Labor Union Blog

Even as the Senate takes up the $150 billion House-passed economic stimulus bill, a leading economist says much more will be needed to address the fundamental problems of the U.S. economy.

The weak dollar, the risk of rising inflation, the reality of global warming and the need to pull the economy out of the most serious credit crisis since the 1930s will take the kind of activist government not seen in 40 years. To reverse the 30-year trend of increasing inequality and insecurity, and to repair the deep damage to the financial system, Roosevelt-scale remedies and Roosevelt-style ideological clarity will be required: serious public regulation and serious public outlay.