Tag Archives: recession

Peter Clemenza on recessions, Marine Le Pen, and Europe

Michael: How bad do you think it’s gonna be? Clemenza: Pretty goddamn bad. Probably all the other Families will line up against us. That’s all right. These things gotta happen every five years or so, ten years. Helps to get … Continue reading

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No Michele. All recoveries are not equal

Governor Mitch Daniels (R-IN) and Representative Michele Bachmann (R-MN) yesterday made their claims on CNN’s State of the Union with Candi Crowley that the recovery is taking too long; that other post recession recoveries took the traditional V-shaped path. Maybe … Continue reading

Posted in Barack Obama, Economy, Elections 2012, Obama, Political Economy, unemployment | Tagged , , , , , , , , , | 1 Comment

Recession: Perception versus reality

Robert Pear wrote an insightful piece in The New York Times about the official end of the 2007 recession and the decrease in incomes during the two years of the recession, and the two years after it ended. Follow this … Continue reading

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So where is the legal precedent for prosecuting Wall Street for the 2007 recession

Tuned in for the first time to The Martin Bashir Show today on MSNBC.  Mr. Bashir had a couple guests on laying arguments for prosecuting Wall Street investment banks for causing the 2007 recession. My eyes rolled and I exhaled … Continue reading

Posted in Congress, Economy, Financial Regulation, Martin Bashir, Political Economy, U.S. Constitution | Tagged , , , | 1 Comment

Two-speed economy or two-tiered economy

So why do Americans feel like we are still in a recession when the data shows that the economy has been growing over the past year? The New York Times’ Catherine Rampell addressed that based on some insights from Alan … Continue reading

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The great recession is more like the great regression

On Tuesday, Federal Reserve chairman Ben S. Bernanke opined after a speech before the Brookings Institution that from a technical standpoint, the recession is very likely over. To the 9.7% of the workforce who are not employed that does not … Continue reading

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