Not just the right wing plutocrats, but both parties now focus on cuts to solve the deficit and debt problem.Guest on this show is Roosevelt scholar David Woolner who points out why the opposite is needed: America should spend much more to stimulate demand and thus raise more revenue. That is the only approach that will work.
Both FDR and Obama faced some similar challenges; FDR took a stand for the common good in opposition to what he saw as the short term greed of the “economic royalists,” while for many reasons, Obama and today’s Democrats are more accomodating. Woolner insists that approach will not address our economic realities. Huge income disparities are not only morally wrong, he argues, but are economically counterproductive as well. A stimulating discussion.