Dr. Richard Wolff on the Bankster's Great Recession

Five Years Since The Economic Collapse

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Jeb Bush: 'History Will Be Kind to My Brother'

Jeb Bush: 'History Will Be Kind to My Brother'
"As for comparing W.'s record to "what's going on now," the Obama administration has produced more jobs in 4 years than Bush/Cheney did in 8 -- not to mention the fact that they haven't suffered the worst mass-casualty terrorist attack in US history, let a US city drown, and presided over the worst financial crash since the Great Depression.

Good luck with that "W. was a great president" stuff, Jeb! It's a winner for 2016."

Cost of Financial Crisis Tops $22 Trillion - Truthdig

Cost of Financial Crisis Tops $22 Trillion - Truthdig
"The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said."

The Richest 1 Percent Have Captured 121 Percent Of Income Gains During The Recovery

The Richest 1 Percent Have Captured 121 Percent Of Income Gains During The Recovery: Last year, economist Emmanuel Saez estimated that the richest 1 percent of the U.S. captured a whopping 93 percent of the income gains in 2010, as the U.S. was emerging from the Great Recession. Saez is now back with updated numbers from 2011, and they make the picture look even grimmer: From 2009 to 2011, [...]/p

State Higher Education Funding Has Dropped 10 Percent Since The Great Recession

State Higher Education Funding Has Dropped 10 Percent Since The Great Recession: State budget cuts brought about by the Great Recession have hammered funding for higher education, and as a whole, state governments will spend 10.8 percent less on higher education this year than they did in the fiscal year prior to the recession, according to data from the Grapevine Project at Illinois State University. Overall, only [...]/p

The Economic Crisis Killed 67 Million Jobs Worldwide

The Economic Crisis Killed 67 Million Jobs Worldwide: According to a new report by the International Labor Organization, the global jobs gap — the gap between how many jobs there currently are and how many there would have been in the absence of the global financial crisis — has reached 67 million: As of 2012, the global employment-to-population ratio (EPR) – the share [...]/p

Senator Bernie Sanders Speaks Out For The Elderly And Working Americans.

National Press Club

The Recession's Toll: How Middle Class Wealth Collapsed to a 40-Year Low - The Atlantic

The Recession's Toll: How Middle Class Wealth Collapsed to a 40-Year Low - The Atlantic
"I'm about to share a statistic that you should remember every time you think about the Great Recession, and why the recovery has been so painstaking. It's going to illustrate precisely how devastating the downturn was for your typical American family, and the size of the hole we've been trying to dig ourselves out of.

Ready? Here goes: Between 2007 and 2010, the median net worth of U.S. households fell by 47 percent, reaching its lowest level in more than forty years, adjusted for inflation. In other words, middle class wealth virtually evaporated in this country. A good chunk of the population got sucked through a financial wormhole back to the sixties."

New Report Finds Financial Crisis Cost Economy $12.8 Trillion

New Report Finds Financial Crisis Cost Economy $12.8 Trillion: The U.S. is still struggling to claw out of the hole created by the Great Recession, the Wall Street-caused crisis that resulted in the loss of millions of jobs. According to a new report from Better Markets, a pro-financial reform organization, the crisis cost Americans about $12.8 trillion in lost economic output: – Estimated actual [...]/p