Ebook: False Profits: Recovering from the Bubble Economy

Despite reports that the recession may be ending, the unemployment rate is sky high and home foreclosures are at record levels. It's no secret that the U.S. economy is in shambles because of the recent housing bubble. However, according to Dean Baker, Co-Director of the Center for Economic and Policy Research, the people who looked the other way as the eight trillion dollar housing bubble grew unchecked are trying to rewrite history by downplaying the impact of the bubble. In False Profits: Recovering from the Bubble Economy, he recounts the strategies used by the country's top economic policy.;Cover; Contents; Acknowledgments; Introduction; 1 Economic Collapse: It Is Their Fault; 2 Surveying the Damage; 3 The Terrible Tale of the TARP; 4 Will They Ever Discover the Housing Bubble?; 5 Stimulus: It Is Just Spending; 6 Real Stimulus: Progressive Programs to Boost the Economy; 7 Reforming the Financial System; 8 Remember the Housing Bubble!; Notes; Index; About the Author.