The middle class isn't spending because the values of their homes have plummeted, they've lost much of their savings, and their wages are dropping. Reich argues that Obama has a way to correct this, or at least not make it worse.
Mitt Romney and Barack Obama are both banking on negative campaigning to get elected. But neither Mitt Romney nor the President are offering any new or bold ideas for rescuing the worst economy since the Great Depression.
The recovery has been slow, but not because of Europe's debt crisis, Wall Street, or high taxes. American consumers, whose spending is 70 percent of economic activity, don’t have the money to buy enough to boost the economy.
The deal at the heart of the American economy is that employers pay their workers enough to buy what employers are selling. When we forget that–as we have over the last decade–the trouble starts.
Tonight’s Republican debate may attract lots of viewers. It need not capture their minds.