A small group in the Loop protested against Wall Street's so-called corporate greed today. Meanwhile, it's another extremely volatile day for the markets. Elizabeth Brackett and her panel look at the economy, and talk about whether or not we're inching closer to a double-dip recession.
What will it take for the economy to start improving? Post your comments below or sound off on our discussion board!
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Comments
Unfair Time for the Corporate Econmists
I am quite disappointed at the Chicago Tonight panel discussion. You have booked 3 economic experts from the corporate class vs. one professor that represents the views of the middle class. While I would overlook the booking of two corporate representatives vs one, I can't overlook three vs. one.
Thank you Ed Stuart for speaking the truth about the devastation of the working people.
Econ
I am disappointed that this discussion ignored THE actor that could and should step-up to get us out of the recession. Business is doing all it can by reacting properly to their environment. The FED is the best actor we have but it is a fine-tuning instrument that has tried help-out way-beyond-the-call. The FED has tried to over-compensate for the non-performance of THE ACTOR who is responsible for (and capable of) pushing the U.S. (and most of the rest of the world) out of our recession. That actor is the U.S. Congress. Meanwhile, the congress is tilting at the non-issue of the gov't. debt. Given current conditions, the federal debt is not too high, it is far too low.
what is a fair share
I am always at a loss at understanding what many pundits mean by the word "fair" or "fair share". What is a fair share of taxes? No one seems to define that. Is it raising taxes until it covers current spending which is at its highest percentage to GDP ever... what about what people get for those taxes that they pay.
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