Any expectation that state and local governments would use the worst fiscal crisis since the Great Depression to reduce their biggest expenditures is proving to be wishful thinking. ...more

January 2, 2010

Tavern on the Green, once America's highest-grossing restaurant, is singing its culinary swan song. ...more

December 31, 2009

Helen Wilson knows thrift. In the years after the Great Depression, she raised chickens and planted vegetables at her home in Alexandria, Va., to feed her children. ...more

December 25, 2009

More than a year after the financial crisis devastated the U.S. economy and triggered massive taxpayer bailouts, the House of Representatives narrowly approved the most sweeping overhaul of financial regulations since the Great Depression in hopes of preventing a similar catastrophe. ...more

December 12, 2009

Some early economic indicators show that job losses are slowing and even turning around. That's great news and it can't happen fast enough. With the exception of national security, job creation is our country's top priority. ...more

December 6, 2009

When work began in 2004 to build the world's tallest tower, Dubai's confidence was sky high, with a host of megaprojects on the drawing board or rising from the sands. ...more

December 4, 2009

It is a known fact that World War II made an end to the Great Depression. ...more

November 20, 2009

When FDR became president we were facing an economical condition much as we are today. He instituted a program that put millions of people back to work and helped us get out of the Great Depression. It was a work program that was aimed at building municipal buildings, fixing roads and building bridges. It worked then and could do the same today. The government has said that funding for these projects has already been allocated, so why hasn't it been done? So many people are out of work and so many are losing their homes. A great percentage of these people would gladly take this work to put food on their table and a roof over their heads. ...more

November 15, 2009

Sure, Election Day 2009 will scare moderate Democrats and make passage of Obamacare more difficult. Sure, it makes it easier for resurgent Republicans to raise money and recruit candidates for 2010. But the most important effect of last week's elections is historical. It demolishes the great realignment myth of 2008. ...more

November 8, 2009

Our recession is tough, but imagine an America where the jobless rate was 25 percent instead of 10 percent, where the blue-plate special was 25 cents and many people still couldn't afford it, where there were no unemployment checks or food stamps, where farmers couldn't afford to feed their cattle. ...more

November 8, 2009