Word: washingtonization
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Dates: during 2000-2009
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According to new U.S. Census data, the recession has hit middle- and low-income families hardest, widening the gulf between them and the rich. Lower incomes boosted poverty rates in 31 states and Washington, D.C., from 2007 to 2008, compared with increases in just 10 states the year before. Overall, the U.S. rate hit an 11-year high of 13.2%, while the number of Americans receiving food stamps rose...
...Washington...
...Maher's gibes are too personally directed. The arrogance Keith Olbermann displays is foreign to me. Beck is adorable, even when I disagree with him. Is profitability not a concern for TIME, Newsweek or Oprah? Politicians clearly despise middle-class Americans who dare to question them. Should we trust Washington more? Please recognize the real story of Beck's fans: we're everyday working people concerned about the future of our country, and we don't like censorship...
Sources: New York Times; Washington Post; AP (2); Guardian; Vanity Fair...
...Washington's reading seems to be that we're not subsidizing housing enough. Congress, the Bush and Obama administrations and the Fed have been piling on new aid. For now, they may be correct to do so. With the banking system still shaky, further big declines in house prices could bring disaster. Slowing a price collapse is a reasonable aim of government policy. But as we dig out of this mess, we ought to ask whether the vast infrastructure of government support for homeownership that has been built up since the 1930s is really such a wise policy...