New York Times columnist Bob Herbert nails it.
He wrote:
"Working families were in deep trouble long before this megarecession hit. But too many of the public officials who should have been looking out for the middle class and the poor were part of the reckless and shockingly shortsighted alliance of conservatives and corporate leaders that rigged the economy in favor of the rich and ultimately brought it down completely.
"As Jared Bernstein, now the chief economic adviser to Vice President Joseph Biden, wrote in the preface to his book, 'Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries)':
"'Economics has been hijacked by the rich and powerful, and it has been forged into a tool that is being used against the rest of us.'"
Read it here.
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