Diagnosing America’s Ailing Economy

Diagnosing America’s Ailing Economy

The Nation‘s William Greider on the causes behind the economic crisis and the redeeming value in bank ‘stress tests.’

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The Nation‘s National Affairs correspondent <a
href=”/doc/20090504/greider”>William Greider
spoke with Democracy Now!
hosts Amy Goodman and Juan Gonzalez on May 5th. The veteran journalist
discussed the dangers of our military-driven spending, the rule of the
“governing elites,” the causes behind the economic crisis and the
redeeming value in bank “stress tests.” The tests, he says in the
interview, “will lead to a fundamental initiative because it leads to,
eventually, a general reform of the corporate income tax and that can
have deep impact on trade.” Greider is the author of Come Home, America: The Rise and Fall (and
Redeeming Promise) of Our Country
.

Madeleine Kuhns

Check out more great Nation videos on our <a
href=”http://www.youtube.com/user/videonation”>YouTube channel.

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