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Robert Johnson (economist)
Robert A. Johnson is the Executive Director of the Institute for New Economic Thinking, a Senior Fellow and Director of the "Project on Global Finance" at the Roosevelt Institute, and regularly contributes to NewDeal 2.0 with his "FinanceSeer Column." He also formerly traded currency on Wall Street under George Soros.〔(Rob Johnson at Roosevelt Institute. )〕〔Paul Jay and Robert A. Johnson, ("Easier to Attack the Weak than the Wealthy." ) ''The Real News Network'', July 25, 2011.〕
==Economic analysis==
Johnson claims that unemployment and underemployment (idle labour resources) have led to lower tax revenues, which have led to a budget deficit problem for the USA government under George W. Bush and Barack Obama.〔Paul Jay and Robert A. Johnson, ("An Upside Down Economy." ) ''The Real News Network'', March 3, 2011.〕 He also cites the lack of a tax on richer Americans who have inherited wealth at birth or at a young age as another reason for this, in addition to the effects of government bailouts to large capitalist institutions in the years after 2008.
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