Op-Ed Contributor - How to End the Great Recession - NYTimes.com

Op-Ed Contributor - How to End the Great Recession - NYTimes.com
This is one of the most clear explanations of the financial mess that we are in, and how to get out of it...
The author ROBERT B. REICH says "In the late 1970s, the richest 1 percent of American families took in about 9 percent of the nation’s total income; by 2007, the top 1 percent took in 23.5 percent of total income. "..."Policies that generate more widely shared prosperity lead to stronger and more sustainable economic growth — and that’s good for everyone. The rich are better off with a smaller percentage of a fast-growing economy than a larger share of an economy that’s barely moving. That’s the Labor Day lesson we learned decades ago; until we remember it again, we’ll be stuck in the Great Recession."