A day in the life of Julia

Robert B. Reich, secretary of labor under President Clinton and professor of public policy at UC Berkeley, argues that the true debates over the stimulus package are still to come. Conversations must take place to decide what spending will be continued once the economy begins to recover. As Reich sees it, there are cyclists and there are structuralists. Cyclists believe the stimulus to be a desperate measure for arresting the plunging business cycle. Structuralists, however, see the stimulus as the first step to addressing flaws in the economy’s structure. While spending cut-backs are a ways away, understanding the cause of the economy’s turmoil must be addressed and identified immediately.