Economy

  • Will Obama's housing plan provide relief?

    The administration's $275 billion program to deal with foreclosures is a departure from the do-nothing Bush approach--but it falls short of what's needed.

  • Budget slasher sequel in California

    Arnold Schwarzenegger's state budget will be a crippling blow to working people--at the same time as it diligently protects the interests of the rich.

  • The Detroit 3 are closing in

    U.S. automakers are using government loans as a pretext to eliminate retiree health care costs and pensions--and the UAW is letting them.

  • Why should bankers get more of our money?

    The Obama administration is proposing a new phase in the Wall Street bailout that would transfer yet more billions into the pockets of rich financiers.

  • The end of free trade?

    Despite Barack Obama's criticism of NAFTA on the campaign trail, his administration is seeking to maintain and expand such free-trade deals.

  • Can you afford college?

    For a growing number of people faced with rising tuition and loans drying up, the grim answer to that question is: "Not anymore."

  • The bottom falls out on jobs

    A host of major U.S. corporations, including Home Depot, Caterpillar and Sprint, announced big jobs cuts this week--75,000 in one day alone.

  • The biggest swindle of all

    The scale of Bernie Madoff's $50 billion fraud is staggering, but that shouldn't be allowed to obscure the bigger crimes at the heart of the capitalist system.

  • Will the government take over the banks?

    Citigroup and Bank of America are staggering under a new wave of losses as the deepening recession drags down the financial system.

  • Payday parasites

    The payday loan industry has mushroomed by preying on workers whose shrinking real wages fail to cover rent and put food on the table.

  • $750 billion isn't enough

    Barack Obama's proposed economic stimulus plan is hundreds of billions of dollars short of what's needed--and much of it is misdirected.

  • Intro to Obamanomics

    SocialistWorker.org looks at who Barack Obama put in charge of economic policy--and what to look for when the administration gets in office.

  • Victims of the "rescue"

    Congressional leaders say their auto bailout is tough on Big Three executives, but autoworkers, not management, will suffer far more.

  • Who caused the great crash of 2008?

    There's no shortage of people to blame for the worsening economic disaster. But the scale of the crisis raises questions about the capitalist system itself.

  • A victim of Wal-Mart's greed

    The death of a worker who was trampled at a Wal-Mart store in Long Island is being blamed on the crowds, but that lets the rightful target off the hook.

  • America's hidden hungry

    Government statistics show a spike in the number of people going hungry in the U.S., but experts say that far worse is still to come.

  • The deflation threat

    The fall in prices for gas and food may seem like a silver lining in dark economic times--but it could be an omen of a much deeper recession.

  • The do-nothing summit

    The Group of 20 emergency meeting on the global economic crisis hosted by George Bush was notable for how little of substance it accomplished.

  • From bailout to boondoggle

    The $700 billion bailout of Wall Street was supposed to boost the economy, but it's become a giveway to big business, while the economy keeps sinking.

  • A bailout for the auto industry?

    The Big Three U.S. automakers want taxpayers' money to cover their losses. But would a bailout benefit working people?

  • How low will it go?

    The U.S. economy is slipping deeper into the worst crisis since the Great Depression--and the rest of the world is tumbling down after it.

  • The crisis spreads past Wall Street

    Jobs are getting hard to hold onto--and even harder to find--as major corporations and governments alike aggressively slash their payrolls.

  • Blaming the victims of the crisis

    The right claims that working-class African Americans and immigrants are to blame for the housing crash that has triggered a financial panic.

  • A new Great Depression?

    As the economy worsens and the government carries out an unprecedented intervention, working people are rightly worried about the future.

  • Comrade-in-chief?

    Some right-wingers say the government's plan to buy into major U.S. banks is the latest sign of "creeping socialism." They've got it wrong.