Learn What’s Wrong With The U.S Economy In 135 Seconds

Frustrated by conflicting media stories about what’s wrong with the U.S. economy? Think you need an advanced degree to decipher the jargon and political double-speak? Think again.

Former Labor Secretary Robert Reich told MoveOn.org he could explain the problems with the economy in less than 2 minutes, 15 seconds. So they gave him a shot, and he did it (with illustrations to boot).

Watch Reich Connect The Dots

Related Reading:

Stimulate The Economy By Forgiving Student Loans?
Finishing The Climate Fight: For Our Environment, For Our Economy
Poll Shows Obama Is Bad On Economy, But Voters Will Reelect Him Anyway

Image Credit: Flickr - notionscapital

99 comments

Quanta Kiran
Quanta Kiran4 years ago

Thanks.

Tim Paich
T P5 years ago

Reshaping the World

http://www.care2.com/c2c/group/Reparing

http://www.thepetitionsite.com/1/ridiculous-gas-prices-costing-driving-lessons/

http://www.gopetition.com/petitions/stop-ridiculous-gas-prices.html

http://www.change.org/petitions/reshape-the-world-to-improve-our-lives

[This is the most important on my activist network. There are high gas prices that affect things but also the economy in the worst shape it’s ever been in. There are also driving schools on waiting lists as of the economy in bad shape as there had to be cuts on things. This isn’t all political or undoing the damage of the Bush/Cheney administration. Let’s take action on this one. We are in the worst times of the unemployment rate being high. We kind of saw coming in 2007 the economy going in the worst shape as cuts on things have started along with businesses having to cut short on employees. We kind of saw it coming soon that the economy is in the worst shape and we also need to take responsibility for our own actions.]

My petition needs 1,000 signatures at least. YOu could share this with people you know to sign my petition.

Paul B.
Paul B.5 years ago

After reading all these posts, maybe we can say that the problem with our econmy is two words. Power and greed. The government, corporations, and even the people have mostly become greedy, self-centered, hands out "what is in it for me" attitudes. Politicians only seek re-election, corporations seek more profits and CEO pay-outs, americans sought to feed at government coffers. Politicians make promises to the wanting public, in collusion with big business who buys legislation for self interests, in return for expanding entitlements, corporate donations, the politician (the middle man) gets re-elected, the corps get richer and the poor contiue to get their ever expanding perks. It is a racquet, an unholy alliance of corrupt politicians, big corps and the almost 50% of americans who feed at the government trough.

It will never end until we remove the power government has to regulate industry, picking winners and losers, reward political cronies, and enslaving the poor. We must learn to create an equal opportunity market system, where businesses can compete against the well-connected international corporations. Politicians must be held accountible for their spending, voting, and corp associations.

Obama is raising $1 billion for campaign re-election. How many big business/corporate favors has promised to raise that kind of money. He said, "no more special interest influence in DC" but yet, once again, you must look at WHAT he does, not what he says. Hypocrit in-chief.

Eric Lees
Eric Lees5 years ago

I agree with susan twentyeight and Diane O. We must end the FED, they have been stealing from this country for nearly 100 years.
@ James The government along with the FED created the bubble not the Free Market. It was over regulation and then bailing out Wall Street that made things worse. We would be on a road to recovery if the government and FED stayed out letting the bad banks fail. Instead we have bigger too big to fail zombie banks, nothing has been fixed only delayed.
Our government discourages businesses from growing or expanding in the US even taxing them if they wanted to bring foreign earnings back to invest in America. Increasing taxes and regulation will only accelerate the downfall of America.

Yes CEO pay is out of control but that is a separate issue. There pay should be based on company profits not share prices, but that's not an issue for the government to control.

Sound Mind
Ronald E.5 years ago

Diane O, since YOU don't watch Fantasy Faux you are getting all these "fantasy facts" second hand! Even more distortion, I would add.

Diane O.
Diane O.5 years ago

Susan TwentyEight, you've got it right IMO. Ron Paul says "get rid of the federal reserve!"

Charles Wallace
Charles Wallace5 years ago

@James E: "The only salaries that have not been flat or stagnant are those of the CEOs and upper management level executives. Corporate profits are at an all time high, setting records as a matter of fact. Large corporations have record amounts of cash on hand."

You are 100% right, James! If the corporations won't free up some of that cash to create jobs, we should tax them more, and use THAT $ to create jobs.

Robert Hamm
Robert Hamm5 years ago

Again


Taxes are LOWER in this country than they have EVER been since WWII. This idea that taxes have anything to do with jobs is simply laughable.

Companies were making profits when out taxes was double what it is now. This crap is a red herring.

susan twentyeight
Past Member 5 years ago

I'll do it in 2: Federal Reserve. (stopping timer).

DH F.
Diane H F.5 years ago

What is wrong: Over 50% of the budget goes into only two things, and that is truly unprecedented. We've spent 30-some years draining the budget on wars and on tax cuts for the rich/corporations. The rich stash most of this money (or, increasingly, invests it in foreign countries), while corporations have used the lion's share of their handouts to build factories and offices around the world, exporting American jobs. Combined with several social policies, this has pulled down wages, crushed unions and has made jobs increasingly scarce in a country without an entitlement to poverty relief (this latter point results in deeper, permanent poverty). The nation's wealth has steadily been redirected, taking it out of the general economy and putting it into the bank accounts of the few. As America grows poorer, consumer demand shrinks, leading to more job loss, and this cycle will continue until the US collapses or changes course.