The Looting of America - Again?

“The Looting of America:
How Wall Street's Game of Fantasy Finance Destroyed
Our Jobs, Pensions, and Prosperity—and What We Can Do About It”
with
Les Leopold Executive Director, The Labor Institute

A Warning on Obamanomics
with
William Tabb, Prof. Emeritus of Economics, Queens
College & of Political Science & Sociology, Gradate
Center, City University of NY

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“The Looting of America:
How Wall Street's Game of Fantasy Finance Destroyed
Our Jobs, Pensions, and Prosperity—and What We Can Do About It”
with
Les LeopoldExecutive Director, The Labor Institute

Les Leopold has given an entertaining account of the growth
of the derivative market that supported the housing bubble
during the last decade, and offers useful recommendations
for avoiding the next bubble-and-bust. He is one of the few
observers to have understood how today’s crisis has roots
going back three decades, and to have seen how it connects
to the upward redistribution of income over this period.
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A Warning on Obamanomics
with
William Tabb, Prof. Emeritus of Economics, Queens
College & of Political Science & Sociology, Gradate
Center, City University of NY

Tabb asseses Obama’s economic strategy warning that thefinancial policy to bail out the big banks is costing so muchthat it will threaten job creation and infrastructure development.This is creating a situation which will lower living standards
and may recreate another economic crisis in 5-10 years .
The labor and other progressive social movements must speak out against these policies.