The highly esteemed economist, Robert Reich, clearly explains what some of our country's largest financial system problems are, offers a clear plan with well defined policy solutions, and presents this concise message to President Obama:
"We'll give you a mandate in your second term to raise taxes on the rich, including capital gains taxes, and put a tax on financial transactions, also, resurrect the Glass-Steagall Act, limit the size of big banks, and force them to modify the loans of millions of Americans who are now underwater; and invest in public schools and other infrastructure so that all Americans can prosper in this new economy."
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