Friday, September 03, 2010

Reich-ommended Reading

On the heels of economic news that keeps going from worse to worser, it's hard not to feel a little bit discouraged when you realize that, irrespective of political stripe, we have a political establishment that's seemingly dug in its heels against the middle class.  As Robert Reich says, when comparing our curent malaise to the Great Depression:
This time around, policymakers had knowledge their counterparts didn’t have in 1929; they knew they could avoid immediate financial calamity by flooding the economy with money. But, paradoxically, averting another Great Depression-like calamity removed political pressure for more fundamental reform. We’re left instead with a long and seemingly endless Great Jobs Recession.
Reich goes on to examine the roots of this so-called "Great Recession," as well as posit some of the possible ways out.  Well worth a read.

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