What Will Real US Economic Change Look Like? The Real Network go to original
Downturn and record high deficit mean next Prez must protect Americans from 'vagaries of the market'
The new US national deficit numbers announced this week, a record high, were the latest sign of an economy in decline, with foreclosures rising, home prices falling, soaring energy prices and nearly a half-million jobs lost since January. Democratic presidential hopeful Barack Obama, met with more than a dozen economic advisers in Washington, DC. Obama's economic team includes deregulators Paul Volcker, Robert Rubin and Paul O'Neill. TRNN speaks with economist and author Ellen Frank: "it's not clear that these are the people that are going to lead us to a new regulatory environment that can prevent some of the problems that we're living through right now". Bio: Ellen Frank, Associate Professor of Economics at the University of Massachusetts, Boston, a member of the Dollars & Sense collective. She is the author of The Raw Deal: How Myths and Misinformation about Deficits, Inflation, and Wealth Impoverish America, was published in 2004.
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Editorials | Issues | August 2008 
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