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Robert Reich tears down Mitt Romney’s ‘job machine’

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University of California professor Robert Reich appeared Tuesday night on MSNBC’s The Last Word to discuss Republican presidential candidate Mitt Romney’s job plan. The 59-point plan calls for tax cuts, cuts in the federal workforce and rollbacks in environmental, health and banking rules. Romney called his plan, “A job machine.”

“It’s kind of an odd idea, it’s like calling corporations people,” Reich said. “It’s not clear what these things are. Mitt Romney has the kind of odd idea — and it is a bizarre idea — that at a time when corporations are scoring record profits, at a time when you’ve got them sitting $2 trillion of cash they don’t even know what to do with, that somehow if you give them more tax cuts, and deregulate so you reduce their costs even further, they will then create jobs.

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“They don’t create jobs now, he assumes, because their costs are too high and they’re not making enough money. The reality of course is just the opposite. Corporations are doing extremely well.”

Watch video, courtesy of MSNBC, below:

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Before Trump eyed Greenland: Here’s what happened last time the US bought a large chunk of the Arctic

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Editor’s note: Reports that President Donald Trump has urged aides to look into buying Greenland make us think of the last time the United States bought a major territory in the Arctic: the purchase of Alaska from Russia in 1867. Two years ago, we asked William L. Iggiagruk Hensley, a visiting professor at the University of Alaska Anchorage, to write about that historic sale.

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Activism

‘That is ridiculous’: Andrew Gillum obliterates Santorum for claiming guns aren’t ‘problem’ in mass shootings

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CNN contributor Andrew Gillum called conservative pundit Rick Santorum "ridiculous" on Sunday for suggesting that guns are not the problem in mass shootings.

During a CNN discussion on gun control, Santorum criticized calls from Democratic candidates for the government to buy back assault-style weapons in addition to banning them.

"The truth is something has to give," Gillum said. "The stranglehold that the NRA seems to have over Congress, over Washington, D.C., in my opinion, is insane. How can we put the priorities of one interest group above the safety, the security of the American people?"

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CNN’s Jake Tapper confronts Trump adviser Navarro with long list of experts calling him a disaster

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In a highly contentious interview on CNN's "State of the Union", host Jake Tapper confronted Donald Trump's top economic adviser, Peter Navarro, with a seemingly endless list of economists, analysts and business publications who believe he and his economic advice have both been a disaster and that he is not being straight with the public.

After refusing multiple times to concede that President Donald Trump's trade war -- and accompanying tariffs -- are having any effect on an economy that many financial prognosticators believe is headed towards a recession, Tapper confronted the White House adviser with the list of his critics -- including the Wall Street Journal.

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