Economic Recession

  • Ben Leet's picture
    Ben Leet
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May 31, 2009

The Dems should put forth a plan, a credible plan to restore the economy. This would include public jobs to replace the 5 million lost since December 2007, the 7.8 million needed to maintain employment at 4.9%, and the additional 7.5 million jobs needed to create FULL EMPLOYMENT. A fair economy should be the keystone to a revived Democratic Party. Today 1% of the U.S. households own 33.4%, ten percent own 70% of all wealth, the bottom half own ?? !! 2.5% of all savings, wealth, or net worth. The top 1% earn annually more than the bottom 60%. How can the Democratic Party dream of being relevant to voters if they are not going to confront this disasster of an economy?

Comments

This is no longer a recession...

05/31/09
9:55pm
this situation has turned into a full blown depression. Unemployment here in Klamath County Oregon has risen to between 15 and 16%. That is what it was during the '29 depression. Only the social programs already in place(FDR's)keep cash flowing to keep the lights on.

A mind once expanded can never return to its original dimensions.

Anne Hathaway: 1556-1623

 

The greatest derangement of the mind is to believe in something because one wishes it to be so.