- Is Obama Planning For Battle Against A Looming Depression, Not A Recession? - No doubt, Obama is smart to treat this crisis as potentially as bad as what the country experienced in the 1930s. He would be committing presidential malpractice if he under-treats the condition, and I'm thrilled that Obama picked a professor from my alma mater (Berkeley) to serve as his chief economist. But the noticeable shift in Obama's discussions about our economic situation, along with hints that he'll be putting on the backburner any tax cut rollbacks or efforts to tackle the deficit, are quite revealing.
Daily Links for November 25th
November 26th, 2008 · No Comments
Tags: Daily Links
Daily Links for October 3rd
October 4th, 2008 · No Comments
- The Real Great Depression - ChronicleReview.com - In fact, the current economic woes look a lot like what my 96-year-old grandmother still calls "the real Great Depression." She pinched pennies in the 1930s, but she says that times were not nearly so bad as the depression her grandparents went through. That crash came in 1873 and lasted more than four years. It looks much more like our current crisis.
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