Bill Black: Deficit is Dropping but is there a Real Recovery?

William Black: With surge in stock market, the wealthier are paying more taxes but working class wages are not rising and unemployment remains high, so this does not mean a sustained recovery of the real economy is underway


The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of how exporting the manufacturing industry to poor countries like bangladesh actually costs more and not less , and how Obama is leading us to more austerity and that austerity is a disaster , Bill Black is the author of "The Best Way To Rob a Bank is to Own One"