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Summary: America's Financial Crisis: Week of August 1

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3 New Items including:

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  • Trickle Down Economics doesn't work
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  • Not Too Big Enough
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David Culver, ed., Evergreene Digest

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Jim Day

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Trickle Down Economics doesn't work says Alan Blinder. Here’s what does. Posted by rmontero, AlterNet

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  • Redirecting money from the expiring Bush tax cuts to unemployment benefits would be a net job creator and give the economy a much-needed boost.
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  • Long-Term Economic Pain
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Long-Term Economic Pain, Bob Herbert, New York Times | NY

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  • Simply stated, more and more families are facing utter economic devastation: completely out of money, with their jobs, savings and retirement funds gone, and nowhere to turn for the next dollar.
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  • Reich and Krugman Agree: The Government Needs to Forget About the Deficit and Fix Unemployment
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  • Krugman: US "Depressed Economy" Could Last 5 Years
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Not Too Big Enough, Rob Larson, Dollars & Sense

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  • How the “too-big-to-fail” banks got that way, and why the current banking reform won’t solve the problem.
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  • US Financial Reform Bill Misses the Mark
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  • Standing Up to the Unholy Alliance Between Washington and Wall Street
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