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De Fazio says he is hearing a lot of things from his constituents that the Obama administration is paying 90% of its attention to Wall Street and only 10% to the problems of ordinary Americans losing jobs and homes.
Grouped Articles
Q&A: Oregon Democrat DeFazio Calls for Geithner’s Resignation
Wall Street Journal 11/19/2009
5.6 Million Reasons to Doubt Jobless Rate
Wall Street Journal 12/31/2009
New York Times 02/09/2010
Economist 04/29/2010
Mystery for the White House: Where did the Jobs Go?
New York Times 07/19/2010
What Happened to Change We Can Believe In?
New York Times 10/23/2010
The participation rate in the job market for men between 16-64 is dropping over time. It was 85% in the 1950's and has dropped continually after each recession. It is now at 65%. More and more men simply drop out of the labor market after failing to find jobs, creating a disturbing trend for the country. This does not show up in improving unemployment statistics.
Grouped Articles
Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
Candid Criticism for Fed That Wasnât on the Agenda
New York Times 11/08/2013
Women Reach a Milestone in Job Market
Wall Street Journal 11/18/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Grouped Articles
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Wall Street Journal 08/12/2013
No longer the land of opportunity - The Washington Post
Washington Post 01/05/2012
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
Falling Wages at Factories Squeeze the Middle Class
New York Times 11/20/2014
Structural problems like a mismatch of skills between maufacturing and construction sectors worst hit since 2008 and growing sectors like healthcare is one problem. Geographic factors and difficulty selling homes in states like Michigan is another. The tighter credit from a return of banking sector losses from bad home equity loans that is expected in late 2010 will keep the recovery from taking hold keeping unemployment high. The economic uncertainty following repeated budget battles between political parties also affects business investment.
Grouped Articles
90 Million Americans Not Working
Wall Street Journal 10/23/2013
Hiring Slowdown Blurs Growth View
Wall Street Journal 01/20/2014
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
New York Times 04/05/2012
Hiring Is Strong and Jobless Rate Declines to 6.1%
New York Times 07/03/2014
Actions taken at the local level in cities and towns across America to keep jobs and people employed through the crisis.
Grouped Articles
City Tries to Protect Jobs of Preschool Bus Drivers
New York Times 03/11/2009
It Will Be Years Before Lost Jobs Return -- and Many Never Will
Wall Street Journal 10/05/2009
State, Local Tax Revenues Decline 7%
Wall Street Journal 12/30/2009
Poll of Detroit residents finds grim conditions but optimistic outlooks
Washington Post 01/03/2010
Recession-bruised states' revenue sank 30 percent in 2009, Census Bureau reports
Washington Post 01/05/2011
New York Times 02/11/2011
The situation in states like Michigan with the auto industry hit hard, and in other parts of the country.
Grouped Articles
Recipients of Jobless Benefits Down Sharply
Wall Street Journal 12/26/2014
Detroit's Food Banks Strain to Serve Middle Class
Wall Street Journal 07/10/2009
Part-Time Workers Mask Unemployment Woes
New York Times 07/15/2009
Jobs Report Highlights Shaky U.S. Recovery
New York Times 10/03/2009
It Will Be Years Before Lost Jobs Return -- and Many Never Will
Wall Street Journal 10/05/2009
BusinessWeek 10/09/2009
Grouped Articles
Washington War of Ideas Overshadows Need for Jobs
New York Times 06/03/2011
Wall Street Journal 06/04/2011
U.S. Economy Braces for Soft Target
Wall Street Journal 06/11/2011
Job Growth Falters, Clouding Hope for Recovery
New York Times 07/08/2011
Wall Street Journal 07/08/2011
The Unemployed Somehow Became Invisible
New York Times 07/09/2011
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