rgemonitor.com - 11/14/2008
—
This is not the Great Depression of the 1930s, but nor is it turning out to be merely a bad recession of the kind we've experienced periodically over the last half century. Call it a Mini Depression. The employment report last Friday shows job losses accelerating, along with the number of ...
Comments
Blog Reactions
Hullabaloo —
... Robert Reich, who I'm glad to have in the room advising President-Elect Obama during the transition, has written a piece about what he calls the "Mini-Depression" and how we can best undo it. The first thing is to understand the nature of the problem. ...
The Mini Depression
Suburban Guerrilla —
Robert Reich:
This is not the Great Depression of the 1930s, but nor is it turning out to be merely a bad recession of the kind we’ve experienced periodically over the last half century. Call it a Mini Depression. The employment report last Friday shows job losses accelerating, along with the number of Americans working part time who’d rather be and need to be working full time. Retail sales have fallen off a cliff. Stock prices continue to drop. General Motors is on the brink of bankruptcy. The rate of home foreclosures is mounting.
When ...
Related Content
Depression Lust, and Depression Porn
dynamist.com 12/5/2008 — If anyone should fear a Depression, it should be journalists, who are already the equivalent of 1980s steelworkers. But instead, they seem positively giddy with anticipation at the prospect of a return to '30s-style hardship--without, of course, the ...
It's a depression
seattlepi.nwsource.com 11/30/2008 — I grant you I have yet to see former wealthy men selling apples on the street corner as I did during the Great Depression in the early 1930s but the current uncertainty is cause for worry.
Depression 2009: What would it look like?
boston.com 11/18/2008 — OVER THE PAST few months, Americans have been hearing the word "depression" with unfamiliar and alarming regularity. The financial crisis tearing through Wall Street is routinely described as the worst since the Great Depression, and the recession ...
How is this depression different than the Great Depression?
themoderatevoice.com 3/6/2009 — There, I said it. We are in a depression. Not a recession but a depression. We haven’t yet hit the textbook definition of a “depression”: a fall of GDP by 10% over three years along with a 10% unemployment rate. But we are fast approaching the official definition.
And ...
Getting Through the Coming Depression
apj.us 11/19/2008 — From crisispapers.org (http://www.crisispapers.org): Recession doesn't even begin to describe where the U.S. and global economies are going. Bernie Weiner exlains why we have to recognize that likelihood and take steps now to build the social infrastructure that will help carry us all through ...
Unions: An Effective Remedy for Insufficient Demand
tpmcafe.talkingpointsmemo.com 12/18/2008 — Picking up on Paul's question about why we didn't go back into recession/depression after World War II (and following Randall's point), I think unions did play a very important role. Strong unions are a great mechanism for ensuring that workers will ...
Ignorance Is Strength?
amconmag.com 11/6/2008 — Still, as her former running mate would say, the fundamentals of Sarah Palin are strong. Her conservative detractors—Colin Powell, David Brooks, and Christopher Buckley among them—were put off not by her personality but rather her lack of knowledge ...
Follow BeltwayBlips on Twitter
