{"id":290,"date":"2011-08-06T20:08:56","date_gmt":"2011-08-07T00:08:56","guid":{"rendered":"http:\/\/blog.bmbs.org\/?p=290"},"modified":"2011-08-08T21:21:27","modified_gmt":"2011-08-09T01:21:27","slug":"pretty-clear-option","status":"publish","type":"post","link":"https:\/\/blog.bmbs.org\/?p=290","title":{"rendered":"Pretty clear option"},"content":{"rendered":"<p>Former Labor Secretary Robert Reich explains in plain English why the current Obama-Republican tack will lead to failure:<\/p>\n<p>He recently wrote:\u00a0 &#8220;The Fed has proven that almost-zero interest rates, even coupled with &#8216;quantitative easing,&#8217; has little effect. &#8230; Big corporations already have all the capital they need, as does Wall Street, and wealthy individuals. Smaller businesses and average people can&#8217;t get capital because banks are reluctant to lend. So monetary policy won&#8217;t and can&#8217;t work. What&#8217;s left? Fiscal policy. President Obama and the Democrats have to go to the nation with the truth \u2014 that we need a large fiscal boost this year and next.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Labor Secretary Robert Reich explains in plain English why the current Obama-Republican tack will lead to failure: He recently wrote:\u00a0 &#8220;The Fed has proven that almost-zero interest rates, even coupled with &#8216;quantitative easing,&#8217; has little effect. &#8230; Big corporations &hellip; <a href=\"https:\/\/blog.bmbs.org\/?p=290\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/posts\/290"}],"collection":[{"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=290"}],"version-history":[{"count":3,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/posts\/290\/revisions"}],"predecessor-version":[{"id":298,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/posts\/290\/revisions\/298"}],"wp:attachment":[{"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}