What a load of Keynesian crap.

Too bad Reich doesn't get it.

If smallpox breaks out, the terrorists bring another city to it's knees, or terrorism is unleashed on our food supply, the whole world will suffer.

You cannot detach the terrorism in American from the world economy.

Terrorism must be fought in order to prevent a world wide depression of the global economy.

When American fails economically, so does the world.

Robert Reich is an extremely difficult person to read because he tries his best, but gets just close enough to the target to be dangerous. He has his entire career. He talks about governments running deficits by spending more and taxing less. If you ever get him to speak plainly, he is likely to tell you he doesn't believe the second half of that equation. Certainly, he could never agree that tax cuts should be permanent.

Governments spending money is not a bad thing. Deficits run for the right reason aren't bad things. If the governments spend on things they are supposed to do, there isn't any long term harm. Governments can build roads (or any capital improvement). They can provide for the common defense (sounds almost constitutional). They can provide true security.

Otherwise, for long term stability, the government should stay as far out of peoples lives as possible. That means minimizing taxes. This idea is anathema to Reich.

If you listen to him in life, you must know that he thinks people with more assets get something "surplus" and stick it in a mattress. That is an amazing thought for a guy as high up in Gov't financial planning as he was.

Lowering interest rates and lowering taxes will do more over the long run to make things work, both in the US an in the world, than anything else.

It is also imperative that the terrorists be killed, as many and as fast as possible.

The answer is, "cut taxes and reduce the burdensome regulations". Then the US economy will rebound.

What a load of Keynesian crap.
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I wanted to post this exact same line.....
...but I don't know how to spell 'Keynesian'.

Death To The New World Odor !! !!

There is a Global Recession which is receding at a great pace.

Mr. Bill Clinton's Reich man sees only the demand side of the equation. The supply side needs attention at the same time.

Either way, IT MUST BE DONE QUICKLY.

LA Times = " All the Lies all the Time"

Of course he wants the whole world to debase their currency like the US is now doing. That is because if they don't, the dollar has come to it's world currency reserve timeline.

The Europeans now have the upper hand. They might drop interest rates a little, but they will crush the dollar in time.

The outcome is hyperinflation coming soon. The Euro will soon be the next world reserve currency. When oil begins to trade in Euros, the end is near.

Sounds like a new world order to me....

The Europeans now have the upper hand. They might drop interest rates a little, but they will crush the dollar in time.

Is this your pitiful little hope?

There's no evidence to back this up, I see.

Hyperinflation? What an ignorant proposition. If anything, deflation is the major concern.

$EU 1.00 is now equivalent to $US 0.89

Has there been any movement lately? When will we see movement? Use geological time scales if necessary.

??Do the Al Qaeda Networks own/control all of the Airport Security Firms at U.S.A. airports?? The 'spin' is the term, 'international' ownership, rather than the true and clear reality that it's 'foreign' ownership!! ??How can American security be totally CONTROLLED/OWNED by FOREIGN OWNED companies?? This truth is being 'buried' by the airports, press, and government. Just who OWNS American Airport Security?? Names please!! Details please!! Why this whole coverup?? FBI-CIA-NSA-.....and, "DIA"......fess up!!

Watch and see. I told you when, the oil trade will first begin to accept euros and dollars, then will shift only to euros. There is no way out of the hyperinflation trap unless all nations convert to dollars. That would only delay the inevitable outcome. There is a reason that our constitution requires only gold and silver to be used as money. When we went off that part of the constitution the future of our economy was set.

I agree. I can't quite see how the Euro would suddenly take over from the dollar. If anything, they will go down together, with the Euro falling faster. Deflation is more of a threat, indeed. Look at the Japanese experience.