Illusions and Delusions About the U.S. Economic Picture

What will it take to strengthen America's 'real economy'?

Former John Edwards campaign senior economic advisor and telecom executive Leo Hindery understands better than most the difference between the needs of Wall Street and the needs of average Americans on Main Street. Looking at the subprime crisis as a symptom of a long history of economic mismanagement, Leo Hindery will argue that recent calls to change the regulatory bureaucracy in Washington are at best a band-aid. Rather, the American economy needs a long-term strategy to build a new edge in tradable goods and services to rebuild our middle class with high-wage jobs and reduce our massive trade imbalances.

Category:

News & Politics

Tags:

• Economy
• Growth
• Wall
• Street
• Financial
• Social
• Contract
• Middle
• Class
• Trade
• Mortgage
• Crisis

[zassounotsukushi]

This is a really good evaluation. People write off the recession so easily, but the truth is that there are clear directions we've been taking that have caused the situation. The situation itself isn't the end all be all, but if the roots causes can't be addressed, things will continue to get worse.

The economy is my biggest voting issue btw.