Barack Obama is accused by two economists of making the same mistakes that led to the Great Depression. The two men would prefer a return to good, old-fashioned market style capitalism.
Harold Meyerson, on the other hand, thinks a return to the policies of the New Deal would make a better America for our working class.
Robert J. Samuelson has some reflections on the state of American labor on Labor Day.
As for me, I have long believed that America cannot go on spending and borrowing and borrowing and spending, all the while outsourcing our manufacturing capability to China and other places. A day of reckoning will come.
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