More wisdom from Robert Reich. This time he ponders the hypocrisy of Wall Street decrying “socialism” while getting rich off of it, while the rest of the country still faces real issues that remain unaddressed.
Category Archives: Recession News
Revealed: The ghost fleet of the recession | Mail Online
I had heard some mention of this fleet in some other articles awhile back, but someone actually went out and found the ghost fleet.
Kinda creepy and bizarre. It also puts into focus how hard hit some folks have been by the recession in ways we haven’t seen.
Cities Tolerate Homeless Camps – WSJ.com
You know the economy is still bad when The Wall Street Journal is printing positive stories related to cities trying to deal with their homeless populations.
Just saying.
Poverty Rates Highest Since 1997 : NPR
Surprise! Between George Jr. and the recession, we have a lot more families living in poverty these days.
Strangely you’ll notice most of the states with the hugest margins of the poor being those represented by right wing idiots.
Merely an observation.
For Some Pilots, Home Is An LAX Parking Lot : NPR
Now, I’m sure that some of folks do this for convenience, but it turns out that some airline workers have taken to living in the LAX parking lot in order to save money.
I tell ya, we’re just one step closer to having our poorest citizens living out of storage units.
Squeaking by on $300,000 – washingtonpost.com
Good God. Yet another pity story about rich people suffering in the recession.
Seriously? You can’t buy your kid the new “it” phone for back to school and that somehow compares to people who can’t make house payments or provide enough for their families to eat?
Yeah, it’s all relative, but maybe these reporters should go interview people actually suffering instead of those mildly inconvenienced by the economic downturn.
Deficits saved the world – Paul Krugman Blog – NYTimes.com
I don’t agree with Paul Krugman on much, but his assessment on deficit spending in a recession is dead on the money.
Give it a read because I’m not sure when I’ll be linking him again.
The Recession and the American Airline Industry
Alright, seriously, I need a chart category.
Check out this helpful list of airline fees. See how the airlines are gouging you.
And – oh yeah – I just heard this on the way in to work. The bigger airlines are starting to jack up rates again.

This American Life: The Watchmen
Check out this episode of This American Life as they cover the folks who are investigating what went wrong with our economy. You know, besides the fact that greedy, unscrupulous bankers are allowed to run wild and steal from everyone.
The Learjet repo man | Salon News
First, I loved this article because it shows that even the rich get their toys repossessed. Which is nice.
But mostly it’s a pretty good story about a hard guy doing a hard job. Someone ought to do a Dirty Jobs episode of this guy storming a jungle to nab some narco-douchebag’s Lear.
