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OpEdNews Op Eds    H3'ed 11/15/18

The Next Crash

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But Trump's real contributions to the next crash are his sabotage of the Affordable Care Act, rollback of overtime pay, burdens on labor organizing, tax reductions for corporations and the wealthy but not for most workers, cuts in programs for the poor, and proposed cuts in Medicare and Medicaid -- all of which put more stress on the paychecks of most Americans.

Ten years after the start of the Great Recession, it's important to understand that the real root of the collapse wasn't a banking crisis. It was the growing imbalance between consumer spending and total output -- brought on by stagnant wages and widening inequality.

That imbalance is back. Watch your wallets.

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Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at www.robertreich.org.

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