[GPSCC-chat] Why Recession is so bad

[Gerry Gras]

Here is an article by Robert Reich that, IMO, is a
good statement about why the economy is still doing
poorly.  It boils down to:
- the rich have nearly all the money
so
- the rest have little to spend
so
- there is less consumption demand
so
- business sales are down
so
- businesses have no motivation to hire
so
- the rest have little to spend
so
...

Unfortunately, there is nothing here about
WHY there is such large inequality.  He
may have done so elsewhere, I don't know.
I think it's about the "legalized bribery"
of Congress.  And maybe that needs to be
dealt with before real recovery.

On the other hand, an improved economy
would also increase fossil fuel consumption
and CO2 production ... So what are you going
to do?


"Why This is the Worst Recovery on Record"
http://robertreich.org/post/48047982332

Gerry