recession

Americans Demand Action on the Economy

“We’re in a recession, and Washington is doing nothing about it.” According to recent survey research, that’s one of the most powerful arguments progressives can make right now. The White House says “we have avoided a recession.” But Americans overwhelmingly disagree. They describe the economy as in recession and support an economic growth package—for good reason.
Isaiah J. Poole's picture

April Jobs Report: "This is What A Recession Looks Like"

Lawrence Mishel, the president of the Economic Policy Institute, says in this podcast that there is further confirmation that we are in a recession in Friday's unemployment report. Policymakers need to respond with a much more robust program of job creation and extended unemployment benefits than that being advanced by the Bush administration and conservatives. more »


Toby Chaudhuri's picture

New Report: Recession Taking A Toll On Women

Americans who work hard and play by the rules deserve the opportunity to succeed and achieve, but that's simply not the case. Women are facing new and heightened risks in this uncertain economy, according to a new report released today by Sen. more »

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Consumer views of economy at 14-yr low

reuters.com — American consumer confidence slipped in the latest week as views on the U.S. economy hit a 14-year low, a report showed on Tuesday.

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Alex Carter's picture

Economy Goes Down--Families Go Hungry

Nationwide, requests for food assistance in the past year are up 30 percent.

Source
Kirstin Downey. "Hunger Pains." 8 April 2008. The Washington Post.

States are Hit Hard by Economic Downturn

washingtonpost.com — At least half of the nation's states are facing budget shortfalls, some of them severe, and policymakers in most of the states affected are proposing and passing often-painful measures to trim costs and close the gaps. Spending on schools is being slashed, after-school programs are being curtailed and teachers are being notified of potential layoffs. Health-care assistance is being cut for the elderly, the disabled and the poor. Some government offices, such as motor vehicle department locations, will start closing on weekends, and some state workers are receiving pink slips.

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Iraq, $5,000 Per Second?

nytimes.com — The United States seems to have slipped into recession; Americans are losing their homes, jobs and health insurance; banks are struggling — and the Iraq war appears to have aggravated all these domestic woes.

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Charles McMillion's picture

More Stress for Households Deep in Debt

The Bureau of Labor Statistics reported today that average seasonally adjusted weekly wages fell another -0.5 percent behind consumer price increases in January, with wages now able to buy -1.4 percent less than they did one year ago. This chart illustrates the impact. more »

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Sally Kohn's picture

The Immigration Coin Trick

When I was a kid, my dad used to make a quarter appear behind my ear. He’d wave both his hands to distract me while, all along, the coin was hidden up his sleeve. That was the trick. more »

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Time to Take Action

prospect.org — It is time for our leaders to heed the warning signs of the coming recession. Here are five principles for an anti-recession plan.

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