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Roberts shares his views with listeners on the Progressive Radio News Hour (PRNH). So does political economist Jack Rasmus . His analysis is cutting-edge. In early April, his newest book's due out titled, "Obama's Economy: Recovery for the Few."
It covers analysis he gives PRNH listeners. He's next scheduled on Saturday, March 31 at noon US Central time. Listen live or archived for his latest economic views and discussion of his new book.
It explains that after trillions thrown at Wall Street, trillions more for imperial wars, and more still in fiscal stimulus (largely for corporations and rich elites), America's economy remains mired in trouble.
At the same time, equity markets more than doubled. Corporate profits hit record highs. CEO pay, bonuses, and stock options are obscenely high, especially for crooked banksters.
At the same time, corporate giants hoard cash and barely loan. Nearly 25 million are unemployed or underemployed. Economist David Rosenberg believes 30 million heading higher.
Home foreclosures exceed 12 million. Many more are coming. Another 15 million homeowners struggle underwater with negative equity. Income levels for 80% of households are stagnating, while state and local governments slash payrolls by hundreds of thousands, cut services, and raise taxes.
Rasmus faults wrongheaded administration, congressional, and Fed policies. Economic growth is illusory. High unemployment and poverty levels explain best.
Rasmus' book followed his 2010 one titled, "Epic Recession: Prelude to Global Depression." Both used reliable data excluded from mainstream discussion. It's bad and getting worse. Expect harder than ever hard times.
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