t r u t h o u t | Robert Reich: "The Mini-Depression and the Maximum-Strength Remedy"

[excerpt] ... The real problem is on the demand side of the economy. Consumers won't or can't borrow because they're at the end of their ropes. Their incomes are dropping (one of the most sobering statistics in Friday's jobs report was the continued erosion of real median earnings), they're deeply in debt, and they're afraid of losing their jobs. ... More at t r u t h o u t