Sunday, February 21, 2010
The Great Recession (Depression?)
The signs of what is ahead for the U.S. working class continue to spell big trouble. More people are out of work and unemployed for longer than any other recession since the Great Depression. Millions of jobs are permanently gone, creating a "new" working class poor population. The condition of American workers is the worse it has been since the Great Depression. That word keeps popping up--DEPRESSION.
NYT: The New Poor--Millions of Unemployed Face Years Without Jobs
Fed Official Warns: Jobs will be Scarce--New Paradigm Shift
Socialists call this a class struggle!
The Economic Elite Vs. People of the USA
The Richest 1% Have Captured America's Wealth, What is it going to take to get it back?
The U.S. already had the highest inequality of wealth in the industrialized world prior to the financial crisis -- and it's gotten even worse.
Obama and the State of the Democrats