Robert Reich: Why we are going into a double dip Recession

[bigdarryl]

http://www.huffingtonpost.com/robert-reich/why-were-falling-into-a-d_b_600571.html

[flpoljunkie]

1. Deficit hawks wake up!

[Mimosa]

2. Robert Reich did a great job when Clinton was president

I wish Obama would hire him.

[FrenchieCat]

3. Yeah....during Clinton's 8 years,

they raised taxes, and gave us the Dot.com bubble,
then they deregulated wall Street....which is a big
part of why we are trying to fight our way out of a
recession now.

[cornermouse]

5. Not to worry.

Bush II did an excellent job of cutting taxes and shredding the safety net. I see Obama's also talking tax cuts and shredding the safety net.

...By the way, did you happen to notice the connection between cutting taxes and shredding the safety net as opposed to, say, raising taxes and using the money to help the less able and less fortunate? That (helping the less able and the less fortunate) used to be both a christian and a democratic value.

[dsc]

7. they didn't raise taxes that is a lie

unless you are speaking of the wealthiest 5% of Americans who did get a small tax increase. Everyone else, either got a huge cut via the earned income tax credit or were held harmless (ie no tax increase). To say Clinton raised taxes is a right wing lie and shame on you for repeating it.

[Nay]

8. IIRC, Reich resigned from the Clinton administration for some of those

very things. He always struck me as a straight shooter whom no one wanted to hear.

[IndianaGreen]

9. We all had jobs when Big Dog was President. We lost them under Bush.

And we are still without jobs, or underemployed, under Obama.

Bailing out Main Street should have taken precedence over Wall Street.

[neverforget]

10. Rubin and Summers had more to do with that crap than Reich ever did.

But now Summers is Director of Obama’s National Economic Council.......

http://www.bloomberg.com/apps/news?pid=20601070&sid=aN7MOt1sroPc

Former President Bill Clinton said his Treasury Secretaries Robert Rubin and Lawrence Summers were wrong in the advice they gave him about regulating derivatives when he was in office.

“I think they were wrong and I think I was wrong to take” their advice, Clinton said in an interview on ABC’s “This Week” program broadcast yesterday.

[midnight]

4. Does double dip recession mean a big depression? Time to get the money

out of the bankers vaults and spread it around like it was meant to be.

[elocs]

6. Posted here Friday morning:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x540061