The job news has gone from bad to worse: 9.8 percent official unemployment. Far worse if you factor in those who’ve given up. And worse to come, we’re told.
Big voices are saying we’ve got to get much more radical in rescuing the American job market. But how do you get more radical than trillions in stimulus and TARP money — when a vast deficit already gapes?
This hour, On Point: Former U.S. Labor Secretary Robert Reich and chief TARP overseer Elizabeth Warren on the jobless recovery-- and rescuing the American job market.
You can join the conversation. Tell us what you think — here on this page, on Twitter, and on Facebook.Guests:
Robert Reich joins us from Berkeley, Calif. He was Secretary of Labor under President Bill Clinton and is now a professor of public policy at the University of California at Berkeley. His most recent book is “Supercapitalism: The Transformation of Business, Democracy, and Everyday Life.”
Elizabeth Warren joins us from Washington, D.C. She is a professor at Harvard Law School and chair of the Congressional Oversight Panel charged with monitoring the Troubled Asset Relief Program, known as TARP. She has written eight books and more than a hundred scholarly articles dealing with credit and economic stress. Her latest two books, “The Two-Income Trap” and “All Your Worth,” were both on national bestseller lists.
This program aired on October 8, 2009.