Human Disaster or New Reality?
Sunday marked a new chapter in collaboration as the New York Times published an Op-Ed by Dean Baker, co-founder of the Center for Economic and Policy Research , and Kevin Hassett, senior fellow and director of economic policy studies at the American Economic Institute entitled The Human Disaster of Unemployment . Last night the two shared a round table discussion on the PBS News Hour . To say that in general they sit on the opposite side of political theory is even more obvious by Hassett's 2008 article for Bloomberg titled How the Democrats Created the Financial Crisis . Nonetheless the two are in complete agreement that neither party was ready for the "great recession", nor is either party leading in a real recovery. As discussed in Knowledge Transfer a few days ago, the number of unemployed and underemployed in their 50's and 60's who've been in that state for more than six months continues to increase, as Hass...