Wednesday, April 8, 2009
Robert Reich was Secretary of Labor under Bill Clinton, and is an economics professor at U.C. Berkeley.
Reich has every incentive to paint a rosy picture of the economy, because:
So it is news that Reich, citing the real unemployment numbers (called “U-6”) says we’re already in a depression:
This is still not the Great Depression of the 1930s, but it is a Depression.
This article was posted: Wednesday, April 8, 2009 at 4:18 am