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Great Depression

Debating Free Trade vs. Protectionism, Round One Replies

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Using a tariff to fix the economy is like performing a lobotomy with a spade--not the right tool.

The Missing Statesmen

Gary Hart | Posted 05.25.2011 | Politics
Gary Hart

Current circumstances -- which include the intense, constant, and insistent attention of the media, focused much more on flaws and shortcomings than on accomplishment -- discourage statesmanship.

What Does Good Financial Reform Look Like? And Where Is It Today?

Anna Bernasek | Posted 05.25.2011 | Business
Anna Bernasek

In response to the worst stock market crash in the nation's history, lawmakers in 1934 made a bold and inspiring decision to require full disclosure from publicly listed companies. It was the centerpiece of the SEC.

The Ten Wealthiest Financiers in America Are Not Worth $900,000 an Hour

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The time may come when the American people demand a modicum of financial justice and economic sanity. This would require something far beyond the current financial reform, which is basically a gift to Wall Street and hedge funds.

On Jobs and Teacher Bills, Some Democrats Ignore Economics and Politics 101

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

The GOP has done a good job promoting the "deficits are out of control" narrative. But Dems should realize that failure to pass measures that create jobs poses a much graver political danger to members -- and economic danger to the country.

Slaughterhouse '10: The Gutting of State and Local Government

Les Leopold | Posted 05.25.2011 | Politics
Les Leopold

If we could just get over our blinding hatred of unions and public sector workers, we might see that we do in fact have the money we need to rebuild our infrastructure and create a new green economy.

Change to Believe in or Focus for Hate-Mongering?

Leo W. Gerard | Posted 05.25.2011 | Politics
Leo W. Gerard

With their anger and vitriol, Republicans and Tea Partiers are banking on Americans rejecting health insurance reform. But their plan is in peril. Americans appear to be embracing hope and change in health care.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Kiss Your Middle Cl..ass Good-bye?

Les Leopold | Posted 05.25.2011 | Politics
Les Leopold

The financial reform bill Congress just passed won't protect us from economic chaos. Why? Because it fails to burst the mother of all bubbles -- Wall Street itself.

Obama's Possible November Surprise

Fernando Espuelas | Posted 05.25.2011 | Politics
Fernando Espuelas

As we head into the November mid-terms, Republicans seem poised for significant gains. But the increasingly positive economic picture could alter this dynamic.

It's Time to Hold Wall Street Accountable

Gerald McEntee | Posted 05.25.2011 | Politics
Gerald McEntee

The Senate needs to resist the efforts of Wall Street and their Republican allies and pass this legislation immediately. The debate has gone on long enough.

Mass Transit and a Public Works Pilgrimage to Hoover Dam

Joel Epstein | Posted 05.25.2011 | Los Angeles
Joel Epstein

Hoover Dam, transportation and Los Angeles -- for me it's all about well conceived infrastructure and a vision of what is possible.

Repeating History Brings Progress

Christine James-Brown | Posted 05.25.2011 | Politics
Christine James-Brown

For the first time in decades, I see a real chance for the foster care system to sizably shrink, but only if we have serious dialogues that lead to needed child welfare decisions.

A House Divided

Stephen Herrington | Posted 05.25.2011 | Business
Stephen Herrington

We have sunk too far and can't afford to open the spigots wider without recreating the same over leveraging problems that created the Great Recession.

Greece: How Bad Could it Get?

Dr. Philip Neches | Posted 05.25.2011 | Business
Dr. Philip Neches

Europe is learning that lesson. Perhaps instead of leading to the unraveling of the Euro and the EU, this crisis could solidify both.

The Art of the Steal: Betraying Dr. Albert Barnes and Future Generations

Michael Henry Adams | Posted 05.25.2011 | Style
Michael Henry Adams

Celebrated among aesthetes, the Barnes Foundation comprises a private collection groaning with manifold treasures among which are found African sculptures, Asian prints and Native American ceramics.

Middle Class Bailout: Celebrating Harry Hopkins' 120th Birthday with 4 Million Jobs by August 17th.

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

We bailed out the banks because of the risk their failure posed to the entire economic system. The systemic risk of unused and traumatized human capital is just as real and just as profound.

Survival Seed Bank Uses Apocalypse To Advertise 'Crisis Gardens' On Glenn Beck

Posted 05.25.2011 | Media

Glenn Beck's dwindling list of advertisers got a healthy boost Monday from Survival Seed Bank, a new advertiser peddling seeds to grow "crisis gardens...

Great Depression III

Dr. Philip Neches | Posted 05.25.2011 | Business
Dr. Philip Neches

Are we in a third Great Depression? I wondered back in 2005. The visible effect of an oncoming "Great Depression III" could already be seen in rising unemployment and under-employment rates.

Capitalism Is Dead, Long Live the Billionaire Bailout Society

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Is it still capitalism when bankers can "earn" a record $150 billion in bonuses during the worst financial year since the Great Depression, even though they caused the crash in the first place?

Elizabeth Warren and Goliath

Jim Wallis | Posted 05.25.2011 | Business
Jim Wallis

As Elizabeth Warren, a good Methodist, warns: The banks are trying everything they can think of to kill financial reform. And we must not let them do that.

The Tea Party Dumps Economic Populism: Where are the Progressives?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The lethal combination of Wall Street's economic domination and the Tea Party's hatred of all things government is likely to overwhelm most other progressive causes. We need our own movement.

States Can Pick Up the Stimulus Slack

David Segal | Posted 05.25.2011 | Politics
David Segal

States can't do traditional deficit spending. But they can do precisely what we need most: put bond measures on ballots that would create capacity-building, capital projects and put people to work.

Simon Johnson: Europe Risks Another Global Depression

Baseline Scenario | Posted 05.25.2011 | Business

The entirely pointless G7 meeting this weekend only served to underline the fact that Europe is again entering a serious economic crisis. At the end ...

Volcker Rules

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Obama's endorsement of what he calls the "Volcker Rule" for once puts him squarely on the side of ordinary Americans as opposed to the banking bandits who have so thoroughly fleeced the public.