Reich: Raise interest rates!

Yes, you heard me right. Former Labor Secretary Robert Reich says raising U.S. interest rates might be part of what’s need to make the “Wall Street recovery” into the “Main Street recovery.”

Of course, Reich should recognize that President Barack Obama cares little more for bottom-up Main Street recovery than did Reich’s old boss, Bill Clinton.

(When the Slickster “fulminated” about how his presidential program was captive to the bond market, at the start of his first term, he was pulling off his first great presidential acting job. He knew Jackson Stephens too well from his time in Little Rock to really be that surprised.)

And, Big Ben Bernanke probably never learned the biggest lesson from his study of the Great Drepression, and that is that we didn't get too much recovery then, either, until it got to Main Street.