Robert Reich: We’re now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn’t have enough purchasing power to keep the economy going.
Andrea Nill: As Tyler Falk of Grist points out, there’s something seriously wrong with the fact that “British Petroleum can legally come to the Gulf and devastate an entire ecosystem and the economy it supports, but when “illegal” immigrants come to clean up the mess, they are treated like criminals.”
The core problem we face is not access to capital. The Treasury has already flooded Wall Street and the banking system with money, committing nearly $350 billion; the Federal Reserve Board has exchanged Treasury bills for some $2.2 trillion of troubled assets; other agencies, such as the FDIC, have guaranteed trillions more. But there has [...]