Reich’s latest cartoon does a good job of describing the changes in the US economy, weaker on the underlying political campaign by the rich and corporations to restructure the economy to their benefit. Worth the 6 minute viewing time.
New evidence of how big money works has turned up last summer in the WikiLeaks dump of Democratic National Committee emails. Included are an exchange between John Podesta, Co-Chair of the Obama Campaign in 2008 and later Obama’s Councilor and John Froman who was working at Citibank at the time of the emails and has held positions at Treasury and elsewhere.
President Reagan was not the originator of this central trope of free-market (neo-liberal) politics, but he famously said in his first Inaugural Address in 1981, “Government is not the solution to our problem; government is the problem.” President Clinton, a Democrat, continued this theme during his terms culminating the the deregulation of the financial industry…
