Danger: Falling Middle Class

By: Thursday February 4, 2010 1:45 pm

The American public knows what most lawmakers in Washington and policymakers around the country have yet to figure out: The nation is losing its middle-class backbone and bifurcating into a have/have not country.

 

Dancing with Jay and Daisy

By: Thursday October 22, 2009 1:30 pm

Proving yet again that not only do taxpayer-bailed-out CEOs have no shame, word has it that they plan to flaunt their taxpayer-fueled wealth in our faces, the ABA is sponsoring its Roaring ’20s party in conjunction with its Oct. 27–29 meeting.

AFL-CIO President Richard Trumka will lead thousands of mad-as-hell Americans in a rally outside the ABA meeting on Oct. 27, demanding financial reform and re-regulation that will allow us to rebuild our communities, our lives and our economy.

Jobs Don’t Live Here Anymore

By: Thursday August 6, 2009 1:30 pm

Photo credit: ep jhu

The unemployment data is due tomorrow, and it’s likely to be bad, with an expected 300,000 to 320,000 jobs lost in July, according to the Economic Policy Institute (EPI) and others. That’s a big problem. But unfortunately, when it comes to getting the nation back to work, tomorrow’s unemployment rate isn’t the biggest problem we face.

What’s really troubling is long-term unemployment.

EPI economists see the economic stimulus as alleviating the jobs crisis created under Bush.

Unemployed In America

By: Thursday December 11, 2008 1:30 pm

The unemployment figures were so bad Friday—half a million U.S. jobs lost in one month—some in the corporate media actually sounded a bit alarmed. Still, the overriding impulse of mainstream journalists is to look on the bright side.

Like NPR for instance, which offers a handy chart showing how unemployment was worse in the early 1980s than it is now.

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