Jack Rasmus
Author
Language
English
Description
The 2008 recession left the United States in deep trouble. With unemployment levels approaching 25 million and banks sustained by trillions of government dollars, are governments and economists understanding the crisis correctly?
Examining US economic history, Jack Rasmus reveals how the 2008 global financial crisis is an 'epic recession'. This 'epic recession' is neither a full-blown depression nor a short-lived period of economic contraction,...
Author
Language
English
Description
Radical economist Jack Rasmus shows how the Obama administration failed to deliver on its promises of economic recovery and social justice and puts forward alternative proposals for how the administration could have realised these goals.
In the period of Obama's presidency, corporate profits were up, and economic hardship was the bitter reality for millions of US citizens. Rasmus argues that the weakest economic recovery since 1947 was the direct...