ROBERT REICH'S INACCURATE ECONOMIC REPORTS
ROBERT REIC H -- INEPT ECONOMIC PREDICTIONS OR COVERING FOR PRESIDENT OBAMA AND HIS DYSFUNCTIONAL ECONOMIC ADVISERS? Recently, Robert Reich issued the statement below published as a meme in a Face Book group in which I'm a participant. Innocent people, who want to trust his advice because of his “status,” bought into his theory. I dissented because his opinion made no sense, was even a reversal of normal economic consequences of corporate actions. I even pondered if Reich was setting up a straw man for coming unfavorable economic news to protect President Obama and his economic advisers, whom I've long viewed as dysfunctional. The economic news of the last few days strongly suggest the latter. Reports today are that the GDP retracted 1% in the last quarter. There were indicators that this was coming. If some of us laymen saw it, why did Reich not know it? The recent retail sector reports are strong indicators of a downturn also. Did Reich not know this? Did h...