History and Double-Dip Recessions

obama senior staff

Iwan Morgan: If America does manage to avoid a new recession and achieve stronger growth, it will be a testimony to the underlying strength of its economy. At present its political leadership in both the executive and legislative branches does not appear to have the same reserves.

How Not To Talk About Financial Panics: New Rules For Pundits

economy-sinking

James Livingston: Never act like you know what will happen next. You don’t, and nobody else does either. In fact, nobody knows what just happened.

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Don’t Let Doom Merchants Obscure True European Picture

european debt wave

Steven Hill: Fearful headlines hide success stories such as Poland, which show Europe is taking the right steps to economic recovery.

Jamie Dimon’s Bizarre Idea About Why Recovery Stalled

jamie dimon

Robert Reich: According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation. I’m not making this up.

The Wageless Recovery

wall street inflation

Robert Reich: The question on everyone’s mind: Will the Fed signal it’s now more worried about inflation than recession?

Why Obama’s Proposal Is Risky

robert reich

Robert Reich: The underlying problem isn’t the budget deficit. It’s that so much income and wealth are going to the top that most Americans don’t have the purchasing power to sustain a strong recovery.

Boosting the Economy—One Big Screen TV at a Time

shopping gone nuts

Walter Brasch: Overall, America is slowly on the path to recovery. But, to those who lost their jobs and then their homes, it just doesn’t seem that way.

The Struggle for a Workers’ Recovery

Shamus Cooke: The massive One Nation demonstration in Washington, D.C. proved that unions and other progressive groups can unite under a set of demands. But uniting for one demonstration is not enough.

A Permanent Housing Collapse?

Shamus Cooke: The housing market appears to be on a never-ending downward spiral, with the much-discussed “recovery” always around the next corner.

The War on Drugs Redux

opium1

Opium is in the news again. Afghanistan is producing bumper crops of opium poppies, funding Taliban attacks and simultaneously enriching some of the Afghani government’s warlord allies. Low heroin prices worldwide suggest that the marketplace is saturated, and American policy abroad is aimed narrowly at crop eradification while at home we are incarcerating drug users [...]

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