robertreich:

Repeat after me: Workers are consumers. Consumers are workers.

We’re slouching toward a double dip, and the stock market is imploding, because consumers – whose spending is 70 percent of the economy – have reached their limit.

It’s not just the jobless who can’t spend. It’s mainly people with…

This is something that I was trying to explain to people for several years now. It’s so simple, I don’t understand why people don’t get it.