Building Bridges Radio: Your Community and Labor Report
National Edition
Produced by Ken Nash and Mimi Rosenberg
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America's 4-D Economy: From Deficit Deals to Double Dip Recession
with
Jack Rasmus, author of "Epic Recesssion: Prelude to Global Depression"
First, we were frightened by politicians proclaiming that the economic ceiling will
fall in if the deficit wasn’t cut by trillions. Then the politicians insisted that in order to
raise the debt ceiling we needed to endure, guess what cuts, cuts, cuts. But, the
U.S. manufacturing sector has collapsed, the public sector is hemorrhaging jobs,
and consumer spending is plunging, and the jobs that were jobs created, may have
kept the recent unemployment figures from shooting up, but they were hardly
enough to keep pace with those about to enter the workforce and certainly don’t
effect those living on extended unemployment benefits, those who simply can’t find
work, and those who are underemployed and really can’t support their families.
The real economy is accelerating its slide toward a double dip recession and the
deficit reduction deal approved by Congress will make it harder to fight the
coming re-recession. We’ll discuss why and what really needs to be done to
stimulate the economy.
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Recesssion and Militarism
with
Vijay Prashad, George and Martha Kellner Chair in South Asian History and
Professor of International Studies at Trinity College in Hartford, Connecticut
At a recent lecture at NYC’s Riverside Church, Prashad explored the boom and
bust of the capitalist cycle. Even in boom years people do not have enough to spend
so the economy declines. But if the people are not strong, even then capitalism
resists spending for social services, preferring to stimulate the economy with
spending on domestic repression and war. Prashad places this in the context of
globalization and the present protests around the world which began in Tunisia
and Egypt.
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For archived Building Bridges National Programs go to
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