- From The New York Times, government intervention did avert a second Great Depression."While the effectiveness of any individual element certainly can be debated, there is little doubt that in total, the policy response was highly effective," they write. Note how the best the NYT could do for 'rebuttal' is a Hoover Institution hack.
(Just a heads-up...When I was checking that the hyperlinks for this post were working, I had to 'register' for free access to the NYT. I hadn't been asked to do that before, despite having been visiting the online edition fairly often for quite a while now. It's pretty quick and easy.)
- Another oil spill has been in the news, a little, here and there, for a few days now. From Think Progress.
- 'How Democrats Win in Indiana,' from Blue Indiana.
- This is from The New York Times, too. It's by Bob Herbert, and it's great. Many of those workers were cashiered for no reason other than outright greed by corporate managers. And that cruel, irresponsible, shortsighted policy has resulted in widespread human suffering and is doing great harm to the economy...
Productivity tells the story. Increases in the productivity of American workers are supposed to go hand in hand with improvements in their standard of living. That's how capitalism is supposed to work. That's how the economic pie expands, and we're all supposed to have a fair share of that expansion.
Corporations have now said the hell with that. Economists believe the nation may have emerged, technically, from the recession early in the summer of 2009. As Professor Sum writes in a new study for the labor market center, this period of economic recovery "has seen the most lopsided gains in corporate profits relative to real wages and salaries in our history." |
