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LINK The Long Term Consequences of Economic Downturns | Angry Bear

"Chairman Powell, Secretary Yellen, and President Biden have recently spoken about the long term consequences for many of economic downturns. More should, more often. The Media should recognize how important this is; ask the question whenever it needs to be asked. The Congress should put this front and center in any and all discussions about economic policy.

Why? Because millions of Americans never recovered from 1979-1980. Millions more never recovered from the 2001. More than from either of those never recovered from the recession of 2008. Who didn’t recover? Those who just gotten their first decent job, just taken out a mortgage, just gotten married and started a family, those who had just experienced a family medical emergency, … The types of folks that the likes of Mitch McConnell couldn’t be bothered to bring a bill to the floor for; those."

WilliamCharles 8 Mar 18
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