Great Depression

Republicans Redouble Efforts to Kill FDR's New Deal

Republicans Redouble Efforts to Kill FDR's New Deal
Franklin Delano Roosevelt understood that when times were tough a safety net was desperately needed to soften the fall. The New Deal allowed families a reprieve from the very worst of the Great Depression, but Republicans have been trying - and, unfortunately, succeeding - in undoing much of what FDR accomplished.
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'Cult of the Selfish' Lowers Majority of America's Net Worth, Skyrockets 1%'s Wealth

'Cult of the Selfish' Lowers Majority of America's Net Worth, Skyrockets 1%'s Wealth
The cult’s cruel campaign of civic meanness is achieving tragic victories. Just last week, the cult of selfish succeeded in passing a bill in the House that would slash funding for food stamps by $40 billion – taking milk from the mouths of millions of babes in the richest country in the world. Also, it secured passage of another bill in that would de-fund the Affordable Care Act, thus denying health care – and in some cases life itself – to millions of uninsured Americans.
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Leo W. Gerard
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Austerity Is Dead: It's Time to Revive America's Infrastructure

Austerity Is Dead: It's Time to Revive America's Infrastructure
The U.S. deficit is down more than 50 percent from what President Bush left behind, projections of the rise in medical costs that drove future deficits are way down, the “intellectual foundation” that justified the push for cutting government has collapsed, and the European experiment has shown that budget cuts really just make things worse. Meanwhile, we have two real problems to worry about: unemployment and crumbling infrastructure. Can we finally hire people to fix things?
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Unemployment Drops to New Four-Year Low of 7.5%

Unemployment Drops to New Four-Year Low of 7.5%
U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job increases helped reduce the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.
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New Research: Economic Austerity in US and Europe 'Is Killing People'

New Research: Economic Austerity in US and Europe 'Is Killing People'
Despite assurances by financial elites that austerity economics is a prescription to improve the lives of the masses, research contained in a newly published book shows that the push for steep cuts in wages, social programs, and public health programs is literally killing people throughout Europe and the US.
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