Scary Economics 101

"Introductory economic courses explain that aggregate demand is made up of four things, expressed as C+I+G+exports. C is consumers. Consumers are cutting back on everything other than necessities. Because their spending accounts for 70 percent of the nation's economic activity and is the flywheel for the rest of the economy, the precipitous drop in consumer spending is causing the rest of the economy to shut down." -- read more of Robert Reich's theory on our economic woes and solutions

Another good argument for putting the masses to work on that metaphoric great pyramid. The people are going to need good work before they start spending again.