Dr. Richard Wolff on the Bankster's Great Recession

Five Years Since The Economic Collapse

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Half Of The Jobs Created During The Recovery Were Low-Paying

Half Of The Jobs Created During The Recovery Were Low-Paying: While the economy has seen decent job growth in recent months, the jobs being created may not pay very well. A new report has found that about half of the jobs created in the last three years have been low-paying, reports the Huffington Post’s Mark Gongloff: Nearly all of the 6.2 million jobs created since [...]/p

Is Cutthroat Capitalism Pushing a Growing Number of Baby Boomers to Suicide? | Alternet

Is Cutthroat Capitalism Pushing a Growing Number of Baby Boomers to Suicide? | Alternet
"In winner-take-all capitalism, if your job disappears during a massive sustained job crunch, you will have a hard time finding another one. In fact, the older you are, the more likely you are to enter the ranks of the long-term unemployed (out of work a year or longer)."

How the Rich Benefited From the Recovery (While Most of Us Got Nothing) - Truthdig

How the Rich Benefited From the Recovery (While Most of Us Got Nothing) - Truthdig
"The richest Americans made trillions during the so-called economic recovery from 2009 to 2011, while most everyone else’s net worth dropped, according to a recent Pew Research Social & Demographic Trends analysis of newly released Census Bureau data."

Bush Library: Whitewashing War Crimes

Bush Library: Whitewashing War Crimes
"Republicans have completely brainwashed themselves about the Bush years.

It would be interesting to see why exactly they consider Bush a success. Was it the fact that he was president during the worst attack on domestic soil since Pearl Harbor? Was it that his administration lied the country into a completely unrelated to 9/11 war? How about the fact that his administration went on a spending binge that wiped out the budget surplus that Bill Clinton left behind? Could they approve of the fact that President Bush launched the biggest expansion of government in decades, and never bothered to pay for it. Or is that his administration eroded civil liberties, and ignored the constitution with regularity? Could it be his inept response to Katrina, or maybe it is the fact that his policies collapsed the economy, and led to the greatest economic downturn since the Great Depression?

You don’t have to be a Democrat to understand that the Bush years were a total disaster for the country."

The Bush Presidency Was Just As Bad As You Remember

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Bush Revisionists Count On Short American Memories

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PERRspectives: George W. Bush's Magic Calendar Returns

PERRspectives: George W. Bush's Magic Calendar Returns
"In the run-up to today's celebration at the George W. Bush Presidential Library, America's 43rd President declared that "history will ultimately judge" his tenure in the White House. And that is precisely the problem for the custodians of Bush's legacy. After all, the slaughter of 3,000 people on 9/11, the catastrophic and unnecessary war in Iraq, illicit domestic surveillance and illegal detainee torture, the worst eight-year economic performance since Herbert Hoover, a near-doubling of the national debt (thanks in large part to tax cuts that will continue to drain the U.S. Treasury for years to come), the implosion of Wall Street and the disastrously bungled response to Hurricane Katrina all occurred on George W. Bush's watch.

Unless, that is, you don't just rewrite history but redefine time itself. According to the Republicans' Magic Calendar, George W. Bush somehow "kept us safe" despite the carnage on September 11, 2001. Miraculously, it was President Bush who killed Osama Bin Laden, despite his opposition to the very kind of raid ordered by Barack Obama two years after Dubya left office."

13 Reasons To Be Glad Bush Is No Longer President

13 Reasons To Be Glad Bush Is No Longer President: The five living presidents will meet in Texas on Thursday to dedicate the George W. Bush Presidential Library and Museum at Southern Methodist University in Dallas. And while Bush and his aides are using the occasion to soften the 43 president’s image and solidify his legacy, a recounting of Bush-era policies — from his deregulation [...]/p

50 Reasons You Despised George W. Bush's Presidency: A Reminder on the Day of His Presidential Library Dedication | Alternet

50 Reasons You Despised George W. Bush's Presidency: A Reminder on the Day of His Presidential Library Dedication | Alternet
"Amazingly, the Bush library seeks to ask visitors "What would you have done?" if you were in this president’s shoes. The ex-president’s defenders are betting that the public will reconsider their judgments after a hefty dose of historical amnesia. Bush has been absent from political debates in recent years, instead making millions in private speeches."

The Stock Market’s Rally Drove Income Inequality In The First Two Years Of The Recovery

The Stock Market’s Rally Drove Income Inequality In The First Two Years Of The Recovery: The Great Recession fueled an explosion in income inequality and the economic recovery has carried on the trend. The numbers themselves are staggering, but the causes are also important. A new report from the Pew Research Center finds that not only did the wealth gap between the bottom and the top of the income ladder [...]/p

Obama Proposal Gives Americans A Pathway Back to Work

Obama Proposal Gives Americans A Pathway Back to Work: President Obama’s 2014 budget may have agitated many on both ends of the political spectrum, but the inclusion of the Pathways Back to Work Fund deserves more praise and attention. As millions of Americans are at great risk of being left behind as the economy recovers from the Great Recession, this proposal creates opportunities for [...]/p

Jeb Bush: 'History Will Be Kind to My Brother'

Jeb Bush: 'History Will Be Kind to My Brother'
"As for comparing W.'s record to "what's going on now," the Obama administration has produced more jobs in 4 years than Bush/Cheney did in 8 -- not to mention the fact that they haven't suffered the worst mass-casualty terrorist attack in US history, let a US city drown, and presided over the worst financial crash since the Great Depression.

Good luck with that "W. was a great president" stuff, Jeb! It's a winner for 2016."

Bush Leaves Mess, Elderly And Poor Clean It Up?

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Wall Street’s Misdeeds Cost Trillions, But It’s Main Street Who’s Getting Nickel-and-Dimed | Common Dreams

Wall Street’s Misdeeds Cost Trillions, But It’s Main Street Who’s Getting Nickel-and-Dimed | Common Dreams
"And as Washington argues about whether it should spend millions to save Main Street’s resiidents trillions, both parties are reportedly open to a budget agreement that would cut $130 billion in Social Security benefits for the elderly and disabled over the next ten years (according to White House estimates). In Washington that’s an acceptable “buy-partisan” solution.

But, especially for the Republicans, it isn’t acceptable to ask the bankers who cost Americans trillions of dollars – and walked away wealthy – to spend millions to prevent another trillion-dollar crisis."

Cost of Financial Crisis Tops $22 Trillion - Truthdig

Cost of Financial Crisis Tops $22 Trillion - Truthdig
"The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said."

The Richest 1 Percent Have Captured 121 Percent Of Income Gains During The Recovery

The Richest 1 Percent Have Captured 121 Percent Of Income Gains During The Recovery: Last year, economist Emmanuel Saez estimated that the richest 1 percent of the U.S. captured a whopping 93 percent of the income gains in 2010, as the U.S. was emerging from the Great Recession. Saez is now back with updated numbers from 2011, and they make the picture look even grimmer: From 2009 to 2011, [...]/p

More Austerity Cuts Coming to the States | Common Dreams

More Austerity Cuts Coming to the States | Common Dreams
"The Great Recession has quietly devastated public services on a state-by-state basis, with Republican and Democratic governors taking turns leading the charge. Public education has been decimated, as well as health care, welfare, and the wages and benefits of public sector workers. The public sector itself is being smashed. Since the recession began, states have made combined austerity cuts of at least $337 billion, according to the Center of Budget and Policy Priorities."

Why the U.S. is suing the S&P