10-Nov-08

Robert Reich argues that the US needs to see more government spending to get it out of this quagmire.  The problem, as he sees it, is not the lack of credit. Rather, the problem lies with the lack of demand. Click here to read his assesment of it all: The Mini Depression and the Maximum-Strength Remedy. Robert Reich is the nation’s 22nd Secretary of Labor and a professor at the University of California at Berkeley. His latest book is “Supercapitalism.” +++++++++++++ A.I.G. May Get More in Bailout (NY Times) The Treasury Department and the Federal Reserve are nearing a deal … Continue reading 10-Nov-08