The California Federation of Teachers (CFT)—which represents a group of people who spend their days talking to small children with not-yet-fully-formed powers of reasoning—have just released a video explaining the economic crash. It’s called “Tax the Rich: An Animated Fairy Tale.”
It’s narrated, hilariously, by actor Ed Asner. It’s written by Fred Glass, who is the CFT communications director. (Glass was paid $139,800 in 2011 and is, ahem, not an economist.) And it’s paid for with the mandatory union dues which come out of the paychecks of California teachers whether they like it or not.