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Great Recession

There's No Difference Between Democrats and Republicans

Stephen Herrington | Posted 05.25.2011 | Politics
Stephen Herrington

Now is the time to bury conservatism for another 75 years. It is not a time to complain about how much the Democrats are under the thumb of corporations.

What a Second Stimulus Should -- and Shouldn't -- Look Like

David Sirota | Posted 05.25.2011 | Politics
David Sirota

Sure, it's great that the president is talking about spending $50 billion on infrastructure. But when $50 billion is put up against double that amount in corporate tax cuts, it seems the administration's priorities are all screwed up.

Why the Big Lie About the Job Crisis?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

It's time to say "the end" to the "We're all to blame" fairytale. Let's start a new story this Labor Day. It's called, "Put our people back to work."

Joyride: Bicycling Our Way to Safe and Splendid Communities

Diane Dulken | Posted 05.25.2011 | Green
Diane Dulken

2010-09-02-diane.jpg Let's make our communities healthy places with freedom to move in a landscape that is not polluted and congested but alive with activity and beauty.

The Adventures of Unemployed Man

Erich Origen and Gan Golan | Posted 05.25.2011 | Books
Erich Origen and Gan Golan

Americans invented superheroes in the Great Depression; their stories are uniquely American symbols of our hopes and dreams.

Examining the Defense of Family Values and Unequal Pay for Women

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

If we value families, then why is the economic burden of raising them always pressed upon women at the cost of fair pay and career opportunities? Whatever happened to the concept of shared sacrifice?

When the Rich Get Risky: Inequality and Financial Crises

Ray Brescia | Posted 05.25.2011 | Politics
Ray Brescia

One of the most striking--and perhaps most underreported--aspects of the financial crisis is reflected in one economic indicator. The chart below tra...

Aspen's Richest Residents Migrating Away From Area

Aspen Daily News | Andrew Travers | Posted 05.25.2011 | Denver

The Great Recession appears to have sparked an outbound migration of wealth from the Aspen area and is shifting income demographics of the resort area...

Low Wages and the Metropolitan Middle Class

John Petro | Posted 05.25.2011 | New York
John Petro

The Welfare to Work reforms of the 1990's may have shrunk the public assistance rolls, but has not necessarily improved financial stability for low-income households.

When Wall Street Rules, We Get Wall Street Rules

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

If the financial crisis was preventable, why didn't our leaders try to stop it? Why don't they take the steps necessary now to get the economy moving again? The answer to both these questions is simple; the politicians work for someone else.

Suicides Among the Unemployed: A National Humiliation

Harold Pollack | Posted 05.25.2011 | Business
Harold Pollack

We've been hearing, in connection with the Ground Zero Mosque, that the atrocities of 9/11 were a national humiliation. I don't see it that way. What's humiliating is that we've failed to mount an effective response to human pain during an economic crisis.

The Economic Crisis: Is There a Silver Lining?

Curtis Valentine | Posted 05.25.2011 | Politics
Curtis Valentine

If America can sustain the community institutions that have been built during this crisis, America will in fact stronger for it.

Shahien Nasiripour

Federal Reserve's Low Rate Policy Is A 'Dangerous Gamble,' Says Top Central Bank Official

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A top regional Federal Reserve official sharply criticized Friday the Fed's ongoing policy of keeping interest rates near zero -- and at record lows -...

Shahien Nasiripour

Fannie Mae: Home Prices To Decline Into Next Year

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Home prices will decline into next year, Fannie Mae said Thursday, reversing earlier projections that the housing market would stabilize this year. ...

Shahien Nasiripour

Geithner: America Is Less Equal Today Partly Due To Bush Tax Cuts

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The country is less equal today than it was just a decade ago thanks in part to the Bush tax cuts, Treasury Secretary Timothy Geithner said Wednesday....

Deficit "Cutters" vs. "Postponers" -- a False Choice

Leo Hindery, Jr. | Posted 05.25.2011 | Politics
Leo Hindery, Jr.

There is 'false choice' debate underway within Congress and the administration between "cutters" of the federal deficit and the "postponers", and it played out in spades in last week's unemployment benefits extension debate in Congress.

Suicide Rates Up Since Recession Began, Debt A 'Way Of Life' For 99ers

HuffPost | Jonathan Daniel Harris | Posted 05.25.2011 | Impact

Since April, The Huffington Post has reported on the 99ers, individuals who've been unable to find work, and have seen unemployment benefits run out a...

A Love Affair Gone Wrong: Liberals Abandon Their Beloved Obama

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

We liberals should be mad as hell at the opposition -- Breitbart and Fox News -- not Obama or his administration that fell over itself in the Shirley Sherrod affair.

Laura Bassett

Disappearing Middle Class: Bilingual Ph.D. Accepts Rent Money From Church

HuffingtonPost.com | Laura Bassett | Posted 05.25.2011 | Impact

Until 18 months ago, Maria Ortiz says she never had to search for a job in her life. As a highly skilled bilingual Ph.D. and the first ever Mexican-A...

Shahien Nasiripour

Bernanke To Congress: The Economy Needs You To Keep Spending

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke reiterated Wednesday his belief that Congress should continue to prop up the sputtering economy, casting aside c...

Obama vs. 'Big Business': There's an Alternative

Leo Hindery, Jr. | Posted 05.25.2011 | Politics
Leo Hindery, Jr.

The Great Recession of 2007 is so "Great" that this time it's going to take certainty of the sort that only large-scale Keynesian-type government intervention in sustained job creation can generate.

DK Matai | Posted 05.25.2011 | Business
DK Matai

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

Shahien Nasiripour

Federal Reserve: Continued High Unemployment Threatens Fed Policy Of Pursuing 'Maximum Employment'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Members of the Federal Reserve lowered their expectations for economic growth and raised their projections of the nation's unemployment rate, cautioni...

Shahien Nasiripour

Small Business Confidence Deteriorates; Economy 'Mediocre At Best'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Small business confidence plummeted last month by the largest amount since the height of the financial crisis as lackluster economic growth and anemic...

Don't Put the Blame on James

Paul Abrams | Posted 05.25.2011 | Sports
Paul Abrams

The Miami Heat paid a lot of money to three superstars so they could all be champions together. What in our culture has taught LeBron that doing anything differently, for any other reason, is of equal or greater importance?