Tag Archive for Recession

What America Needs is Another Seabiscuit

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The Big Picture –  By Glynn Wilson –  What America needs is another Seabiscuit. What lifted the United States out of the Great Depression in the late 1930s? Was it government spending on the Civilian Conservation Corps that hired out of work laborers to build the national parks and other government programs? Was it a…

While Trump Rushes to Reopen America, Covid-19 is Closing in on Him

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By Robert Reich – Donald Trump said last Thursday’s jobs report, which showed an uptick in June, proves the economy is “roaring back”. Rubbish. The Labor Department gathered the data during the week of June 12, when America was reporting 25,000 new cases of Covid-19 per day. By the time the report was issued last…

A House Divided Against Itself Cannot Stand

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In Union there is Strength – “A house divided against itself, cannot stand.” — Abraham Lincoln The Big Picture –  By Glynn Wilson – BLUE RIDGE MOUNTAINS, N.C. — Why can’t I just wake up on one beautiful spring Sunday morning in America and see beyond the view of the mountains a scene of peace,…

America Torn Asunder: 100,000 Dead, 40 Million Unemployed

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Instead of Coming Together to Fight for Survival, Our Cities Are Divided and Wracked by Violence- By Glynn Wilson – One hundred thousand Americans are dead due the novel coronavirus, likely spawned in on outhouse full of human DNA and animal waste at or near a wet meat market in Wuhan, China, where animal-to-human transmission…

The Economy in 2016: On the Edge of Recession

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By Robert Reich – Economic forecasters exist to make astrologers look good, but I’ll hazard a guess. I expect the U.S. economy to sputter in 2016. That’s because the economy faces a deep structural problem: not enough demand for all the goods and services it’s capable of producing. American consumers account for almost 70 percent…