If you haven’t already read the latest column from Robert Reich, you need to. It is the clearest and most succinct summary of what is going on with the economy that I have seen in while.
It’s all about what he calls the Big Lie that the Republicans are telling and the Democrats’ unwillingness to challenge them on it.
The Big Lie is that our economic problems are due to a government that’s too large, and therefore the solution is to shrink it.
The truth is our economic problems stem from the biggest concentration of income and wealth at the top since 1928, combined with stagnant incomes for most of the rest of us. The result: Americans no longer have the purchasing power to keep the economy going at full capacity