depreion

Cramer: Depression Comparisons are 'Scare Tactics'

admin — Tue, 02 Dec 2008 15:36:21 +0000

Nathan Burchfiel

CNBC “Mad Money” host Jim Cramer said on NBC’s “Today” show Dec. 2 that comparisons between the current economy and the Great Depression are “scare tactics.” Maybe he forgot about his own reliance on the juxtaposition.

New York Times Parties 'Like It's 1929'

admin — Mon, 01 Dec 2008 18:42:18 +0000

Julia A. Seymour

It’s 2008. More than 80 percent of Americans have cell phones; many others have video game consoles, and the iPod is seemingly ubiquitous.

Yet the news media insist that America is embroiled in a second Great Depression, conjuring up images of bread lines and widespread suffering.

Stanford Prof.: U.S. 'Not in Anything Resembling' Great Depression

admin — Thu, 20 Nov 2008 20:56:32 +0000

Paul Detrick

More and more academics are speaking out against the media’s sensationalism of economic conditions.

Pulitzer-Prize winning author and professor of history at Stanford University David M. Kennedy told Bloomberg radio Nov. 18 that the current financial crisis bears no comparison to the Great Depression.

New York Times 'Hopes' Obama is New Roosevelt

admin — Mon, 10 Nov 2008 17:27:38 +0000

Julia A. Seymour

The New York Times isn’t keeping it a secret that it wants President-elect Barack Obama to follow in the footsteps of progressive icon Franklin Delano Roosevelt. Two recent columns have called for Obama to promote a new New Deal.