So where does that leave us? Nowhere. Or perhaps it's even worse than that. Many in the public backed the reforms including protections of consumers. And they think the reforms are being enacted. However, when the next market crash occurs, as many insiders increasingly fear it will, the gullible majority of us will realize how they were played. But by then it will be too late.
So, are we stuck on this roller coaster ride into the apocalypse?
The problem is that while many see this illogical system for what it is: intricately sabotaged from within -- the additional reality is that said system is set up to make it almost impossible to stop the approaching train wreck. The press is out-to-lunch and largely missing, and few people comprehend the gravity and severity of what is about to happen.
To tackle these weaknesses we must somehow break finance's stranglehold over the economy and boost ordinary families' spending power and cut their reliance on debt. But can we break finance's stranglehold over the economy if these issues can't even displace the sex scandal of the week as the real threat to our future? Can we identify and stop the saboteurs in time?
Robert Reich has some answers and some suggestions
Reich cogently explains why the president must come up with demand-side solutions, and not go over to "the supply side."
"I am concerned about the fact that the recovery that we're on is not producing jobs as fast as I want it to happen," President Obama said Tuesday, amid the flood of bad economic news, including a recent and very alarming jobs report.
In response to this presidential announcement, Reich poses an irreverent question-and-answer: "Does this mean we're about to see a bold package of ideas from the White House for spurring growth of jobs and wages?" He then answers: "No it does not."
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