The New York Times is presenting videos with people in a fascinating series "The New Hard Times." They're inviting you to interview your neighbors and friends and send your own. Tip: Shoot it in black-and-white.
Program note: This afternoon on All Things Considered, Jess Mador looks at mortgage modification scams. I suspect the story will be on the Web site here by early afternoon.
Local writer Erik Hare took me up on my challenge. How'd he do?
Posting might be a little light today. I'm filling in for Jon Gordon on Future Tense today.
When it comes to a depression or a recession it depends upon who you ask. For the thousands who have lost jobs and those who are losing their homes this is a depression. For those of us who are in the real estate industry we have been in a recession for at least a year. For those who are doing just fine . . this maybe doesn't seem so bad.
I have been documenting the vacant homes around St. Paul with my camera. I believe that some day people will be interested in seeing what this has been like.
I believe I heard the statistic on the CNN poll that 7% of those surveyed thinks things are just fine, which just goes to show you -- people lie to pollsters.
" A poll out today says about half of us believe [this economy is like the Great Depression]."
Except during the great depression they didn't have unemployment insurance, food stamps, social security or medicare. They DID have 25% unemployment - and that was a workforce that was mostly male, who were the sole breadwinners. Now we have dual income families, where if one adult is out of work, they are in a tight spot; whereas in the Great Depression, losing a job meant losing 100% of income.
In short: this isn't even close.
Since I do not normally listern to MPR during the day what Time are you on?
All I know about the bailout I learned from Jon Stewart. ...And Frontline's "Inside the Meltdown".
I'm very rarely on MPR, BJ, unless all the guests on the various shows have been caught in a blizzard somewhere. Writing a blog at a mainstream news organization is very much like being in witness protection, I assume.
I'm on the Current with Mary Lucia a couple of times a day for a few minutes... 4:20 and 5:20.
I think that the economy is a big proble in the
Argument #2 that we aren't even close to the Great Depression comes from a MN Post story:
"Those who say the New Deal didn't end the Depression and may even have exacerbated it tend to ignore the crisis that was addressed by Franklin Delano Roosevelt's "alphabet agencies." In 1933, the average enrollee in the CCC was 10 pounds underweight and shorter than average height. He was, in a blunt word, malnourished. During the standard six-month enlistment, the typical "C" gained 10 pounds and grew an inch."
After all the heavy-duty economic reading, the underwear-in-space link was the perfect way to end. Thanks for bringing me a reason to smile!