The Facts

Reports

Main Street Recovery Program

A Substantial, Strategic and Sustained Plan for Economic Revival

By Institute for America's Future
December 23rd, 2008
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Main Street Recovery Program

Our economy now faces the most serious crisis since the Great Depression. The financial crisis that was triggered by the bursting of the housing bubble has now spread to the real economy, and we face a sharp downturn that is spreading across the globe. A serious recession now seems unavoidable in the United States, as well as Europe and Japan. The developing world is already struggling with financial turmoil and economic decline. For the first time since the 1930s, we face a real risk of deep worldwide economic contraction.

Restoring economic growth will require a bold, multifaceted plan. This must begin with a recovery program for Main Street — substantial fiscal expansion to revive the real economy.

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Minsky and Economic Policy: “Keynesianism” All Over Again?

By Éric Tymoigne
The Levy Economics Institute
October 01st, 2008
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Author Organization(s): 
The Levy Economics Institute
Author(s): 
Éric Tymoigne
Report: 
Minsky and Economic Policy: “Keynesianism” All Over Again?
Publication Date: 
10/01/2008
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Fast Facts

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Armand Biroonak's picture

CAF STAFF

Manufacturing Jobs Decline 17% Past Seven Years

Submitted by Armand Biroonak
October 6th, 2008

Between 2001 and 2007, more 3 million manufacturing workers lost their jobs—a 17 percent decline.

Source
Associated Press
Alexander Sewell's picture

CAF STAFF

Unfair Taxes, Benefit Wealthy, Hurt Middle Class

Submitted by Alexander Sewell
October 14th, 2008

Today, the top federal income-tax rate for ordinary income is 35 percent, meaning that earned income is taxed at a rate 2 1/3 higher than income from capital gains

Source
[Citizens for Tax Justice]
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Fact Sheets and Briefs

Investing In People

By OurFuture.org Staff
November 13th, 2008

Here are some basic facts behind our call for "real investment" in people, assembled from recent government and private studies. We've fallen behind as a nation, but making the right spending choices will yield lasting dividends. more »

The Case For A Program To Rebuild America

By OurFuture.org Staff
October 30th, 2008

Conventional wisdom holds that America has to get the federal budget deficit under control. Conservatives and even some good-government moderates have called for a virtually government-wide spending freeze. But cutting federal spending during a recession is a recipe for depression. To climb out of the hole that conservative economic ideology and policy has thrown us into, we need federal spending to reinvigorate economic growth. We should use this moment to make investments that will improve our future. Here's why. more »

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Public Pulse

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Isaiah J. Poole's picture

CAF STAFF

Economy Has Young People Living On the Edge

Submitted by Isaiah J. Poole
July 22nd, 2008

A poll done for Qvisory, an online advocacy organization aimed at helping young adults manage economic and lifestyle issues, revealed that the results of conservative economic policies have taken a severe tool on people between the ages of 18 and 35. In the Greenberg Quinlan Rosner Research poll :

Source
Greenberg Quinlan Rosner Research. "Young People: Living on the Edge." July 22, 2008
Isaiah J. Poole's picture

CAF STAFF

Record Percentage of Americans Sees Themselves As Worse Off

Submitted by Isaiah J. Poole
June 3rd, 2008

Fifty-five percent of Americans interviewed in a May 30-June 1 Gallup Poll said they were worse off financially than they were a year ago. This is the first time in the 32 years that Gallup has tracked this question that a majority of Americans have declared themselves worse off financially. more »

Source
Gallup Poll. "Record-High 55% of Americans 'Financially Worse Off.'” June 2, 2008.
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