WASHINGTON (PAI) -- The current economy is "not normal," unemployment affects different groups of people than it did before, and the recovery - in terms of the joblessness numbers - will take longer than it did in prior slumps, the Labor Department's top economist says.
A new political and economic model, a new New Deal, is urgently needed, but the tycoons of finance are not about to yield their power - it will take a series of struggles.
The focus on "fiscal responsibility" conceals the real causes of the crisis, and if we don't address those we don't have a snowball's chance in hell of lifting workers out of the quicksand.
Today's business reports will headline a 431,000 growth in employment during May - but there's one little problem: nearly all were temporary Census jobs.
Recently I read with dismay an article by Mort Zuckerman, the editor of U.S. News & World Report, on the Huffingtonpost.com titled 'Breaking the Public Sector Unions' Stranglehold on State and Local Governments.' First, that's a whopper of a title, right? Secondly, the article has nothing at all to do with facts.
Capitalism is bad for working-class people. Unregulated capitalism is even worse.
For communities that were already in economic freefall before this recession, it's a catastrophe.
If you rely on the major mass media to get a picture of what's going on in the world you probably think the economic crisis in Greece was caused by irresponsible Greek workers living high off the hog.
The Bank of North Dakota, the only state-owned bank in America, earned a record profit last year even as private-sector banks lost billions.
By any objective measure, Wall Street has given up its right to manage our nation's finances.