The current collapse of our economy is the result of many countries joining a world economy. WE will not get out until we tackle this with vigor and might . “The Way Forward” suggests 1. 1.2 trillion dollars spent on revitalizing and build infrastructure 2. mortgage debt must be restructured for all who need it etc, Sobering! requiring guts, intellect and leadership, Currently lacking from our political leaders and candidates.
The report was commissioned by the New America Foundation, authored by Daniel Alpert, a managing partner of Westwood Capital; Robert Hockett, a professor of financial law at Cornell and a consultant to the New York Federal Reserve; and Nouriel Roubini, whose consistently bearish views have been consistently right. It is scheduled to be released on Wednesday
Reviewed by Joe Nocera yesterday in the NYTimes .Op-Ed Columnist This Time, It Really Is Different By JOE NOCERA Published: October 10, 2011
http://newamerica.net/publications/policy/the_way_forward
The Way Forward: Moving From the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness
- By Daniel Alpert, Westwood Capital; Robert Hockett, Professor of Law, Cornell University; and Nouriel Roubini, Professor of Economics, New York University