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Paul Krugman on why austerity is a recipe for ten more years of a Depression.

nebris wrote in the_recession May 29, 2012 07:09

By John Aravosis on 5/28/2012 07:00:00 PM

Krugman says we're still in a classic Depression.

Paul Krugman on Bill Maher:
We are in a depression. We are actually in a classic depression. A depression is when nobody wants to spend. Everybody wants to pay down their debt at the same time. Everybody is trying to pull back, either because they got too ( Read more... )

consumer spending, government spending, file under "duh!", depression circa 2009, austerity measures, reaganomics, herbert hoover, austrian economics, economic collapse, john maynard keynes, demand destruction, paradox of thrift, franklin d. roosevelt, 'capitalism', paul krugman, public works projects, the new deal, 2012 presidential election

The secret history of America's unemployed

nebris wrote in the_recession Sep 12, 2011 07:58

from Salon.com/War Room
Monday, Sep 12, 2011 09:01 ET
By Steve Fraser, Joshua B. Freeman
( A demobilized workforce has become the norm. Can the swelling number of jobless change that? )

history of recessions, unions, austerity measures, global financial trainwreck of 2007-?, reaganomics, homelessness, corporate profits, keynesianism, 52 week lows, income inequality, poverty, banking sector, unemployment, gop, the great depression, panics, franklin d. roosevelt, 'capitalism', social safety nets, class war, washington, 50 state slump, civil unrest, ayn rand

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Secret Exemptions Allowed Speculators to Distort Futures Markets

nebris wrote in the_recession Aug 29, 2011 11:45

Click to view

anatomy of a meltdown, food shortages, derivatives, futures, franklin d. roosevelt, economic shocks, 'capitalism', global financial trainwreck of 2007-?, oil, goldman sachs, bubbles, hedge funds

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Quote of The Day

nebris wrote in the_recession Jan 20, 2011 07:57

"Social Security moneys belong to the people who have worked hard all their lives and contributed to the program, not to the government. We must protect Social Security from cuts that will hurt beneficiaries, we cannot let Congress try to use Social Security as a piggy bank ( Read more... )

societal breakdown, government spending, the |_____ club, debt crisis commission, barack obama, austerity measures, global financial trainwreck of 2007-?, obamanomics, corporate profits, 52 week lows, fraud, income inequality, bailouts, poverty, tarps gone wild, banking sector, economic policy, franklin d. roosevelt, crime, 'capitalism', social safety nets, 50 state slump, civil unrest, obama administration, 2012 presidential election, corporate welfare

American Experience: The Civilian Conservation Corps

nebris wrote in the_recession Feb 17, 2010 05:24

Four Corpsmen share experiences of hard work and brotherhood from their time in the CCC
This is a beautifully done piece and more timely than ever. I confess that it brought tears to my eyes and was well worth the fifty three minutes spent watching.

economic stimulus programs, alternate recovery plans, franklin d. roosevelt, the great depression

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