Former US Secretary of Labor Robert Reich: 'Obama Failed to Connect the Dots' -SPIEGEL ONLINE - News - International 1) We have got an unprecedented degree of concentrated income and wealth at the very top of our society. The top one-tenth of one percent of Americans now makes more than the bottom 120 million. 2) Courtesy of a grotesque opinion by the Supreme Court of the United States, we now have virtually unlimited money flowing from the rich and from corporations through secret devices that make it impossible to know who is contributing what to various campaigns and to advertising for and against various candidates. Such anonymous groups have spent more than $400 million on the latest election, according to estimates. 3) We have a broad electorate still unemployed or in danger of being unemployed, still in danger of losing their homes or already having lost their homes, still experiencing a major drop in their savings or their net worth. This frustrated and anxious population is easy prey to demagogues who will blame others for their problems rather than explain what needs to be done.
(tags: usa)