Is the Recession Over? Author, Democratic Senate Hopeful Jonathan Tasini on "The Audacity of Greed" : Indybay

Many economists are claiming the nation’s worst recession since World War II may now be over. On Thursday the government announced the U.S. economy had expanded by three point five percent in the third quarter, snapping a record streak of four straight quarterly declines. But it appears that most, if not all, of the growth can be credited to government stimulus efforts including the cash for clunkers program and the first-time homebuyer’s credit.

Despite the latest growth figures, workers are still struggling to find jobs. The Labor Department announced yesterday that 530,000 people filed for unemployment benefits last week for the first time. Many analysts expect the nation’s official unemployment rate to soon top ten percent.

President Obama said Thursday the nation still has a long way to go before fully restoring the economy.

Jonathan Tasini joins us now. He runs the blog WorkingLife.org and is the author of the new book “The Audacity of Greed: Free Markets, Corporate Thieves and the Looting of America.” He is challenging Senator Kirsten Gillibrand in the Democratic primary for the 2010 U.S. Senate special election in New York.

Jonathan Tasini, executive director of the Labor Research Association and author of the new book “The Audacity of Greed: Free Markets, Corporate Thieves and the Looting of America.” He runs the blog WorkingLife.org. He is challenging Senator Kirsten Gillibrand in the Democratic primary for the 2010 U.S. Senate special election in New York.

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Is the Recession Over? Author, Democratic Senate Hopeful Jonathan Tasini on "The Audacity of Greed"

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