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    Common Dreams. To inform. To inspire. To ignite change for the common good.
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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    recession

    Donald Trump waits in the wings.

    When Will the Contented Class Revolt Against Trump?

    When will these contented ones collectively start saying, “Enough is enough” and it’s time to say to Donald Trump, “You’re Fired”?

    Ralph Nader
    Nov 16, 2025

    The reason the famous and prolific Harvard economist, John Kenneth Galbraith, is often referred to as a political economist can be seen in the continuing relevance of his book The Culture of Contentment (1992). His thesis explains in significant part why President Donald Trump’s wrecking of America has not more significantly collapsed his support, now below 39% approval.

    In the US, the contented classes hail from both parties. They are not a majority of the population by any means, given that half of all Americans are “poor” or “near poor.” They are a majority of the politically and economically influential people who support policies that maintain their comfort at the expense of the necessities of the “functional underclass” left behind in poverty. The contented classes include the super rich, of course, but also the managerial, professional, and wealthier working classes. In addition, they vote at a higher percentage than the poor.

    Keep ReadingShow Less
    corruption
    donald-trump
    Congressional Lawmakers Continue Work On Funding Bill After Government Shuts Down

    GOP Ripped for 'Holding US Economy Hostage' as Nearly Half of States Face Recession

    "At a time when costs are rising and tariffs are wreaking havoc on people's pocketbooks, Republicans are doubling down on their agenda of raising healthcare costs on millions of Americans."

    Jake Johnson
    Oct 20, 2025

    US states accounting for roughly a third of the nation's gross domestic product are currently in recession or on the verge of one as the federal government shutdown enters its fourth week, with congressional Republicans and President Donald Trump refusing to support an extension of key healthcare subsidies that are set to lapse at the end of the year.

    A recent analysis by Moody's Analytics chief economist Mark Zandi estimates that 22 states are experiencing an economic downturn or are at serious risk of recession, a nascent crisis fueled by Trump's tariffs, mass deportations, and sweeping attack on the federal workforce—an assault that has intensified since the federal government shut down at the beginning of October.

    Keep ReadingShow Less
    donald trump
    republican-party
    AI signage at Mumbai summit.

    'Red Flag': Analysts Sound Major Alarms As AI Bubble Now 'Bigger' Than Subprime

    "I wouldn't touch this stuff now," warned one financial analyst about the AI industry.

    Brad Reed
    Oct 03, 2025

    Several analysts are sounding alarms about the artificial intelligence industry being a major financial bubble that could potentially tip the global economy into a severe recession.

    MarketWatch reported on Friday that the MacroStrategy Partnership, an independent research firm, has published a new note claiming that the bubble generated by AI is now 17 times larger than the dot-com bubble in the late 1990s, and four times bigger than the global real-estate bubble that crashed the economy in 2008.

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    chatgpt
    artificial-intelligence
    'Business Continues to Be Severely Depressed': New Reports Paint Dark Picture of Trump Economy

    'Business Continues to Be Severely Depressed': New Reports Paint Dark Picture of Trump Economy

    "The addition of the derivative steel and aluminum tariffs in the middle of the month... was devastating," said one manufacturing executive.

    Brad Reed
    Oct 01, 2025

    Two reports released Wednesday paint an increasingly dark picture of the American economy under US President Donald Trump, matching predictions that his tax policy and chaotic tariffs would ultimately harm workers and put a drag on the nation's financial outlook.

    First, processing firm ADP estimated in its latest monthly report that the US economy lost 32,000 jobs in September, with contractions in employment happening across multiple industries.

    Keep ReadingShow Less
    donald trump
    recession

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