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I heard about Glass-Steagall last month on NPR via Robert Reich (http://marketplace.publicradio.org//display/web/2009/11/04/pm-reich/?refid=0&utm_source=feedbur
by ube 17y ago
I heard about Glass-Steagall last month on NPR via Robert Reich (http://marketplace.publicradio.org//display/web/2009/11/04/pm-reich/?refid=0&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+APM_Marketplace+%28APM%3A+Marketplace%29 http://marketplace.publicradio.org//display/web/2009/11/04/p...)
It sounds like a better approach then many regulations that lead to very little.
- TheElder 17y agoThis Robert Reich? http://www.youtube.com/watch?v=opxuUj6vFa4 http://www.youtube.com/watch?v=opxuUj6vFa4 http://www.youtube.com/watch?v=nT1TkLgfinE http://www.youtube.com/watch?v=nT1TkLgfinE
- kissickas 17y agoUnfortunately, even if I do agree with you that Robert Reich is a racist, that is an ad hominem argument and I don't see how his racism would have a strong influence on his view of the Glass-Steagall Act.
- credo 17y agoThe unemployment rate among non-Asian minorities is much higher than that of the rest of the country (e.g. Nov African-American unemployment rate is 15.7%) Are you suggesting that Reich is a racist because he sees this as a problem and wants to ensure that African Americans and Hispanics get employment opportunities ?
- spamizbad 17y agoIf you think it's racist then you must have skipped the history lesson on The New Deal whereby, in an effort to secure the votes necessary, they (House/Senate) basically had to promise key members that the recovery would touch the "right" people. The right people in this case being white males. Blacks, Asians, and Women of all races were largely cut out of the New Deal unless hiring them was a necessity due to lack of able-bodied white men. Whenever economists speak of jobs programs for everyone, not just "white male construction workers", this is what they're eluding to.
- kissickas 17y agoThank you, I did not know that.