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Great Recession

The Jobs Crisis: Hard Times and Tough Choices

Bob Burnett | Posted 05.25.2011 | Politics
Bob Burnett

Even before the results of the November 2nd elections are in, the U.S. is in gridlock. Politicians know we're facing hard times but they're unwilling to make the tough choices required to jump-start the economy.

Lady Dracula's Gory Jobs Story

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

It's an ancient superstition: Beware of Friday the 13th. This month, though, Friday the 13th could be replaced by Friday the 8th. That's the day we'll get the September employment report,

Shahien Nasiripour

Federal Reserve 'Will Be Gone' In 25 Years, Top Financial Mind Predicts, Despite Geithner's Vote Of Confidence | Shahien Nasiripour | Posted 05.25.2011 | Business

A mere half-hour after Treasury Secretary Timothy Geithner praised the "necessary" and "very substantial" actions of the Bush and Obama administration...

10-2-10 Rally Gives Progressives a Chance to Stand Up Straight

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

Sometimes the day-to-day back and forth of politics can cause us to forget what's really at stake and the gulf between progressive and right-wing values -- the difference between our vision of society and of the other side.

Shahien Nasiripour

Unemployment, Economy Forcing Savers To Give Up $5 Billion A Year | Shahien Nasiripour | Posted 05.25.2011 | Business

Savers are giving up $5 billion in annual income as concerns about the dampening recovery and increasing unemployment push the prudent to keep their m...

Republican Pledge: A Rotten Egg for the Middle Class

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

In 1928, the Republicans promised Hoover's victory would assure the prosperity of "a chicken in every pot." This week, the GOP proffered a similar pledge to America: instead of a "chicken in every pot" they're pledging a salmonella-poisoned egg.

Shahien Nasiripour

Progressive Economists Offer Their Suggestions To Replace Larry Summers: 'No More Rubinites' | Shahien Nasiripour | Posted 05.25.2011 | Business

Progressive economists have one piece of advice for President Barack Obama when it comes to replacing top economic adviser Larry Summers: No more Robe...

Recession Is Over! (If You Want It)

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

The National Bureau of Economic Research tells us the Great Recession is "over." The only thing this announcement reveals is how out of touch those who view human society through the lens of quantitative measurements can be.

Of Course Poverty Is on the Rise in Charles Dickens' America

David A. Love | Posted 05.25.2011 | Politics
David A. Love

Despite national rhetoric regarding opportunity, it is harder to make it in America than anywhere else in the industrialized world. Ultimately, the American dream is exactly that -- a dream.

Harleys to Hanoi: How Foreign Consumers Can Rev Up U.S. Growth

Ed Gerwin | Posted 05.25.2011 | Business
Ed Gerwin

The United States virtually invented the modern middle class. Today, our exporters must reach out to the global middle class, and our government must assure that foreign trade barriers don't stand in the way.

Great Recession Over? Maybe Not for Unmarried Women

Page Gardner | Posted 05.25.2011 | Politics
Page Gardner

According to the latest report from Women's Voices, Women Vote and the Center for American Progress, half of all American women are unmarried and the economy has them on the ropes.

The Terrible Tale of the TARP Two Years Later

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The notion that we would be sitting in a 21st century economy and reduced to barter payments was an invention of the bank lobby to get the taxpayers' money.

Recession Roundup: Poverty Rate Jumps, Infrastructure Crumbles

Huffington Post | Marcus Baram | Posted 05.25.2011 | Impact

With unemployment remaining high and consumer spending lagging, the economy continues to sputter. To chart the state of the country and the continuing...

Goldman Sachs: Bullies on the Block

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

The American money cartel is as dangerous as the Mexican drug cartel. Wall Street is winning the class war, and taxpayers supplied its weapons of choice: PR spin, lobbying, the money train to Congress, and constant bullying.

The Answer Is Blowin' in the Wind

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

The myriad of views on direction of our flip-flop economy -- which will have a major voice in determining the outcome of the fall elections -- are enough to drive anyone nuts.

Baby Boom Has Gone Bust

Tom Silva | Posted 11.17.2011 | Healthy Living
Tom Silva

One unexpected side effect of economic hard times is a sharp decline in birth rates. In Illinois, for example, the birth rate has fallen to its lowes...

How Democrats Can Harness the Public Anger (and Madness) for November

Carla Seaquist | Posted 05.25.2011 | Politics
Carla Seaquist

It's always a mistake to let a ranter rant. Without pushback, the anger takes flight. The question now is: With the public now inflamed in anger, th...

Why The Difference Between 'Recession' & 'Depression' Is Key To Recovery

The New Republic | John B. Judis | Posted 05.25.2011 | Politics

There are, indeed, obvious differences between the current downturn and the Great Depression. The unemployment rate, for one thing, was much higher in...

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...