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Economy stuck in first gear
By Robert Reich

RARELY IN HISTORY has the cause of a major economic problem been so clear yet have so few been willing to see it.
The major reason this recovery has been so anemic is not Europe’s debt crisis. It’s not, as right-wing economists tell us, because taxes are too high on corporations and the rich, safety nets are too generous to the needy, and regulations on business are too onerous. It’s not even, as some liberals contend, because the Obama administration hasn’t spent enough on a temporary Keynesian stimulus.

Tuesday, June 26, 2012 2:17 PM
 

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