The productive elements of the US economy are caught between powerful financial interests, e.g., banks seeking speculative gains, political constituencies seeking entitlements and government entities at all levels whose budgets and deficits are too large compared to their revenues. All three factions...
Posted to
Hera
by
Ron Hera
on
Mon, Jul 19 2010
Filed under:
Filed under: Federal reserve, debt, GDP, Asia, Asian Tigers, China, central bank, Federal Budget, unemployment, Deindustrialization, Bailouts, Capitalism, Corporatism, Trade Deficit, Socialism, Totalitarianism, Offshoring, Outsourcing, Service Economy
An opinion piece at TPM Cafe by liberal economist Robert Reich - the Harvard (now Berkeley) econ. prof. who is a member of Pres. Barack Obama 's economic advisory team and was Labor Secretary under Bill Clinton - has caught my eye. In it, Reich correctly, on behalf of the American taxpayer, expresses...
http://freemmm.blogspot.com/2008/10/newly-created-position-ofs-office-of.html