Marektplace comentator James Galbraith explains in Tuesday’s show how this will be a longer and deeper recession than previously thought and many economic indicators may have been manipulated to hide the recession’s true nature prior to November 5. Galbraith reminds us that things were rather similar 20 years ago, when unemployment rose over 10% and Democrats took control of congress from a far-right conservative president. History did not repeat itself, yet.
Take a moment to listen to the RealPlayer stream here.