Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Robert Reich

Sage Foundation: Wealth “Inequality” Will Continue to Worsen

This article first appeared at TheNewAmerican.com on Tuesday, July 29, 2014: 

LaSalle Mansion

LaSalle Mansion

In another so-called research study about wealth inequality, the liberal think-tank Sage Foundation said in June that while the super-rich have fully recovered from the Great Recession, the vast majority of Americans have not. Specifically their report shows that median household net worth “was $32,000 lower in 2013 that [it was] 10 years earlier,” a decline of 36 percent. It concluded:

Keep Reading…

Restoring the American Dream

1957... After the Prom - by Norman Rockwell

Image by x-ray delta one via Flickr

The incessant and never-ending drumbeat of bad news about the economy was deftly summarized here, which concluded that 16 new records had been set over the past 12 months, “and they are all bad.”

These records included:

  • more than 100,000 homes were repossessed in September;
  • 41 million Americans are on food stamps;
  • 43 million are living in poverty;
  • Sales of new homes in July declined to the lowest level ever recorded;
  • Banks are holding an inventory of more than 1 million foreclosed homes; and

Keep Reading…

Why Reich is Wrong

Robert Reich

Image via Wikipedia

When former Labor Secretary Robert Reich offered his solutions for ending the Great Recession in the New York Times, he repeated the same errors expressed in a CNBC debate the week before.

Reich appears to have all the credentials for knowing what he is talking about: degrees from Dartmouth College, Yale Law School, and a Rhodes Scholarship to Oxford University. Having served as a law clerk to the chief judge of the U.S. First Circuit Court of Appeals and then assistant to the U.S. Solicitor General, followed by an appointment by President Jimmy Carter as Director of Policy Planning at the FTC, most would accept his opinions and suggestions for ending the recession as useful and relevant.

Keep Reading…

Citigroup Bailout Retrospective

Citigroup

Image via Wikipedia

In the announcement that the U.S.Treasury was likely to make a profit selling its stock in Citigroup, much was made about the great returns that sale would generate, and very little was said about how it all happened in the first place.

The potential profit was estimated to be about $7.5 billion assuming that the price of Citigroup’s stock stays at its current level through the end of the year. The article joyfully announced that “it’s a 14 percent rate of return on the $165 billion invested in the biggest banks. Hundreds of smaller banks also received [TARP] money and have been paying the government a steady stream of dividends and interest.” Banking analyst Bert Ely said, “Overall, TARP may cost taxpayers money. But the banking part of it is going to be a moneymaker.”

Keep Reading…

Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2018 Bob Adelmann