Friday, June 24, 2011

The Truth about the Economy

1 comment:

  1. Reich is right. The decline of the middleclass will put the US economy to jeopardy. No longer will the people have the “voice” because the power now belongs to the wealthiest who have a strong influence on institutions in shaping public policy. This means major cuts in welfare systems, favouring private systems, for instance in pensions and social security ; maintaining a strong military spending policy; reverse the new financial regulations and go back to risk leverage and derivatives so Wall Street will have a second repeat of the meltdown crisis, and sustain oil interests, and corporate welfares in the backs of US taxpayers. Indeed, it tells a different story.