Posts tagged as:

Great Recession

A Poorer New Jersey

September 8, 2013

During the first four years of Governor Pop N’ Fresh Chris Christie New Jersey is still in the grips of the Great Recession.  The Garden State has a stagnant 8.6% unemployment (higher than the national faux-average of 7.3%), along with a staggering 24.7% poverty rate, the highest it has been in 52 years.  My county [...]

Read the full article →

Nothing New: Gen X in a Retirement Bind

June 2, 2013

Yesterday I read an article from ABC News, saying that the Great Recession’s impact on Generation X’s pocket book will impact the rest of their lives, particularly in their retirement years, in a negative way. The Boomers will suck the system dry due to their sheer numbers, and the Millennials will shape a new system [...]

Read the full article →

Analyst Says U.S. In Worse Financial Shape than Greece

June 13, 2011

$100 Trillion.  That’s the amount that Pimco analyst Bill Gross said today that the U.S. is on the hook for.  This includes the debt, interest on the debt, as well as all current Medicare and Social Security obligations.  It is hardly surprising.  Since the advent of the New Deal and the change towards government as [...]

Read the full article →

The Coming Economic Decline

May 16, 2011

America is headed for an economic decline.  What’s that, you say?  We are already in the midst economic slump?  While that seems to be true, the economic data points to the fact that the U.S. economy declined in 2008-2009, remained stagnant throughout most of 2010, and showed some light growth in 2011.  Yet there are [...]

Read the full article →

Glass-Steagall: A Red Herring for the Financial Crisis

January 21, 2010

The causes of the Great Recession of 2008-2010 (and possibly beyond) have been debated and explored in many publications, including on these pages.  One of the arguments that I see frequently, even among Conservatives, is that the banking industry collapse was a direct result of the repeal of Glass-Steagall in 1999 by the Republican Congress [...]

Read the full article →