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Showing blog posts tagged with housing boom

Tell Us What You Think: What’s Wrong With the U.S. Economy? The Long Answer.

This is the second of a four-part series describing what went wrong with America’s economy and how to fix it. See Part 3 tomorrow and read Part 1: "Tell Us What You Think: What’s Wrong With the U.S. Economy? The Real Scoop"—and please leave a comment to tell us what you think. (Click the chart to enlarge.)

If the short answer is “we’re still recovering from the Crash of 2008,” the long answer is “there was obviously something wrong with the economy long before the Crash of 2008.” 

There were obvious warning signs during the Bush years that should have set off alarm bells.  Most importantly, wages and middle-class family incomes were dead in the water.  The median income for working-age families started falling in 2000 and never recovered during the 2001-2007 recovery.

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Join Hedrick Smith at the AFL-CIO Sept. 13

Join Hedrick Smith at the AFL-CIO Sept. 13

Many people can no longer attain the American Dream—and high-level decisions over the past few decades have led our nation to this point.

Join us on Thursday, Sept. 13, when Pulitzer Prize-winning author and reporter Hedrick Smith will discuss his new book, Who Stole the
American Dream? Can We Get It Back? In his latest look into the deepest layers of Washington politics, Smith deploys his formidable investigative skills to trace how we got here—and whether we can undo the damage. (RSVP here.)

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Protect the Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau has done crucial work to safeguard Americans against the deceptive and abusive practices of big banks, student loan servicers, credit card companies and predatory lenders. Tell Congress to protect this important agency.

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