Monday, August 09, 2010

Reich: "Greenspan, Rubin, and Herbert Hoover" (with video)

Robert Reich with video (04:37):
Herbert Hoover's disciples are making noises even as America moves closer towards a double dip recession.

Fed Chair Alan Greenspan tells the New York Times all the Bush tax cuts should expire as scheduled, even those that benefit the middle class and not the rich. His reason: the nation's looming deficit requires it.

On Sunday, former Treasury Secretary Robert Rubin, appearing on CNN, says any further effort to stimulate the economy would be "counter productive," and that policy makers instead should craft a deficit-reduction plan. MORE...
Howie P.S.: A lighter moment---"Conan OBrien and Former Secretary of Labor Robert Reich video."

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