Charles McMillion

This dismal job performance over recent months, the past year and especially over the past EIGHT years is particularly important to appreciate with the current economic decline still worsening.

By virtually every economic measure that matters, the current deep recession is already the worst since the 1930s. It’s time for those wealthy debt industry geniuses — and their political and media retainers and cheerleaders — that got the world into this mess to acquire at least enough decency to be quiet while others try to figure out how to recover.

Amity Shlaes is once again flogging her false, ideological claims, this time in a Bloomberg News commentary. Is there no accountability for those such as Shlaes, those who pay her and those who distribute her false and misleading nonsense?

The Federal Reserve reports today that total industrial production declined over the past eight years for the first eight-year period since the eight years ending in 1938. The Census Bureau also reported today that new starts and new permits to build homes both plunged to the worst levels on records that start in 1959. That's on top of the worst eight-year decline in key employment measures since early in the Depression.

Contrary to the anti-government myths and ideology-driven arguments of conservatives like Amity Shlaes, the facts show FDR’s New Deal quickly brought rapid growth to the nation's economy during the Great Depression.

Four important economic reports today show the real economic downturn is worsening very rapidly. This is why strong, informed leadership matters.

Today’s Bureau of Labor Statistics jobs report shows jobs losses worsened sharply in September. Hours worked fell even more sharply than jobs suggest losses in October could be quite severe. Because the number of paid hours worked per week was reduced sharply in September, weekly wages also fell even before adjusting for inflation. This is an ominous sign for households that already face unprecedented financial pressures with little or no current savings.

This dismal job performance over recent months, the past year and especially over the past EIGHT years is particularly important to appreciate with the current economic decline still worsening.

By virtually every economic measure that matters, the current deep recession is already the worst since the 1930s. It’s time for those wealthy debt industry geniuses — and their political and media retainers and cheerleaders — that got the world into this mess to acquire at least enough decency to be quiet while others try to figure out how to recover.

Amity Shlaes is once again flogging her false, ideological claims, this time in a Bloomberg News commentary. Is there no accountability for those such as Shlaes, those who pay her and those who distribute her false and misleading nonsense?

The Federal Reserve reports today that total industrial production declined over the past eight years for the first eight-year period since the eight years ending in 1938. The Census Bureau also reported today that new starts and new permits to build homes both plunged to the worst levels on records that start in 1959. That's on top of the worst eight-year decline in key employment measures since early in the Depression.

Contrary to the anti-government myths and ideology-driven arguments of conservatives like Amity Shlaes, the facts show FDR’s New Deal quickly brought rapid growth to the nation's economy during the Great Depression.

Four important economic reports today show the real economic downturn is worsening very rapidly. This is why strong, informed leadership matters.

Today’s Bureau of Labor Statistics jobs report shows jobs losses worsened sharply in September. Hours worked fell even more sharply than jobs suggest losses in October could be quite severe. Because the number of paid hours worked per week was reduced sharply in September, weekly wages also fell even before adjusting for inflation. This is an ominous sign for households that already face unprecedented financial pressures with little or no current savings.

If global economics were an Olympic sport, here are key reasons why China would be winning gold medals, while the United States would be an also-ran. This list helps make the case for a new American industrial policy.