Down the up Escalator

Down the up Escalator

How the 99 Percent Live in the Great Recession

Book - 2013
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"An intimate look at the lives of Americans who have been affected, in very different ways, by the 2008 Recession"-- Provided by publisher.
"One of our most incisive and committed journalists--author of the classic All the Livelong Day--shows us the real human cost of our economic follies. The Great Recession has thrown huge economic chal­lenges at almost all Americans save the super-affluent few, and we are only now beginning to reckon up the human toll it is taking. Down the Up Escalator is an urgent dispatch from the front lines of our vast collective struggle to keep our heads above water and maybe even--someday--get ahead. Garson has interviewed an economically and geographically wide variety of Americans to show the pain­ful waste in all this loss and insecurity, and describe how individuals are coping. Her broader historical focus, though, is on the causes and consequences ofthe long stag­nation of wages and how it has resulted in an increasingly desperate reliance on credit and a series of ever-larger bubbles--stocks, technology, real estate. This is no way to run an economy, or a democracy. From the members of the Pink Slip Club in New York, to a California home health-care aide on the eve of eviction, to a subprime mortgage broker who still thinks it could have worked, Down the Up Escalator presents a sobering picture of what happens to a society when it becomes economically organized to benefit only the very rich and the quick-buck speculators. But it also demonstrates the wit and resilience of ordinary Americans--and why they deserve so much bet­ter than the hand they've been dealt"-- Provided by publisher.
Publisher: New York : Doubleday, 2013
ISBN: 9780385532747
0385532741
Branch Call Number: 339.2 GAR 2013
Characteristics: 271 p

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toby65
Jul 23, 2013

The author's old hippie attitudes sometimes get in the way of an otherwise interesting book.

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StarGladiator
May 31, 2013

Are you certain this author understand the causes for the "Great Recession" (most of us refer to it as The Great Deleveraging, or the Present Depression)? Does it sound as if the author is reframing on behalf of Wall Street? That these "economic follies" just happened "by accident" or were "unintended consequences"? The four publications she has been published in have been highly mediocre over the past decade; have you really learned anything from Van Heuvel's "The Nation" lately? Or "Harper's"?

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