With chronic unemployment at historic highs and personal savings in the tank, fewer and fewer Americans have the buying power that can pull the economy out of its deep ravine.
Call me old-fashioned, but I believe in the vital lessons of the New Deal. Many millions of good jobs must be created -- and that will require well-funded federal jobs programs on a large scale.
Trickle-down economics, relying on the tender mercies of powerful corporations, won't get it done.
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