There Are Economic Storm Clouds Ahead (Robert Reich)

Business Insider ^ | 56-1-2013 | Robert Reich, Contributor

[Roccus]

For any who may have forgotten how this gnome thinks.

http://www.youtube.com/watch?v=JCp7U1f8lv8

Rangel’s thoughts on the middle class are also interesting.

[ex-snook]

Q. Where are the jobs?

A. Look at what you buy and you will see where they are.

[Huskrrrr]

So we need more Dems in Congress? Right, Shorty?

[nascarnation]

Remember when Rush had his tv show and used to make fun of “shorty” ?

[SVTCobra03]

This might be useful:

http://libertymastermind.us/

[seowulf]

robert reicccchhhhhhhhhhh is a communist and is responsible for much of our current economic debacle. reicccccchhhhhhhhhhhhh thinks we need to spend about 10 trillion more.

Robert the 1/3 Reich is just another corporatist/fascist like Krugman.

[BfloGuy]

Almost all the forward movement in the economy is now coming from consumers — whose spending is 70 percent of economic activity.

Oh, for Pete's sake. That is such an ignorant statement.

Consumer spending is 70% of the GDP equation because the GDP equation was designed specifically to illustrate Keynesian economic principles [and I use the word "principles" lightly]. GDP completely ignores business-to-business spending which comprises a larger share of the money spent in the economy than consumer spending.

Hard to believe but that's by design. Truth be known, business spending comprises roughly 40% of the economy in good times and consumer spending somewhat like 30%. The Keynesians claim that including business spending would be "double-counting". They're wrong. We're screwed.

[M Kehoe]

Almost all the forward movement in the economy is now coming from consumers...

Bob forgot to add the Fed and QE infinity.

5.56mm

[LibLieSlayer]

I have read his books and he is all that you say but he is a communist, one world order demon.

LLS

[Bon mots]

^{⬆ Click on the image above to see on the BLS's homepage.}