрын
graham seal the border all problems solved: sadly that half of the USA was part of mexico for 300 yrs. when the anglos captured La Forida by mercilessly bombing then looting La Habana the florida indians tequesta tribe and free blacks chose to be taken to cuba.
@MCJSA
@MCJSA 2 жыл бұрын
@@jorgegonzalez-larramendi5491 Careful. You might wander into GOP prohibited history territory. Anything that might trigger criticism of white colonialism will be tagged as "devisive" and "unpatriotic". See approved revisionist FL history at the local KKK offices.
@cable30
@cable30 2 жыл бұрын
Good to have someone who tells them as simple as possible that all this is pretty much corp greed in so many ways.
@johnd6389
@johnd6389 2 жыл бұрын
But its not
@afriendtoo6971
@afriendtoo6971 2 жыл бұрын
We need to stop saying ' billion '... it is too short and simple a word that doesn't leave an impact. We need to start saying 1000 million......that makes an impact ! So when Kroger posts a $4 billion profit for the year we need to say $4000 million profit as they continue to raise prices.
@cable30
@cable30 2 жыл бұрын
Stores are gonna give excuses to raise prices anytime. so that wont stop till they got too much back stock cause traffic will stop buying stuff for any reason. then they start lowering prices or put on clearance any or send back for credit any if cant sell it for any reason
@johnassal5838
@johnassal5838 2 жыл бұрын
@@johnd6389 Ironically your response is _too simple_ to make it clear if you're disagreeing that his message is A) simple as possible, or B) pretty much all corp greed. In either case pretty ironic. I do agree entirely if you meant it's not as simple as it should be or he'd have forced Graham to go on the record endorsing the Price Gouging of his constituents by his corporate -owners- I mean, _donors._
@johnd6389
@johnd6389 2 жыл бұрын
@@johnassal5838 Its not corporate greed or price gouging. Lol
@thaliacrew1
@thaliacrew1 2 жыл бұрын
Thank you, Dr. Reich. You are one of our best role models on how to speak truth to power.
@havable
@havable 2 жыл бұрын
I love how he handled Graham's question.
@edwinamendelssohn5129
@edwinamendelssohn5129 Жыл бұрын
🤣
@kaykeelan3765
@kaykeelan3765 2 жыл бұрын
I like the way you turned Graham's border comment around so nicely and brought him back to the issue at hand, inflation and corporate greed.
@stevenmeyers1226
@stevenmeyers1226 2 жыл бұрын
Graham loves farm animals.
@WindFireAllThatKindOfThing
@WindFireAllThatKindOfThing 2 жыл бұрын
@@stevenmeyers1226 Graham -loves- *_is a_* farm animal. Ovis Aries, of the family Bovidae, specifically.
@happyarmadillofarm9026
@happyarmadillofarm9026 2 жыл бұрын
@@stevenmeyers1226 Graham loves red herrings.
@KMx108
@KMx108 2 жыл бұрын
@@Zach-ju5vi being an intellectual doesn't mean you don't work. Do you think our presidents don't work?
@edwinamendelssohn5129
@edwinamendelssohn5129 2 жыл бұрын
The only trouble in earth, NOT
@KMx108
@KMx108 2 жыл бұрын
My conservative mom was right on board with this message. This is absolutely critical and can unite the people. Very well presented and time is of the essence on this. There is so much the opposing sides actually agree on, if we can just push past the party labels and fear that closes minds and supports widening the wealth inequality gap.
@TennesseeJed
@TennesseeJed 2 жыл бұрын
Since we are hominids preprogrammed to be memetic we need a common enemy. If the Red and Blue can unite against the oligarchy it seems like a good start. Now, if we could find another world with inhabitants somewhere out in space we have a chance at world peace.
@discosecret6363
@discosecret6363 2 жыл бұрын
Forward this video to those who may be receptive to the message.
@bobt9948
@bobt9948 2 жыл бұрын
Pushing passed party labels is essential. I give two options to my children and even they are wise enough to see through the manipulation. Me: "Do you want water or milk?" Them: "Juice" Now is a time to work on what we agree on, not what we disagree on. Historically, if people can live a lifestyle that allows for basic contentment, hatred diminishes. At this time, people are looking for someone to blame, which is leading to infighting instead of keeping a focus on the real culprits. What do we all agree upon? Let's start a list, please add to it. I will start. 1)Corruption is bad
@jorgegonzalez-larramendi5491
@jorgegonzalez-larramendi5491 2 жыл бұрын
Critical Thinking really requires more Good Will and minimal data .. just Consider !
@randibgood
@randibgood 2 жыл бұрын
​@@bobt9948 3) Crack down on union busting by corporations.
@bigdog44pc
@bigdog44pc 2 жыл бұрын
Somebody should be listening to Robert Reichert, because he makes lots of sense.
@havable
@havable 2 жыл бұрын
Hello, Somebody!!
@appleblossomxo
@appleblossomxo 2 жыл бұрын
fish man: He was the Clinton/Gore administration's Secretary of Labor when they sold-out manufacturing to the Indo Pacific Rim, mainly China. The multinational corporatists making a move. The Global Agenda plan warned to Congress 27 years ago: 1994 Congressional Testimony (it may seem boring but is of utmost importance) that included global capitalist billionaire Sir James Goldsmith (he was told the Global Agenda plan) prior to the approval of NAFTA & GATT aka WTO (supported by HWBush, Cheney, Clinton, Gore, Biden, Pelosi, Schumer, Kerry among the dem/gop). Note, Democrat Senator Hollings was Citadel trained & business savvy, the video opens with Senator Hollings calling out Clinton's Amb Kanter's nonsense that Americans would be fine with trading their jobs for cheaper goods from eg. China followed by Sir James Goldsmith's revealing the global agenda plan. kzbin.info/www/bejne/mnzWhauborajhbs Follow up hearing with Q&A. kzbin.info/www/bejne/j5-vZGhorqaBd5o
@dougmackey3696
@dougmackey3696 2 жыл бұрын
Robert Reich
@patshelby9285
@patshelby9285 2 жыл бұрын
@@dougmackey3696 I think autofill might have added something.
@bigdog44pc
@bigdog44pc 2 жыл бұрын
@@dougmackey3696 sorry
@neeper27
@neeper27 2 жыл бұрын
This man is such a valuable asset to our country. We are in dire need of reinstating anti-trust and windfall profit taxes as well as raising the income taxes on the ultra rich. Between monopolistic giant corporations and private equity groups we are being strangled.
@luv2fly745
@luv2fly745 2 жыл бұрын
Absolutely true
@frankgilbert9907
@frankgilbert9907 2 жыл бұрын
Thank Bernie for his support of Robert Reich.
@dianasandberg7854
@dianasandberg7854 2 жыл бұрын
Thank you for your testimony. I have one small observation, which is that, while I am sure this is blindingly obvious to you, I think many people do need it explicitly pointed out to them that most big corporations pay their senior executives in massive amounts of stock, so that these stock buybacks, which do benefit all stockholders, *specifically* **hugely** benefit the executives themselves. The very people who get to decide about raising prices vs. absorbing costs are personally profiting from their decision. I think when people hear, "This policy benefits stockholders" they tend to imagine that small fry like themselves are benefiting, so that's a good thing....
@JustMe-vk4fn
@JustMe-vk4fn 2 жыл бұрын
Good point.
@uncannyvalley2350
@uncannyvalley2350 2 жыл бұрын
Like Citizens United, or Right to Work. Basically take anything a Capitalist says, and consider the inverse to be true
@MsNickie1001
@MsNickie1001 2 жыл бұрын
Boycott Starbucks!
@kylenolan2710
@kylenolan2710 2 жыл бұрын
At the same time, they're forgoing R&D and new business development. That's giving away the future to countries where corporate governance doesn't suffer from this perverse incentive structure.
@havable
@havable 2 жыл бұрын
I don't know if they're still allowed to pay execs with stock options, but if they are then consider that idea but multiplied. As the company ends its buyback spree the execs can sell a few shares at max value. They'll know where the peak is b/c they're the ones doing the buyback. And since the price increase is based on a manipulation that makes it artificial and not a reflection of the quality of the company attached to the stock. So there will be a natural decrease after the peak and the execs would be in a position to short a few as well on the way down. Pretty easy to know when to buy and sell if you know when the prices will go up and down.
@cesarino72
@cesarino72 2 жыл бұрын
Great testimony thank you Robert Reich and Bernie Sanders. We are so lucky to have you both.
@cozycomfy589
@cozycomfy589 2 жыл бұрын
No one emails this as clearly as Robert Reich. Thank you so much. A beacon of clarity in a world of foggy disinformation/lies.
@kylenolan2710
@kylenolan2710 2 жыл бұрын
Graham's corporate ownership and blatant attempts to distract could not be more obvious. It's sad that so many cannot see it.
@johnassal5838
@johnassal5838 2 жыл бұрын
It's actually against Senate/house rules for one member to directly accuse another of being a corporate shill. It's not against the rules for for someone in RRs position to ask them if they are wich could be particularly effective after *specifically* following up LG's "well I don't agree" with pointed question like: "so you don't agree the American people are paying higher prices? You don't agree they're seeing lower wages. You don't agree that nearly every corporation is posting record profits, or do you just think that they're all lying? Because if they aren't lying then they're taking all that money from your constituents and giving it solely to a few at the very top which is exactly why everyone else is hurting. You say there's only so much money to go around when you want to cut funding, senator but it's funny you never say that when it's time for another bailout that only helps your CEO donors." That's the kind of stuff that makes an angry young white man forget he's supposed to hate brown people exclusively.
@Mockduck2020
@Mockduck2020 2 жыл бұрын
It seems that is now how government works.
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
This idiot calls for price controls Nixon done this on meat result shortages for the first time ever Reich is a Communist
@johnassal5838
@johnassal5838 2 жыл бұрын
Salient point everyone needs to keep repeating: corporations aren't just _passing on the 5-10% cost increases_ they're *also jacking up their prices another 20% **_after_** that.* That's called Price Gouging and it's the only way you can get 70 year high record profits. Everything else is incidental.
@Catmom2004
@Catmom2004 2 жыл бұрын
This is a nightmare that never seems to end
@patshelby9285
@patshelby9285 2 жыл бұрын
I think inflation is a tactic they deploy strategically whenever we get liberals in office. They figure if they can inflate costs, they make the libs look bad. It helps get the conservatives in power there by avoiding paying a fairer share of the taxes needed to maintain our country and to avoid the regulations which the Dems like to insure safety and equality. Sort of like Boeing used a slackening of oversight on their planes' air worthiness to save money on mechanics, down time, parts etc. Like in the 737. The bundle they saved there really affected their bottom line. They are addicted to cutting costs and hate regulations which make them toe the line. But as long as they do not have to eat the cost of their errors, they can afford to bribe Congress and their PR trolls. These are the same people who say if a young girl gets pregnant and attempts to do a serious course correction, she can end up in jail for life for her error. The gun rights lobby say they need guns to defend themselves against government overreach. The overreach that the gun riders want to stop is that which would take away their guns. Curiously, most of them do not seem troubled by the woman's loss of her right to bodily autonomy. The only right they defend is their lust for guns. If that young woman can put off an abortion, there is an ever increasing chance someone with a gun can administer a very late term termination by gun. Not with anything approaching surgical precision. An AR-15 can apparently shatter bone exploding it through flesh like shrapnel. The projectile tears off limbs in passage, scattering them about. None of the antiabortion graphics top the scenes left behind those good old boys letting off a little steam in a massacre. And guns trump abortions everyday in their world. Jim Jordan says abortions deprive us of our most fundamental right, the right to life. Tell us, Jim. How do you feel about guns? There is no danger of that the conservativesas will lose their right to bear arms as long as money can be made off selling guns.
@johnassal5838
@johnassal5838 2 жыл бұрын
@@patshelby9285 I'm curious, do you see your response in the cue under my comment? I see it in my notices and it's highlighted directly under mine when I click that notice but if I click "replies" under my original I only see the other comment...🤔 I basically agree with your sentiments and conclusions 100% so it's unfortunate if it's being censored. Its possible some of the more dramatic analogies you used tripped dumb AI filters designed to shadow ban the potentially dangerous wackos you _merely referenced_ rather than any effort by the 1% at thought control... Maybe. 🤞
@patshelby9285
@patshelby9285 2 жыл бұрын
@@johnassal5838 John. Probably too many wacko analogies. I tend to weave all the things I feel are rooted in the RW into my replies. That may have been the one I bounced them all off of. Little too much stream of consciousness here.
@patshelby9285
@patshelby9285 2 жыл бұрын
@@johnassal5838 do you see a comment referencing inflation as a tactic used strategically.... Maybe you muted me? I got nutting....
@lrvogt1257
@lrvogt1257 2 жыл бұрын
I love the way Mr Reich lays out a series of indisputable, demonstrable facts and numbers and Graham just says "I disagree with everything you said." A typical knee-jerk (with an emphasis on jerk) corporate response.
@peppertree8244
@peppertree8244 2 жыл бұрын
Amazing, isn't it?. 'I disagree with factual facts...'. Ugh.
@joshuaburris6805
@joshuaburris6805 2 жыл бұрын
Typical republican hack deny at all costs then present no evidence to explain why there is disagreement
@kenny3269
@kenny3269 2 жыл бұрын
Disagrees but can’t present any facts that contradict Reich’s testimony. Just disagreeable for no logical reason.... other than the big companies’ interests.
@peppertree8244
@peppertree8244 2 жыл бұрын
I just keep coming back to campaign contributions system needing to be drastically overhauled. It was such a slap in America's face back in 2008(?) when supreme court let 'companies count as people' in the middle of that exact controversy.
@lrvogt1257
@lrvogt1257 2 жыл бұрын
@@peppertree8244 I agree completely
@sheilagrant2583
@sheilagrant2583 2 жыл бұрын
Thank you Mr Reich for standing up for American working and the poor people of this country
@codacreator6162
@codacreator6162 2 жыл бұрын
Stock buy-backs should be highly regulated. Period.
@MsNickie1001
@MsNickie1001 2 жыл бұрын
It should be illegal. Period.
@user-rc7ld1db8v
@user-rc7ld1db8v 2 жыл бұрын
You're the real deal Robert. Lindsey shut his mouth to facts and truth. He tried to distract but it didn't work!!! Keep up the great work spreading truth and knowledge.
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Under trump black Americans were employed at record levels and low income workers wages rose at record levels
@DJJonPattrsn22
@DJJonPattrsn22 2 жыл бұрын
I salute & commend your efforts, sir! Tragically, I have absolutely NO hope that the Senate will actually going to do ANYTHING!
@patshelby9285
@patshelby9285 2 жыл бұрын
Not without an enormous well placed shove.
@kitsiewr
@kitsiewr 2 жыл бұрын
They are very well paid to occupy seats of power and ensure that corporations will not be hindered.
@MassiveSuccessVids
@MassiveSuccessVids Жыл бұрын
Doing due diligence, Sir Reich, I'm now an admirer. Much respect. You're a HERO. Amen.
@erincaitlin1655
@erincaitlin1655 2 жыл бұрын
Thank you, Prof. Reich, for providing facts and speaking TRUTH to corporate greed. The government needs to tax all corporate theft and then give it back to working consumers. This way, companies will be held in check by elected representatives of struggling workers ...
@theodoreroberts3407
@theodoreroberts3407 2 жыл бұрын
Not that I disagree, I don't. But how is this to happen with republicans in office? They clearly stand with the rich and corporations at every turn. And even republican supporters suffer along with the rest of us. Listen to them, the republicans are off subject.
@MsNickie1001
@MsNickie1001 2 жыл бұрын
Amen!
@margaretf6147
@margaretf6147 2 жыл бұрын
Only one problem, 99% of the government works for the corporations and are supported by them during their campaigns to run for office.
@theodoreroberts3407
@theodoreroberts3407 2 жыл бұрын
@@margaretf6147 There was a time when borh parties were after the union vote. I feel that was about the time officials stopped working for the people. Yeah, there were still differences in ideology, but all most all were working for the country in their own particular way, but could reason together on important issues. It really wasn't that long ago.
@BlahblahblahblahblahblahblahFU
@BlahblahblahblahblahblahblahFU 2 жыл бұрын
Robert and Bernie are my my heroes! I’m way younger than them… but I honestly don’t have the drive to deal with the issues that is happening in the USA. I’m a U.S. citizen, but live in another country for many years! Keep fighting the good fight, gentlemen! Hopefully I’ll return when leadership isn’t greedy and power hungry!
@jerometekien2927
@jerometekien2927 2 жыл бұрын
I guess you won't be coming Back!🥺
@BlahblahblahblahblahblahblahFU
@BlahblahblahblahblahblahblahFU 2 жыл бұрын
@@jerometekien2927 honestly I don’t plan to! It’s sad! all the gun shootings and making abortion illegal… I cannot!
@tomconverse7862
@tomconverse7862 2 жыл бұрын
Come back Charmaine! We need you! We're stronger with you than without you! lol
@burtonschrader2
@burtonschrader2 2 жыл бұрын
Don't forget Sen Whitehouse.
@BlahblahblahblahblahblahblahFU
@BlahblahblahblahblahblahblahFU 2 жыл бұрын
@@tomconverse7862 troll!
@blueberrymouse6206
@blueberrymouse6206 2 жыл бұрын
Secretary Reich is speaking truth to power. Get rid of Citizens United to end money in politics. Give government back to "We The People" instead of them their donors!!!
@gotem370
@gotem370 2 жыл бұрын
I don't think there has ever been a more well informed group of people that are simply forced to watch nothing change
@NomadAlly
@NomadAlly 2 жыл бұрын
There’s the problem. Don’t settle when it comes to things that matter. The best we can do as individuals is spend our money on sustainable local companies.
@CharlesHepburn2
@CharlesHepburn2 2 жыл бұрын
Corporations serving their own best interests and rich people wanting more money?!?!?!? Who would have thunk!
@LocoGeorge123
@LocoGeorge123 2 жыл бұрын
Everyone knows it and our government doesn’t care because they get paid to steal from us
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
The too five percent pay over half the federal taxes we live off the rich
@CharlesHepburn2
@CharlesHepburn2 Жыл бұрын
@@fritzforsthoefel8031 please site your source. And, also, if you are correct with stated data, maybe the better way to look at it is that rich people pay more to taxes because they have benefited the most and grown the tallest in the soil of our society. If we didn’t have the system we do, they maybe wouldn’t have been able to live a life of such opulence.
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
You are right In communist countries you had your money taken away if you were rich mao when he ruled took rich people's money and gave it to the masses result millions starved
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
The congressional budget office Tells who pays what and where our taxes go and the treasury department the top five percent pay over half the federal taxes Reich is a communist whoes economic policy's is being followed in California and shunned in Florida guess which state is loesing people and what state is gaining people
@laureenmcgrath3016
@laureenmcgrath3016 2 жыл бұрын
Not only are they raising prices they're shrinking the product that you're purchasing
@tomconverse7862
@tomconverse7862 2 жыл бұрын
Right! I started noticing this happening in the late 90's, early 2000's! The consumer is getting robbed twice! This should be criminal but congress does nothing about it. We are now seeing the effects of 2 things: voter APATHY and not enough, good quality candidates! That's why it's SO important to do your research on which candidates will truly help the American people who are struggling to make ends meet!
@chrislaprise398
@chrislaprise398 2 жыл бұрын
Thank you for your service to our country Robert!
@samanthamariefreeman335
@samanthamariefreeman335 2 жыл бұрын
I would LOVE to see Reich and Sanders as our next elected leaders! Having intelligence in the WH, what a concept!!
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
We have a debt bigger than our entire economy meaning when our creditors cash there bonds in for cash they will be able to buy everything meaning no matter how much money you have it won't matter there won't be any thing to buy leaving our children a bankrupt shell of a nation and Sanders wants more government handouts
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Will you send half your income to the government to pay for the handouts Sanders promises you if not you are a thief of the worst kind stealing from our children who will have to pay for the handouts we adults demand
@spacelemur7955
@spacelemur7955 2 жыл бұрын
I took a lot of macroeconomics courses in college and grad school, and Mr. Reich is a real pro. He knows this stuff considerably better than I, and I a bit better than most senators, in all likelihood. However, lobbyists. End of reform.
@LD-qj2te
@LD-qj2te 2 жыл бұрын
I love you Robert !! My favorite person in economics and politics …
@anneramsden9274
@anneramsden9274 2 жыл бұрын
Thank you Secretary Reich
@farahshabani3976
@farahshabani3976 2 жыл бұрын
This testimony should be heard by every American adult. Unfortunately, the majority of people would rather watch the tabloid and cheap programs than watch and hear the programs that can open their minds about what is being done to their lives. My fear is what happens when patriots like Robert Reich are gone. Who do we have left with conscience and knowledge of the system to try to enlighten us? The future doesn’t look bright.
@donivanpotter2762
@donivanpotter2762 2 жыл бұрын
Yeah my conservative relatives they all say the same thing: Biden stopped the oil pipeline and that raised gas prices and that caused all the other chain reaction with shipping costs going up and so forth and so on. I guess it comes down too, some people are Republican no matter what and some people are Democrat no matter what. they don't really hear anything other than what they want to hear.
@johnd6389
@johnd6389 2 жыл бұрын
His testimony is wrong.
@johnd6389
@johnd6389 2 жыл бұрын
@@donivanpotter2762 Yeah bidens policies created the increase in oil prices. Along with the left shutting the economy down. Learn economics you won't be a leftist anymore.
@dwade3202
@dwade3202 2 жыл бұрын
but what the fuck can you actually do ? I dont live in the US , but I live near the hungary border so I was buying all my food and gas there far cheaper than in my country croatia. now hungary banned us from buying in their country by their lower prices lmao. I would love to not have to spend money but you have to live. and Im so fucking tired of just knowing this shit and then not being able to anything about it. We all know my country is corrupted as fuck and all they do is steal money, corporations just fucking us in the ass for just a "little" bit more profit and it never fucking ends.
@TheProletariat.
@TheProletariat. 2 жыл бұрын
Thank you Robert for giving this specialized insight to this panel. Amazes me how simple minded of a response you got from LG.. "I disagree" .. We need more people like you working for us Robert. And more people whom actually will work towards working class Americans
@edwinamendelssohn5129
@edwinamendelssohn5129 Жыл бұрын
He lies
@discosecret6363
@discosecret6363 2 жыл бұрын
Thank you Sec. Reich. I wish more people in Washington possessed your integrity.
@vcast.l9315
@vcast.l9315 2 жыл бұрын
That was absolutely extraordinary to watch your mastery. Thank you for your passion and expertise. I can only hope that Congress will seriously consider your words, and create a new corporate profits law.
@fenix02008
@fenix02008 2 жыл бұрын
@Zach. There is no need to choke out companies. There is Only need to better regulate them to prevent the Thievery and Price Gouging that keeps the majority of US down and the Minority of THEM getting richer by the minute. ( Off our BACKS ).
@ryanjoslyn
@ryanjoslyn 2 жыл бұрын
The Current and Historical data presented within, provides such valuable Insights. And these Policies need to be Enacted by Congress and the President. Thank You, Robert Reich!
@dbalee3708
@dbalee3708 2 жыл бұрын
the "shafted" are the very ones Republican lies appeal to - until they are educated about how they are being manipulated, they will continue to aid the ones who are "shafting" them - thank you for your efforts to do this
@uncannyvalley2350
@uncannyvalley2350 2 жыл бұрын
Statistically they're a tiny minority, but the system has been geared to cater to them from the start. Until the average worker realizes the world is a Corporate Theocracy, and the need for a more egalitarian form of govt, they will continue to fall for a rigged game. You keep trying to vote your way out of quicksand, without seeing the quicksand is the problem. (Representative Democracy)
@MCJSA
@MCJSA 2 жыл бұрын
The constant prattle about made-up controversies keeps them ignorant of the issues that really impact them and their families. Which is more important - who is using which bathroom or whether a family member dies because they can't afford essential medical care?
@havable
@havable 2 жыл бұрын
Its hard to fix too b/c w hen you say 'manipulated' they have to agree that they got fooled before they can turn it around. Egos are big. Humility is no longer a value. Everyone is a know it all.
@mtn1793
@mtn1793 2 жыл бұрын
Republican zombies have been so trained to believe that it’s the democrats who have shafted them that they aren’t able to see the truth of the matter.
@MCJSA
@MCJSA 2 жыл бұрын
@@mtn1793 What a bunch of snowflakes! They can't get their heads around the fact that they implemented a bad , long term strategy decades ago to focus on a dwindling demographic. If you look at old episodes of All in the Family, early 70s, you can easily see which demographic they began courting. They tried to shift to the "small business" community in the 80s but over the past 40 years, they've done little to support them, leaning toward big-business lobbies to devour small businesses like Kronos eating his children. Many small business people still drink the "American dream" kool-aid. The Dems need to do more to promote small business and support them, indirectly, with tax concessions and other similarly structured breaks that don't look like "hand outs".
@GR-ji9fw
@GR-ji9fw 2 жыл бұрын
My Senator Graham Cracker thinks he knows it all - as long as his bunch gets all the money he doesn't give a damn. This is corporate greed. I've been saying it all along - you cannot say you have a short supply, your prices go up, and yet you make massive profits, unless you raise your prices far beyond what they should be. Thank you, Dr. Reich!
@Q_from_Star_Trek
@Q_from_Star_Trek 2 жыл бұрын
Great testimony, Dr. Reich!!!
@fliptriks17
@fliptriks17 2 жыл бұрын
We are being conditioned to believe that all of this madness is normal. IT IS NOT. If we don't vote out the politicians refusing to fix things then we will continue to decline as a nation. I'm 37 and have never been to a doctor because of the cost. Remember property taxes and car payments are always more important than your health.
@peppertree8244
@peppertree8244 2 жыл бұрын
Conditioned not to care, too. I keep hearing people say that they're so tired of politics that they just don't pay attention any more. That's exactly how things DON'T get fixed. (Obvious, right)? You're so right about voting. I'm always amazed at the low voter turnout, particularly Democrats and Independents. What will it take to get as motivated as GOP voters!? I don't understand it. I feel that if American democracy fails, it's because too many of us Democrats and Independents got too lazy. WHAT A REALLY BAD REASON! Must change fast.
@fliptriks17
@fliptriks17 2 жыл бұрын
@@peppertree8244 People often fear what they don't understand. They don't understand because of conditioning and the wealthy own everything. Prices don't have to rise but they say they do to keep profit margins high. That's it, all greed for money and power. But yes people don't realize that to make changes, you have to vote on it. All these sheep getting scared when they hear "socialism" but meanwhile don't really care where their tax money goes and the rich don't pay any. It sucks but we need to pay attention.
@peppertree8244
@peppertree8244 2 жыл бұрын
@ Justin Hansen. Every word you said - agreed!
@sonderevokingbuns
@sonderevokingbuns Жыл бұрын
why do you have a car payment? you're making some of your own mistakes there, bud.
@ejamesl
@ejamesl 2 жыл бұрын
Gotta love how Lindsey Graham once again smugly disagrees with reality.
@scrubjay93
@scrubjay93 2 жыл бұрын
Republicans and their "alternative facts". They are paid by those very corporations to disagree with reality! In both parties.
@kellymestas9709
@kellymestas9709 2 жыл бұрын
She clutches her pearls and gets the vapors. Ah doo deeclayuh!!
@terriem3922
@terriem3922 2 жыл бұрын
To be sure, yuck
@michaelmccoy1794
@michaelmccoy1794 2 жыл бұрын
@@kellymestas9709 that sure is miss lindsey's trademark!
@chriswelljack4910
@chriswelljack4910 2 жыл бұрын
lol yep I saw that
@angelaflynn6837
@angelaflynn6837 2 жыл бұрын
Isn't it just sad to listen to the responses out of the Republican senators during this committee meeting. I'm sure we all knew what the outcome would be. I want to thank you Secretary Reich for all your efforts to help the struggling working class. Please don't abandon them, but keep speaking out.
@WindFireAllThatKindOfThing
@WindFireAllThatKindOfThing 2 жыл бұрын
It's always the same refrain. "Hey you guys, just let us purge all the Mexicans, and you'll wake up tomorrow rich with a $200 an hour job!" You'll just have to pick your own lettuce in the fields and flip your own burgers at the drive thru.
@trinafirey8747
@trinafirey8747 2 жыл бұрын
Vote BLUE
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Pay your fair share of taxes to pay for democrat handouts and quit bankrupting our nation by voteing democrat while not paying for the social programs they want people like you are sending our children a bankrupt shell of a nation why do democrats hate our children
@tigrrtom
@tigrrtom 2 жыл бұрын
Lindsey Graham shouldn't be allowed to ever speak on something he has no knowledge of...which is anything and everything.
@xzonia1
@xzonia1 2 жыл бұрын
Thank you for your testimony, Prof Reich. I wish Congress would stand up for American's citizens the way they're supposed to and vote to help the average worker as you suggested.
@MsNickie1001
@MsNickie1001 2 жыл бұрын
I can’t believe that the stupid voters in South Carolina voted graham in again. Geez.
@pandoraeeris7860
@pandoraeeris7860 2 жыл бұрын
The rich feel nothing but CONTEMPT for everyone else.
@nickpeterson8659
@nickpeterson8659 2 жыл бұрын
George Carlin - Life is Worth Losing kzbin.info/www/bejne/gX2ydXqeet5_rM0
@patshelby9285
@patshelby9285 2 жыл бұрын
And fear. They are terrified that everybody wants what they have and their only defense is to build the wall between us higher.
@georgeromano7406
@georgeromano7406 2 жыл бұрын
Why can't we make this common knowledge keep saying it shove it down the throats of the house and the Senate and let them know that we're not going to take this anymore. I've known about this I've entered the workforce in 1978 and watched since the Reagan years and the Advent of the trickle down economy that never trickles down to the people that needed the most and trickles down to the shareholders that get the BuyBacks from the excessive profits cuz they don't know what the hell else to do with them and also the reduced tax rate. Unless we all share in prosperity this country will no longer exist. The reason the Kings and the fascists and the dictators are overthrown is because they keep all of the world's riches that belong to all of the people of the world not just those in power not just those with armies for themselves and their cronies that are backing them up. If this doesn't change nothing will. Robert Reich is truth!
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
The rich pay almost all the federal taxes the rich pay for the handouts democrats want
@Chereese0808
@Chereese0808 2 жыл бұрын
Bravo Richard. Thank you so much for all the good you do!! ♡
@glennisdolce7786
@glennisdolce7786 2 жыл бұрын
Thank you for your testimony here. Every elected official needs to take your Wealth and Poverty class. We would all be better for it.
@mschlosky1
@mschlosky1 2 жыл бұрын
💯
@gloriastanleygarcia4681
@gloriastanleygarcia4681 2 жыл бұрын
I completely agree with Robert Reich’s analysis.
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Then pay half your income to the government to pay for the handouts democrats want stop bankrupting our nation by voteing for handout democrats look at the debt clock
@andrewjameshenderson1389
@andrewjameshenderson1389 2 жыл бұрын
Thank you, Mr. Secretary! 🌹❤️🌹
@geraldallocca6858
@geraldallocca6858 Жыл бұрын
Robert Reich Definetly needs a bigger platform and media coverage!!!
@michaelrch
@michaelrch 2 жыл бұрын
Lindsay "I speak for the oligarchy" Graham...
@khalidalali186
@khalidalali186 2 жыл бұрын
I’m not an American, thank God. But I find these videos more entertaining than anything Hollywood can pull off. Thank you 🇺🇸
@khemarandinh3488
@khemarandinh3488 2 жыл бұрын
Government doesn't set market prices, but they can tax and invest. Not welfare, but invest in the working class
@paulsanderson4139
@paulsanderson4139 2 жыл бұрын
great job ROBERT, BOTH PARTIES ASKING AND LISTENING IS RARE AT BEST.
@glendagraves1637
@glendagraves1637 2 жыл бұрын
Thank you, Robert Reich for your clarity of thought and intelligent presentation.
@christhebrickman3796
@christhebrickman3796 2 жыл бұрын
I like what you had to say to the committee. I don't think that these people in charge of the government are going to be able to help the working class. I wish that I didn't fell this way.
@barbaralemons4741
@barbaralemons4741 2 жыл бұрын
It's not a matter of being unable, Chris. They are unwilling because they are some oof the shareholders Prof Reich is talking about. .
@aldasilva8847
@aldasilva8847 2 жыл бұрын
Economic common sense, as always, from Robert Reich.
@RobinHerzig
@RobinHerzig 2 жыл бұрын
Corporations are people, my friend Money = Speech #BillionairesShouldNotExist ✊ #TaxTheRich
@123gwilco
@123gwilco 2 жыл бұрын
Bravo! Pull the covers off of these jackals.
@bettya3027
@bettya3027 2 жыл бұрын
Thank you, Robert Reich!
@epincion
@epincion 2 жыл бұрын
Thanks Sec Reich that was a very good testimony. I must say that the Sen Lyndsey Graham's remarks twisting what Sec Reich said about action to prevent future skilled labour shortages to to somehow go on about a secure border (which to him means a Trump style wall) confirmed to me that he is a slimeball of the first order.
@martimajor4766
@martimajor4766 2 жыл бұрын
My hero. Thank you Robert. Thank you Bernie. Make it stop!!!
@njosborne6152
@njosborne6152 2 жыл бұрын
In those Most Nobel words, thank you, Sir. thank you! thank you! No justice, no no-bliss 🧬😎🇺🇸
@Nemo-yn1sp
@Nemo-yn1sp 2 жыл бұрын
Graham is a mosquito that annoys and never gets swatted to oblivion.
@kesart8378
@kesart8378 2 жыл бұрын
Of course Lindsey Graham disagrees with everything that Professor Reich, an internationally respected economist, asserts: Graham's paymasters/donors expect, indeed demand, that he oppose any push to combat corporate greed. And Lindsey lives to follow orders.
@billprice6458
@billprice6458 2 жыл бұрын
Thank you for fighting for us.
@triciacherise8084
@triciacherise8084 2 жыл бұрын
Poor robert is explaining over and over to our idiot senate while they just do their BS political shift and STILL taking no action. Our Congress HAS FAILED US!!!
@georgeappleton9469
@georgeappleton9469 2 жыл бұрын
Touché Thank You Robert for Everything you Have Done And Are Doing to help save our democracy. Love you Jacqueline
@CynthiaSchoenbauer
@CynthiaSchoenbauer 2 жыл бұрын
I also love when you reinforce what you are teaching us in class with REAL LIFE examples. There is nothing quite like real life as a way to learn the basic concepts of freedom, equality, and democracy through pain.
@Scorpioking1987
@Scorpioking1987 2 жыл бұрын
Thank you Secretary Reich!!!!
@dianabailey9757
@dianabailey9757 2 жыл бұрын
Clear, concise complete. Well done presentation. Congress is appalling in their lack of fiscal awareness and understanding of basic business principles... not that they will do anything substantive with this information beyond insider trading and accepting more corporate funds.
@dianemitchell1717
@dianemitchell1717 2 жыл бұрын
Republicans are not unaware of how the economy works. Their purpose is to spread disin formation and pass laws that support corporate interests for a price. The workers be damned. We have go e back to the 19th century where there were no regulations or taxes and poverty was rampant for rhe workers.
@dreamlife2351
@dreamlife2351 2 жыл бұрын
Thank you for all your hard work and integrity 🌺 peace and love
@rongaiello4689
@rongaiello4689 2 жыл бұрын
The reason why there are oligopolies is because the government- the FTC specifically - allowed that to happen!
@michaellombard894
@michaellombard894 2 жыл бұрын
Because the government is getting lobbied by corporate interests.
@barbaralemons4741
@barbaralemons4741 2 жыл бұрын
No, Reagan and the Moral Majority especially that slime Newt Gingrich decided they were going to do a hostile financial takeover of our economy, and the GOP's been riding that gravy train ever since.
@uncannyvalley2350
@uncannyvalley2350 2 жыл бұрын
The founders of the CIA, FBI, DC and the designers of the Pentagon were all Catholic, so too Tucker Carlson, Beck, Hannity, Spicer, O'Reilly, Ingram, Pence, Hawley, Blasio, Manafort, Prince, Devos, Kavanuagh, Barrett, Gates, Fauci, Abbott, Manchin, Comey, Rogan, Jones, Dore, Kulinksi, Rubin, Pool, Peterson, Dice, Cernovich, Crowder, Molyneux, Fuentes, Yilanopouse, Pompeo, Spencer, Bolton, Abrams, Stone, Desantis, Bezos, Cuomo, Pelosi, Biden, Maddow, Hayes, Cooper, Toocy, McEnany, Collins, Rubio, Cruz, Gutfeld, Mattis, Richardson, Ryan, Huckabee, Gingrich, Sessions, Guiliani, Flynn, Bannon, Barr, Christie, Richardson, Melania, Kelly, Conway, Gionet, Johnson, May, Blair, Thatcher, Trudeau, Merkle, Tusk, Farage, Morgan, Cowell, Ventura, Bolsanaro, Putin, Posobiec, Corbett, Robinson, Woods, Icke, Camp, Duke, Kirk, Watson, Iverson, Ball, House. 7/9 Supreme Court Justices are Roman Pro life is a foundational Roman tenet. Mayer Rotschild sent sons to establish banking operations in London, Paris, Vienna, Frankfurt, and Naples. Baron is a title given by the Holy Roman Empire, it is also known as Fiehrer, or Fuehrer. Baron (Baron and Fuehrer are the same title) Mayer Amschel Rotschild (1744-1812), was a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s. Wikipedia "The NWO will begin Sept 17th 2001 during Rosh Hashanah Feast of Trumpets, Resurrection of the Dead, the year 6000 of the Great Pyramid Calendar, in order to cleanse the Earth and Humanity in preparation for his Kingdom on Earth" British Israel Foundation memo 1922. Same year Boris Johnson's Great Grandad and Architect of the Armenian genocide Mustafa Ali Kemal sent Trump's Grandad Baron Don Von Drumph to America from Vienna Bavaria, Capital of the Holy Roman Empire. Same place Hitler, Stalin, Lenin, Trotsky, Orwell, Freud, and Boris Johnson's Great Grandad have lived and come from, as well as Einstein. Oil giants Shell and BP are planning for global temperatures to rise as much as 5°C by the middle of the century. The level is more than double the upper limit committed to by most countries in the world under the Paris Climate Agreement, which both companies publicly support. Oct 27, 2017 (BP and Shell expecting catastrophic 5°C global warming by 2050) Methane from Beef farming makes up 52% of all greenhouse gases, and is 90% subsidized subsidised. Banning Beef subsidies could stall climate change overnight, but guess who runs the Beef Racket... "If any one saith that true and natural water is not of necessity for baptism, and on that account wrests to some sort of metaphor those words of Our Lord Jesus Christ. 'Unless a man be born again of water and the Holy Ghost...' Let Him Be Anathama." -COUNCIL OF TRENT Sess VII Canon II On Baptism 1545AD Matthew 3:11: “I indeed baptize you with water unto repentance: but he that cometh after me is mightier than I, whose shoes I am not worthy to bear: he shall baptize you with the Holy Ghost, and with fire.” The fire in this passage refers to the fire or inspiration of the Holy Spirit. "Furthermore we declare we proclaim we define that it is absolutely necessary for salvation, that every human creature be subject to the Roman Pontiff" Pope Boniface VIII, "Unam Sanctam" (Rome 1302) "There is no graver offense than heresy... and therefore it must be rooted out with fire and sword" Catholic Encyclopedia volume 14 (1911): 767-768 "A heretic merits the pains of fire... by the Gospel, the canons, civil law and custom, heretics must be burned" American Textbook of Popery p164 (quoting from the directory for the Inquisitors) "The true baptism is not by water but fire." Prophyry of Tyre 300AD "I propose an Aryan Semitic Alliance to create a superior Caucasian race" UK PM Benjamin Disraeli 1890 "Today I declare the Crusades won" General Edmunde Allenby upon capturing Jerusalem 1917 "But they want nothing but Palestine, because Palestine constitutes the geostrategic center of world control" Dr Nehum Goldmann, 1957, founder of the World Jewish Congress and President of the World Zionist Organization
@brugmansiamakete8700
@brugmansiamakete8700 2 жыл бұрын
Robert is a national treasure!
@rudewalking
@rudewalking 2 жыл бұрын
The senator from SC ses he doesn’t agree, but dosnt have the brain power to even know what a smart guy like Robert Riech is actually talking about.
@TheCybertiger9
@TheCybertiger9 2 жыл бұрын
Nor does he offer any solutions other than he likes things just the way they are, thank you
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Reichs policies are being enacted in California and shunned in Florida guess which state is loesing people and which one is gaining people
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Reich is a communist talking about price controls Nixon done this result first time ever shortages of meat Reich is a liar or an idiot
@mdfalse
@mdfalse 2 жыл бұрын
Thank goodness google and youtube have an unbiased and completely transparent approach to how and why videos get views. I can see this one will for sure remain listed fairly amongst potential viewers that don't already hold these beliefs. I think these companies that benefit from Mr. Reich's buy back explanation would do nothing to keep that as quiet as possible. The ability to hear and understand our government is fantastic and most unbiased............. . . . . . . .
@antoniocalhau4711
@antoniocalhau4711 2 жыл бұрын
With low rates, QE, and low growth, they could have increased the salaries, even if they had to lower them in the future (much more difficult), now the window of opportunity is closing, all courtesy of the filibuster. Why bother if they have buybacks, and other corporate self enrichment financial schemes, such as option rewards for the executives, which come with the buybacks. Thank you for your testimony Robert Reich.
@GuenevereSchwien
@GuenevereSchwien 2 жыл бұрын
This is wonderful! Thank you for saying all of this. It is insane that congress is deaf to this info.
@angelsmith9421
@angelsmith9421 2 жыл бұрын
Best labor secretary ever!!! Wish Biden would hire him again. ( Clinton administration) remember the good ol days when Clinton had us in the green, no debt, the the repukes fucked it all up!!
@rebeccamartin2399
@rebeccamartin2399 2 жыл бұрын
Again🙄
@patshelby9285
@patshelby9285 2 жыл бұрын
I keep remembering how Dubyu'# campaign said the Clinton surplus would last forever if they got in, or something to that effect. I never believed them. I wonder why.
@musicauthority674
@musicauthority674 5 ай бұрын
This person Robert Reich is the most important person that should be listened to. everything he says is spot on. and he should be talking about these issues on every media source possible. so people can hear what he is saying. because it's 100% accurate and it's the truth. if you want to fix the problems this Country is experiencing. you should hear this man out. the issues with large corporations is that they absorb all the corporations under them and create larger monopolies. making them even more powerful and harder to control. and we the people are paying for it this has nothing to do with politicians. except for maybe the Republicans being controlled by their lobbiest.
@CynthiaSchoenbauer
@CynthiaSchoenbauer 2 жыл бұрын
You guys are TWO of my favorite people. I hope I don't adore you too much.
@Kuruflower
@Kuruflower 2 жыл бұрын
You rock Sir!!! Thank you for speaking for us.
@gotrythym
@gotrythym 2 жыл бұрын
Two words: Price Fixing Big companies are price fixing and yes, it's a crime, but don't worry, they won't be prosecuted. Price fixing definition: " the maintaining of prices at a certain level by agreement between competing sellers".
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Show proof
@CaptPeon
@CaptPeon Жыл бұрын
100% agree! People before profits! Thanks for defending the working class! ✊🏽
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
The top ten percent pay over seventy percent of the federal taxes made possible by profits
@CaptPeon
@CaptPeon Жыл бұрын
@@fritzforsthoefel8031 you have a citation for that claim? Not to mention that there are countless ways to hide and otherwise obscure their real earnings.
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
The congressional budget office and the treasury department tells who pays what
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Hiding money to avoid taxes is a felony
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Show proof of rich people who hide there money to avoid taxes
@ekmickley
@ekmickley 2 жыл бұрын
I worked for a triple-digit multi-millionaire, who said that the pandemic was the best thing that ever happened to his company, and that he made a ton of money off of the pandemic... but keep in mind, that every politician regardless of their political affiliation, has so much stock in all of these major corporations, and they are getting rich off of what the corporations are doing as well. So, they're not going to risk losing any money, therefore no change will take place.
@tatersinger
@tatersinger 2 жыл бұрын
Spot-on!
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
What politicians are getting rich show proof or you are a liar
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Show proof
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Over 100 oil companies went out of business during the pandemic what are you talking about
@celsodalsecco4086
@celsodalsecco4086 2 жыл бұрын
I side 100% with Dr. Reich. Let's finally stop corporate greed.
@leyniaLip
@leyniaLip 2 жыл бұрын
Secretary Reich--so direct, smart, concise, well delivered. It was moving to watch. (Your suit jacket. Designed by a master tailor in Italy or somewhere in Europe? Smashing. Lush tie. I hope you don't mind my saying so.)
@barbaralemons4741
@barbaralemons4741 2 жыл бұрын
he worked very hard all his life to be able to afford that suit. As a professor of economics he knows how to budget and earn .
@uncannyvalley2350
@uncannyvalley2350 2 жыл бұрын
I remember when he branded BLM protestors thugs and criminals during the summer protests ...
@leyniaLip
@leyniaLip 2 жыл бұрын
@@uncannyvalley2350 I can tell you direct from Minneapolis that there were indeed thugs and criminals in the crowd.
@leyniaLip
@leyniaLip 2 жыл бұрын
@@barbaralemons4741 Yes! He is STILL working hard! He has well earned every beautiful thread.
@abbienormull
@abbienormull 2 жыл бұрын
#ThankYou @robertreich for committing yourself to the integrity that so few others in DC and in the upper echelon of corporations seem to understand or possess. The greater American public is wearing down and colossal change is necessary.
@ArabKatib
@ArabKatib 2 жыл бұрын
Cheering and prayers from Dubai. :^)
@douglasbillington8521
@douglasbillington8521 2 жыл бұрын
Mr.Reich is awesome. Smart and dignified.
@peterb6282
@peterb6282 2 жыл бұрын
Oh I so wish someone had called timeout after Lindsey G made his "I disagree..." remark and said Okay Lindsey please explain why you disagree......using facts and figures, not just opinion, show us why Secretary Rice is wrong.
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Fact is the top five percent pay over half the federal taxes
@fritzforsthoefel8031
@fritzforsthoefel8031 Жыл бұрын
Fact is you are a thief stealing from our children here is the proof if you draw 1500 a month in ss till your eighty that's over two hundred thousand dollars and you did not pay that much in ss taxes and the average person draws out three dollars for every dollar paid in medicare taxes and the poor get subsidized housing food assistance cash assistance and free healthcare pay your fair share of taxes for the ss and medicare you will receive
@theresa2245
@theresa2245 Жыл бұрын
Thank you for being so brave! I respect and admire your maintaining your position in the face of questionable opposition (on every level)
@devinmcmanus3779
@devinmcmanus3779 2 жыл бұрын
I'm reminded of a quote attributed to John Steinbeck, "Socialism never took root in America because the poor see themselves not as an exploited proletariat, but as temporarily embarrassed millionaires." Is American culture partially to blame for these economic issues? If so, what can be done about it?
@katsong3302
@katsong3302 2 жыл бұрын
🤷🏽‍♀️ those are still believing if they could only find those boot straps…. (Which can only be pulled to put the boots on the feet, and do not pull the person up)
@devinmcmanus3779
@devinmcmanus3779 2 жыл бұрын
@@katsong3302 I know what you mean but I feel like part of the issue is that both "sides" have a bad habit of blaming the "other". Classic divide and conquer. We would do well to lead by example and I believe that this is happening. Take for example recent efforts by workers at Starbucks and Amazon.
@matthewkopp2391
@matthewkopp2391 2 жыл бұрын
John Steinbeck directed his criticism to the increase of private factory farms and the poorly paid workers, which now are 99% of agricultural production. In his era did Stalinist farm collectivization work better? Interestingly in both Stalin collectivization and in capitalist factory farming the yields are higher over all, but smaller farm sizes are much more productive per unit area 2 to 10 times more productive. So smaller farms can be competitive. In Stalin’s USSR the independent half hector plots ended up creating 20% of the overall agricultural production. It’s ironic that it’s the same phenomenon. Today, what’s missing as far as small farms is a cooperative processing infrastructure getting things from farms to wider distribution. But that could be done and they would need government support to help do it. I don’t think it’s a one-size fits all issue. What is needed is diversified industry strategies, if a cooperative can work better in certain area it should be encouraged. But in other areas it might not work as well.
@Xaxtarr_Neonraven
@Xaxtarr_Neonraven 2 жыл бұрын
Democracy is suppose to regulate the excesses of capitalism. FDR's social programs, in order to help recover from the great depression, is said to have "saved capitalism." The inhumane practices from 19th century gilded age were also eventually stopped by government policy. America is NOT a laissez-faire capitalist country but a country whose capitalism is regulated by democratic representation. The Supreme Court's ruling in Citizen's United gave unprecedented political power to wealth and corporate "personhood.' This ruling needs to be relitigated ASAP, but Republicans will never allow this. Our only hope currently is to vote Democratic and to support every means possible to return political power to the people. If we lose our democracy, our fate will be in the hands of the rich and powerful only. Democracy is not only the talk, but it must also be the walk. If our representatives don't come through, then your guess is as good as mine as to what happens next. Our democracy is supposed to be an evolving system, governed by reason and the will of the people, neither fully socialist nor capitalist, but ideological dogma prevents this actuality from ever being acknowledged. With corporations in control of our political system, (to paraphrase an oft repeated maxim) it is "governmental socialism for the wealthy and harsh capitalism for the rest of us."
@mattharrison2330
@mattharrison2330 4 ай бұрын
No😊
@julieleed8976
@julieleed8976 26 күн бұрын
Sir,you are the man of the hour! I am a senior now and see what you do.and reveal. Your sword is sharp and your tongue sharper. My hero…. Watch your back; Julie Ryan Leed
@mperlatti
@mperlatti 2 жыл бұрын
Corporations lobbying power should be mentioned too
@babybijou969
@babybijou969 2 жыл бұрын
I’m so happy to see Dr. Reich back in front of Congress. It’s been far too long - and his clarity is key
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