Tag Archives: great recession

Cheap gas and economic collapse

  I was hoping to keep this short when I started writing it back in early December, but (to quote Ralph Waldo Emerson), “things are in the saddle and ride mankind.”  Oil prices have fallen off a cliff in recent weeks, declining some 45%. It has been a good time for motorists–and for the peak […]

Huzzah! Unemployment fell to 6.7% (NOT)

Per the Bureau of Labor Statistics, we find that the US added a paltry 74,000 jobs in December (I’m assuming that’s seasonally adjusted and doesn’t include people hired for holiday retail). And yet despite that, the Unemployment rate fell to 6.7%. Huzzah!Praise be to Obama! Praise be to the fiscally responsible Republicans who refused to […]

Why we have no recovery

I’ve been taking a tip-toe through Craigslist for the past few days, and (as usual) I’ve found some interesting positions. It is amazing how many prospective employers want folks to work for free at tasks that used to be, well, you know, JOBS. Jobs that paid, even if they didn’t pay much. So that was […]