i like stories

Robert Reich: A Thanksgiving Reflection: Looking Beyond Election Day

robertreich:

Most political analysis of America’s awful economy focuses on whether it will doom President Obama’s reelection or cause Congress to turn toward one party or the other. These are important questions, but we should really be looking at the deeper problems with which whoever wins in 2012…

“In political terms, both [Occupy and the Tea Party] are deeply suspicious of the Federal Reserve and want it to be more transparent and accountable. Both are committed to ending “corporate welfare” — special tax breaks and subsidies for specific industries or companies. And for both, Washington’s original sin was the bailing out of Wall Street.”

“The jobless rate among people under 25 is already over 17 percent. For young people of color it’s above 20 percent. For young college grads — who assumed a bachelors’ degree was a ticket to upward mobility — unemployment has reached 10 percent. ”

whauuu