"Going Underwater in the Long Recession" --Barbara Gerson
Going Underwater in the Long Recession
Down Is a Dangerous Direction
How the 40-Year “Long Recession” Led to the Great Recession
By Barbara Garson
If you had to date the Great Recession, you might say it started in September 2008 when Lehman Brothers vaporized over a weekend and a massive mortgage-based Ponzi scheme began to go down. By 2008, however, the majority of American workers had already endured a 40-year decline in wages, security, and hope — a Long Recession of their own.
In the 1960s, I met a young man about to be discharged from the Army and then, by happenstance, caught up with him again in each of the next two decades. Though he died two months before the Lehman Brothers collapse, those brief encounters taught me how the Long Recession led directly to our Great Recession.
In the late 1960s, I was working at an antiwar coffee house near an army base from which soldiers shipped out to Vietnam. One gangly young man, recently back from “the Nam,” was particularly handy and would fix our record player or make our old mimeograph machine run more smoothly. He rarely spoke about the war, except to say that his company had stayed stoned the whole time. “Our motto,” he once told me, “was ‘let’s not and say we did.’” Duane had no intention of becoming a professional Vietnam vet like John Kerry when discharged. His plan was to return home to Cleveland and make up for time missed in the civilian counterculture of that era.
I often sat with him during my breaks, enjoying his warmth and his self-aware sense of humor. But thousands of GIs passed through the coffee house and, to be honest, I didn’t really notice when he left.
In the early 1970s, General Motors set up the fastest auto assembly line in the world in Lordstown, Ohio, and staffed it with workers whose average age was 24. GM’s management hoped that such healthy, inexperienced workers could handle 101 cars an hour without balking the way more established autoworkers might. What GM got instead of balkiness was a series of slowdowns and snafus that management labeled systematic “sabotage” until they realized that the word hurt car sales.
More...and definitely a Good Read...
http://my.firedoglake.com/tomengelhardt/2013/04/09/barbara-garson-going-underwater-in-the-long-recession/
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