The War and the Recession
Dean Baker, writing for Truthout, says: "Naturally, people are looking for an explanation for the cause of the recession, and many have turned to the Iraq War. This view is wrong. The war is a drain on the economy, but it is not the cause of the recession. The recession is due to the collapse of the $8 trillion ($110,000 per homeowner) housing bubble."
http://www.truthout.org/docs_2006/031008D.shtml
Our Three-Decade Recession
Robert Costanza, writing for The Los Angeles Times, says: "The news media and the government are fixated on the fact that the US economy may be headed into a recession - defined as two or more successive quarters of declining gross domestic product. The situation is actually much worse. By some measures of economic performance, the United States has been in a recession since 1975 - a recession in quality of life, or well-being."
http://www.truthout.org/docs_2006/031008H.shtml
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=Dean+Baker
http://www.truthout.org/docs_2006/031008D.shtml
Our Three-Decade Recession
Robert Costanza, writing for The Los Angeles Times, says: "The news media and the government are fixated on the fact that the US economy may be headed into a recession - defined as two or more successive quarters of declining gross domestic product. The situation is actually much worse. By some measures of economic performance, the United States has been in a recession since 1975 - a recession in quality of life, or well-being."
http://www.truthout.org/docs_2006/031008H.shtml
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=Dean+Baker
rudkla - 10. Mär, 22:41
