The article suggests that Robert Reich, a former Secretary of Labor under President Bill Clinton, believes the Democratic Party is on the brink of a new era. Reich argues that the party's failure to address issues such as poverty and inequality has led to its decline in popularity with working-class Americans.
Reich points out that the labor market is showing signs of slow growth, with real wages going down for most people. He notes that the only segment of the population that seems immune to the economic downturn is the top 10% of earners, who own most of the shares of stock and are benefiting from the stock market.
Reich also criticizes the Democratic leadership for not having enough backbone in their dealings with Trump. He suggests that they should be more willing to challenge him and take bold action to defend democracy.
The article quotes Reich as saying that he is "on the brink of a new era" with regard to Democratic politics, suggesting that there will be a shift towards a more progressive and populist direction. However, it does not provide clear evidence of this shift or what specific policies or actions would characterize this new era.
Overall, the article presents Reich's views on the state of the Democratic Party and its prospects for the future, but it also raises questions about whether these views are based on a realistic assessment of the situation or if they represent a more idealistic vision of where the party should be going.
Reich points out that the labor market is showing signs of slow growth, with real wages going down for most people. He notes that the only segment of the population that seems immune to the economic downturn is the top 10% of earners, who own most of the shares of stock and are benefiting from the stock market.
Reich also criticizes the Democratic leadership for not having enough backbone in their dealings with Trump. He suggests that they should be more willing to challenge him and take bold action to defend democracy.
The article quotes Reich as saying that he is "on the brink of a new era" with regard to Democratic politics, suggesting that there will be a shift towards a more progressive and populist direction. However, it does not provide clear evidence of this shift or what specific policies or actions would characterize this new era.
Overall, the article presents Reich's views on the state of the Democratic Party and its prospects for the future, but it also raises questions about whether these views are based on a realistic assessment of the situation or if they represent a more idealistic vision of where the party should be going.