United States economic recession

About this video:

Paul Jay, The Real News Network: “The U.S. Labor Department released statistics on the employment picture in the United States, and it doesn’t look much better, in fact perhaps even a little worse…. Now joining us to talk about the significance of these numbers is Bob Pollin. He’s the cofounder and co-director of the PERI institute in Amherst, Massachusetts, and an often-contributor to The Real News Network.”

US Federal Reserve chairman Ben Bernanke said yesterday that he is ‘ready to act’ on the US economy, hinting that the US is about to print hundreds of billions more dollars to be handed over to the banks: here.

Young people in US face bleak job prospects: here.

Letter from the US: Recovery for the rich, depression for the poor: here.

Reports document the massive disparity in incomes between the top and bottom earners in Washington DC, as well as the lack of affordable housing: here.

A Connecticut man cites “desperate times” for a robbery, a Missouri resident refusing eviction is shot by police, poor Virginia tenants are made homeless over their landlords’ violations, and other indicators of social breakdown: here.

This Next Generation Will Be Left Behind in the Land of No Opportunity. Salvatore Babones, Truthout: “There are places in the world where the majority of people are doomed to live no better than their parents and grandparents did. Places where a poor child from the slums might as well dream of being an astronaut as dream of having a decent middle-class job. Places where the children of the rich get even richer while the children of the poor stay poor. Places like Burma and Kenya and the United States”: here.

1 thought on “United States economic recession

  1. Pingback: Poor US Americans get poorer | Dear Kitty. Some blog

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