Saturday, September 8, 2012

Robert Reich - Beyond Outrage

In this slim book Reich, Bill Clinton's former Sec. Of Labor and now professor at Berkeley, has a simple thesis.  The basic economic problem in this country is increasing inequality, which erodes middle class purchasing power, which is why the economic recovery is so slow.  The middle class is not spending which means that businesses are not expanding and hiring.  The middle class is being squeezed as economic gains go mostly to the rich.  If Romney wins, things will only get worse as the Republicans are interested in cutting taxes for the rich.

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