Reality hits US economy

“The splurge is over, folks. As the days of easy money come to an end, what will America look like? Maybe we’ll see a recession in the short term, but more importantly over the long term: the American middle class will have a truer understanding of what it can and cannot afford; a truer sense of what’s really happened to its paychecks; and a more realistic view of where and to whom the economic gains of the last dozen years have actually gone.”

Robert Reich has a blog. Reich was Secretary of Labor under President Bill Clinton. He’s Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations.

As the dollar falls, the expert looks to export from the USA. Search for USA product.