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View Diary: First-time claims for unemployment benefits rises steeply after steeply dropping last week. (23 comments)

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  •  The Previous Great Depression (0+ / 0-)

    had blips up and down all throughout. To say we had a recovery based on quarter-to-quarter GDP numbers is just plain cuckoo-land.

    On earth, a) by both absolute numbers and percentages people have steadily been getting worse off since 2004, and b) if, next week, the entire population had to get cancer treatments after having storms destroy their homes, the GDP would skyrocket.

    We're in a Depression, and it's staying that way until our wages can compete with slave-wages in the global marketplace. And on this Neoliberals and Conservatives agree.

    Markos! Not only are the Gates Not Crashed, they've fallen on us. Actual Representatives are what we urgently need, because we have almost none.

    by Jim P on Thu Jan 31, 2013 at 10:13:33 AM PST

    [ Parent ]

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