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Articles tagged with: great depression

Politics &raquo

[15 Sep 2011 | 8 Comments | ]
The Disgrace of American “Hoovervilles”

Many comparisons have been made between the Great Depression of the 1930′s and the Great Recession of  2008 (and still continuing).   The biggest difference, however,  in both of these difficult times in American history has been the presence of a “social safety net” created over the last 60 or 70 years.    As a result of this, you don’t see  soup lines that stretch out over several city blocks, although food pantries report desperately low levels of basic supplies; you don’t see large populations of the homeless sleeping on the …

Politics &raquo

[8 Aug 2011 | 6 Comments | ]
August 8, 2011 ; The Day America Lost Its Optimism

When the dust finally settles, few Americans will doubt that August 8, 2011 is one of the worst day’s in modern American history.  From now on, or at least for the foreseeable future, we cannot pretend that “everything” is going  okay with the economic recovery, and that things will slowly but surely improve.   The Recession of 2008, which followed one of the worst economic downturns since the Great Depression,  is still with us, and has no intention of going away.   This situation has been made crystal clear by an 1,800 …

Politics &raquo

[24 Jul 2011 | 5 Comments | ]
America’s Tea Party : A Road To Destruction

Few people would doubt that Barack Obama was elected the forty-fourth President of  the United States at a perilous time in American history.  In fact, his timing could hardly have been worse.  Financial markets had crumbled, major banks and insurance companies were descending into insolvency, millions of Americans were losing their jobs,  economic recession was spreading across the globe, and the resultant U.S. tax revenues were taking a nosedive.  The President was faced with an immediate need to prop up the financial services industry,  save the auto industry, and bail …

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