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WASHINGTON — Amid growing fears of economic recession or worse, America’s workforce is struggling to cope, and neither the recently-passed stimulus package nor the Federal Reserve’s rate cuts will fix what ails the nation’s shaky situation, said former Secretary of Labor Robert Reich. “None of these fixes will help much because they do not deal with the underlying anxieties now gripping American voters. The problem lies deeper than the current slowdown and transcends the business cycle,” Reich wrote recently in The Financial Times. Now a professor of public policy at the University of California at Berkeley and author of Supercapitalism, Reich contends that beyond the big picture of Wall Street’s ebbing stocks and its banks’ growing losses on subprime mortgage bonds a greater malaise has finally hit America’s middle classes–with nothing less than an alarming thud.

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