Laura Flanders of The Nation interviewed Robert Pollin, author of the new book, Back to Full Employment. Pollin believes the Federal Reserve could take the lead in cutting unemployment by getting more money into the economy. His view goes against the experts who want to “cut, cut, cut” [everything except the military]. I like what Pollin is saying, but it sounds too easy [and too good] to be true. Our politicians and their rich patrons want to strip government and let working people fend for themselves. In this environment, I don’t see how a great plan like Pollin’s will ever get off the ground. I hope I’m wrong.
The Chicago Tribune reports that President Obama is promoting a 30 billion dollar lending program to help small businesses. This program seems to offer two big benefits. First, it will help small business, which generate 65% of all new jobs. Second, the money will be distributed through smaller banks (assets of $10 billion or less).
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