Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.

A former reporter and editor at the Washington Post Greider is credited with coining the term "Nader's Raiders" in a Post article dated November 13 1968. the broad public.

His most recent (2009) book is Come Home America: The Rise and Fall (And Redeeming Promise) Of Our Country. Greider also wrote a book on globalization -- One World Ready or Not: The Manic Logic of Global Capitalism (1997) -- which suggested vulnerabilities and inequities of the global economy.