So, How Bad Is It?
Posting at Naked Capitalism “George Washington” has an extensive comparison, Underneath the Happy Talk, Is This As Bad as the Great Depression?
The bottom line is that in some ways our current situation is worse than the Great Depression. The fact that the Bureau of Labor Statistics has just increased its monitoring of the long term unemployed from two years to five, should give you some idea of what they expect.
Duncan Black [Atrios] continues to bring up the problem of unemployment almost every day, and, today mentioned the banks fraudulent taking of property and the Federal failure to deal with foreclosures.
Wall Street caused the problem, and they are not being held to account for their fraud. Throwing money at them without any real reform or accountability for what they did, only ensures that they will do it again. Why wouldn’t they? They know the government and taxpayers will bail them out and they get to steal a lot more money before the next collapse.
December 29, 2010 2 Comments
Not That You Care
I finally got around to updating to WordPress 3.03 when they put out an emergency security upgrade and had to do it again.
I also upgraded to a new version of the backup plug-in and it isn’t working properly, so I expect another upgrade shortly.
People feel compelled to do things at the end of the year, one final check mark on their list so they can log it as an accomplishment.
If something acts weirdly, let me know. Everything seems to be working, but I don’t do everything the software allows.
December 29, 2010 10 Comments
