herbert hoover

With unemployment at 8.5 percent, former Labor Secretary Robert Reich finally called it:
This is still not the Great Depression of the 1930s, but it is a Depression.

Are we in a depression? Maybe so, if offhand remarks about the last one now require clarification. During Tim Pawlenty’s substitute-radio-host gig this afternoon on KKMS-AM, a Christian talk station, the governor asserted that religious institutions used to provide the nation’s social-service safety net but have abdicated that role to the government. He asked his [...]

Think it was mere chance that got Minneapolis a mention in President Obama’s address to Congress? It turns out that the select occasions in the past when Minnesota’s biggest city turned up in presidential addresses have always been during serious talk about tough times. In fact, it happened first during the first State of the Union [...]