Via JMG: Robert Reich: Why We're Falling Into a Double-Dip Recession

AP

Robert Reich: Why are we having such a hard time getting free of the Great Recession? Because consumers, who constitute 70 percent of the economy, don't have the dough. They can't any longer treat their homes as ATMs, as they did before the Great Recession. So what's the answer? In the short term, more stimulus -- especially extended unemployment benefits and aid to state and local governments that are whacking schools and social services because they can't run deficits. But the deficit crazies in the Senate, who can't seem to differentiate between short-term stimulus (necessary) and long-term debt (bad) last week shot it down. Click here to read more.