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…
Tag Archive for Recession
Not Since Nixon Has a President Been So Isolated and Hated: Trump Has to Go
The Big Picture -Â By Glynn Wilson -Â WASHINGTON, D.C. – Not since Richard Nixon sat forlorn with a bottle of whiskey in the West Wing trying to stave off impeachment during the Watergate scandal has a president found himself so isolated, alone, hated and embattled in the White House. Will Donald Trump resort to…
While Trump Rushes to Reopen America, Covid-19 is Closing in on Him
By Robert Reich – Donald Trump said last Thursdayâs jobs report, which showed an uptick in June, proves the economy is âroaring backâ. 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
America Torn Asunder: 100,000 Dead, 40 Million Unemployed
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
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…