Mood: not sure
Now Playing: A 20 min video about the economy by Robert Reich
Topic: Economy and Labor
Globalization and automation undermined mindless work
Robert Reich is a professor of economics at UC Berkeleyand former Labor secretary under Clinton. Many of his articles are available at www.truth-out.org
"We are nearly at the end of our coping mechanisms.. Globalization and automation undermined mindless work.. We deregulated and privatized according to the myth of trickle down.. The top 2% don't need a continuance of the Bush tax cuts..
Consumers don't have money..
Wall Street should help distressed homeowners and small business.. TARP was another example of trickle down that doesn't.. From 1947-73, the economy was working for everyone.."