Democracynow iconDemocracynowAug 26, 2026 ~1 min source read

"Most Americans Are Getting Poorer": Robert Reich on Inequality & the Failures of Corporate Democrats

Earlier this month, Treasury Secretary Scott Bessent publicly attacked the former labor secretary under President Clinton, Robert Reich. Reich wrote in a post online that "Trump Treasury Secretary Scott Bessent said this week the K-shaped economy — the widening economic gap between the rich and the poor — is 'dead.' Hogwash.

"Most Americans Are Getting Poorer": Robert Reich on Inequality & the Failures of Corporate Democrats

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Earlier this month, Treasury Secretary Scott Bessent publicly attacked the former labor secretary under President Clinton, Robert Reich.

Reich wrote in a post online that "Trump Treasury Secretary Scott Bessent said this week the K-shaped economy — the widening economic gap between the rich and the poor — is 'dead.' Hogwash.

"There's something in this administration," says Reich.

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Earlier this month, Treasury Secretary Scott Bessent publicly attacked the former labor secretary under President Clinton, Robert Reich. Reich wrote in a post online that "Trump Treasury Secretary Scott Bessent said this week the K-shaped economy — the widening economic gap between the rich and the poor — is 'dead.' Hogwash. "There's something in this administration," says Reich.

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"There's something in this administration," says Reich. "It's almost a kind of testosterone poisoning in which everybody has to be really nasty, put down everybody else." Reich goes on to discuss economic inequality, pointing out that while inflation is on the rise, "most Americans are finding that their wages are stagnant … which means that most Americans are getting poorer."

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