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Reich says we need more than temporary band-aids to strengthen the economy over the long-run

Post on February 15, 2008 by Comments Off

 
Robert Reich had a great op-ed in the New York Times on Wednesday that deserves a read.  He argues that addressing the growing income inequality gap is the only true way to stimulate the economy, especially over the long-term.  His case is compelling, particularly to those of us interested in finding and fixing root causes rather than putting band-aids on problems. 

His suggestions include increasing the wages of the bottom two-thirds of Americans, significantly expanding the Earned Income Tax Credit, strengthening our unions, and providing better educational opportunities to our low- and moderate-income children.

This is not to take away from the benefits of the short-term stimulus package signed this week- they are a start- but in general, we need better long-term thinking and solutions. 

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