About The Recession Diaries

From finance to foreclosures, layoffs and lack of opportunity, a daily journal of the economic crisis and its effect on black professionals.

THE BLOG FAMILY

In-your-face observations of art, entertainment and the world at large from someone who cares. Can you handle the truth?

NOVEMBER 19 | Only the Super Negro Sells Movie Tix in Europe

NOVEMBER 18 | Sarah Palin Says Newsweek Photo Is Sexist

NOVEMBER 16 | Anthony Sowell's Victims: Drug Addicted, Expendable and Murdered

One man's opinion on very nearly everything. It's hard but it's fair.

NOVEMBER 16 | Heather Ellis: Not That Innocent

NOVEMBER 13 | College Education Is No Longer an Option ... Is It?

NOVEMBER 12 | Hasan: Who Shot Ya?

Manners and mores in modern life? It's about way more than where the fork goes.

NOVEMBER 17 | Close Encounters of the Celebrity Kind

NOVEMBER 9 | No Present Like The Time

NOVEMBER 3 | My Cheap Best Friend

From finance to foreclosures, layoffs and lack of opportunity, a daily journal of the economic crisis and its effect on black professionals.

NOVEMBER 19 | Should We Be More Afraid of Identity Theft?

NOVEMBER 18 | The Cost of Celebrity Isn't What It Used To Be

NOVEMBER 17 | Calls For Job Growth Grow Louder

Smart, up to the minute takes on politics--from the state house to the White House. Pull up a chair.

NOVEMBER 20 | Dems to Obama: Lead, Follow or Get Out of the Way

NOVEMBER 20 | Delaying Cancer Screenings May Not be Best Option for Black Women

NOVEMBER 16 | It'll Take More Than a Tantrum to Stop Gay Rights in D.C.

Engaging commentary, interviews, and reviews that delve into and beyond the world of books. Get read.

NOVEMBER 19 | Reading List: The Poetry Edition

NOVEMBER 12 | Publishing with the Stars

NOVEMBER 6 | Producing Precious

A daily conversation on hot topic culture items. From Zora to Zane, True Blood to Tiny & Toya, TEWW covers high art, low-brow culture and everything in between.

NOVEMBER 17 | Beyoncé's Video Ho, er, Phone

NOVEMBER 13 | Oprah to Robin Givens: "I apologize."

NOVEMBER 12 | Illiteracy Begins and Ends at Home

MICHAEL'S BLOG ROLL

    And Now A Word From Our VP

    Despite unemployment rising to its highest level since 1983 a defiant Vice President Biden assured Americans that recovery will come as he presided over a meeting of the administration’s Middle Class Task Force.

    Biden acknowledged the Obama administration inherited an abysmal economy, but made it clear that they are determined to turn things around by the end of their first term.

    He said: “We're working with the task force to lay a new foundation for economic growth, a future predicated on good education, high-quality health care, and clean energy innovation; and that future that doesn't leave the middle class behind.”

    Biden asserted that the middle class will be in a much better position coming out of this recession than they were going in.

    These are nice sentiments, but although we’re still very early into the Obama administration there still seems to be reason to worry…and criticize.

    Despite 65% percent of Americans and 70% of doctors in support of it, a Senate panel has twice voted down proposals to create a government-run insurance plan. President Obama has said we can’t have job reform without health care reform. Well, what’s health care reform with a public option?

    Robert Reich, former Secretary of Labor, warns that job losses well surely reach the double digits next year and may remain there for some time. Reich advises that the government spend money to build America’s infrastructure – arguing such a move will create jobs.

    I agree wholeheartedly, but there seems to be an elephant in the room that these donkeys fail to acknowledge – the factors and players that helped usher in the second greatest financial crisis in U.S. history. What is being done to make sure that a meltdown of this magnitude doesn’t happen again? FYI, working with the very people who created this mess isn’t an acceptable answer.

    This means you Ben Bernanke, Tim Geithner, and Larry Summers. I’ve noticed their change in tone in recent months, but why should any of them be trusted now? Besides, if Obama's campaign was rooted in change why work with those who helped usher in policies that led us to the brink of financial catastrophe?

    Cornel West asked this question in a recent interview with Democracy Now.

    On his old Harvard colleague, Larry Summers, Dr. West said: “…here's somebody who has no history whatsoever of sensitivity to poor people or working people, who had been supporting deregulation for a long time as a Clintonite, in the Clinton administration. What is going on here? Or has Obama already become so comfortable with the establishment that you had to have an economist who was legitimate to the establishment in order for him to get his regime off the ground?

    Anyone care to answer?

    Share your thoughts below and please send your own recession stories to therecessiondiaries@gmail.com

    • Comments

    • 2 Comments

    Once again, it's great to see someone broach this subject in black media. Once again the number of responses is a depressing reminder of why Tyler Perry is such a hit. I don't know what to think of Cornel West. Very lucky man; impotent leftover radical lecturing rich white kids at Princeton teaching a humanities subject that won't even exist once him and his superstar name are gone.

    but I agree with you on that one. Anyone who helped get us in this mess, shouldn't be in charge of anything. That is one problem I have with the Obama administration. I like our President alot but on this one thing I think he made a mistake. This is the same reason some folks voted for Bush the second time even though he screwed up royally in the first...he made the mess so let him fix it. I think if you made the mess, then obiviously you saw it coming and could have tried to stop it...therefore we don't reward you by letting you keep your job.