Skip to main content

Escape From Recession -- In These Times

Escape From Recession -- In These Times: "The basics

Economies depend on robust demand. When folks stop buying, when investors leave the room, when governments stop building and improving public goods, growth grinds to a halt. And when that happens, the job machine stalls, unemployment rises, those with jobs work fewer hours, wages rise more slowly, and incomes decline, especially for the lowest earners and many minorities.

The last two recessions—in the early ’90s and early 2000s—led to declines in the typical family’s income by about $2,500 (in today’s dollars). That ain’t peanuts.

Such a potential income loss is especially worrisome now, as the inflation-adjusted median family income actually remains about $1,000 below where it stood in 2000. If recession is imminent, this would be the first time that real incomes at the end of a recovery have not exceeded those at the previous economic peak."

Comments

Popular posts from this blog

TomDispatch

TomDispatch: "Okay, it's another lemon, the second you've bought from the same used-car lot -- and for $1,000 more than the first. The transmission is a mess; the muffler's clunking; smoke's seeping out of the dashboard; and you've only had it a week. You took it, grudgingly, as a replacement for that beat-up old Camry that only lasted two months, but the salesman assured you it was a winner. No wonder you're driving onto the lot right now. Before you can even complain, the same salesman's there. He's firm. It's not his fault. You must have done something. Nonetheless, he's ready to offer you a great deal. For an extra 2,000 bucks, you can have the rusted-out Honda Prelude right behind him, the one that, as a matter of fact, has just burst into flames -- and, he assures you, it's a dandy. It may not look so great today, what with the smoking hood and all, but it's a vehicle for the ages.
Would you buy a used car from this man? (Hint…

US Military “Commemorates” Its Iraq Massacre. “Tell Them It’s the Sound of Freedom.”

US Military “Commemorates” Its Iraq Massacre. “Tell Them It’s the Sound of Freedom.”

April 23, 2014 "ICH"
-
“We gather tonight knowing that this generation of
heroes has made the United States safer and more
respected round the world.” 

(President Barack Obama, State of the Union address,
24th January 2012.)


As Easter was
celebrated in the US and UK with, for believers, the
message of hope, Fallujah, the region and much of
the country is again under siege, not this time by
US mass murderers, but by the US proxy government’s
militias armed with US delivered weapons. In 2003, a
month into the invasion, Easter Day fell on the same
day as this year, 20th April, as Iraqis of all
denominations and none, died were incarcerated,
tortured, found with their heads drilled, or no
heads, thrown on garbage piles. Easter Day
the following year, 2004 fell on Sund…