Poor Us: The Great Depression 2.0

May 21, 2009

Bubblicious: From NPR to MGM Recession Tales Defy Reality

Girl And Movie Poster, Cincinnati, Ohio, 1938 by WPA Photographer John VachonA couple of weeks ago on NPR Planet Money, a podcast often referenced by Poor Us, reporter Adam Davidson interviewed TARP Oversight Committee Chair Elizabeth Warren, who also happens to be a Harvard law professor with 30 years of experience studying  contracts and credit. Davidson proceeded to get all “yelly,” dismissing Warren’s focus on the plight of the family in the financial crisis as “not in the mainstream of views on this issue,” and finally instructing her on what her job should be:

“What it feels to me is what you are missing is that — I think we put aside your pet issues. We put them aside. We put them aside until this crisis is over.”

The response from listeners was immediate and fierce as hundreds of comments appeared on the Planet Money blog deriding Davidson on his unprofessional conduct and his undisguised pro-Wall Street,  anti- family bias. Ryan Chittum of the Columbia Journalism Review blog The Audit explains:

If you want a peek inside business-press mentality, and why certain stories get reported and others don’t, you can do worse than start here. It sees Warren as an outlier whose views, based on decades of research, are suspicious. It would never, ever have badgered a former bank exec, say, like this if one had been chairman of the panel.Davidson has been talking to too many bankers and insiders who sneer at someone not inside their bubble.

It’s really no surprise that Wall Street’s interest in wage-earners ended as soon as our pockets had  been picked clean. Still it was a shock to witness a reporter claim the oligarch’s POV as “mainstream.”  Perhaps Davidson needs to get out of the bubble and visit the “real” America.

Of course, he might get more than he bargained for on his Sullivan’s Travels. In that 1941 Preston Sturges’  satire, a movie director famous for his screwball comedies decides at the height of the Great Depression to take to the road incognito as research for his next picture.

Sullivan:     I want this picture to be a . . . document. I want to hold a mirror up to life. I want this to be a picture of dignity . . . a true canvas of the suffering of humanity.

LeBrand:    But with a little sex in it.

Sullivan: [reluctantly] But with a little sex in it.

Davidson might find out as Sullivan did that “true humanity” is not a  “pet project” with which to trifle. Of course, Sullivan retreated right back into Hollywood’s bubblicious version of reality, but his dream of holding up a mirror to our suffering lives on. As we speak, hundreds of empathy-fueled network execs and studio chiefs are struggling to fathom the petty concerns of the worried, out-of-work sad sacks who litter the landscape beyond the San Andres Fault.  They mean to care, and they certainly want to sell tickets and garner high ratings, yet too often when they let their imaginations roam outside the bubble they get reality wrong.

For expample, what made them think that now’s the moment we’re itching to be reminded  that “greed-is-good”?  Yet they’ve fast-tracked Oliver Stone’s Wall Street 2, with the unavoidable Shia LaBeouf in the Charlie Sheehan role.

And surely the perfect entertainment for a nation with  six million unemployed is  Fox network’s upcoming reality show:

Someone’s Gotta Go, where each week employees at an actual small business that needs to cut costs will pick who gets the heave-ho.”

Of course, for every lame attempt to relate, such as this gag-inducing pitch:

The Company Men, John Wells (“ER” executive producer) writing and directing, now in production. Ben Affleck gets downsized from hotshot corporate gig; salt-of-earth brother-in-law Kevin Costner helps him find blue-collar work.

There will be a snarky effort to crack wise like this “Friends” without benefits sitcom:

Canned, ABC, sitcom Group of Generation X friends all get laid off from their banking jobs.

Nonetheless, for all its faults, we’re only on the hook to Hollywood for the price of a ticket, whereas Wall Street and their bedfellows in corporate media cost us everything we’ve got or ever hoped to have. Tip to Davidson: if you or your ilk do step outside the bubble, travel fast and incognito or you could end up in reality according to director Sam Raimi (Spider-man, Evil Dead), who is always looking to tear the bubble a new one. :

Drag Me to Hell, Loan officer (Alison Lohman) forecloses on elderly woman, causing demonic curse. May 29 release.

Here’s a round up of greenlighted economy-themed films and TV series (after jump)  from Recession’s star rises in Hollywood:

Recession Films


May 18, 2009

Interactive Misery Map: Watch US jobs disappear before your eyes

June 2007June 2008 March 2009

A lot of people are unemployed, even 24-hour cable news anchors tell us that much; and we can turn to the internet to fill us in on the multi-million dollar Wall Street paydays that remain a fact of life. Still, while we’re told things are getting better, everyday people continue to tell stories of hardship. So how can we get a handle on the impact the recession is having on the nation? Slate’s recently updated interactive map of job loss across the country did the trick for me. The trio of images above provide national snapshots of employment –blue for job growth, red for job loss– in June 2007, June 2008 and March 2009 (updated last week using the latest figures ). For the record, the number of jobless claims — those drawn by workers collecting benefits for more than one week — rose 202,000 in the week ended May 2 to 6,560,000, the highest level since the government started keeping track in 1967.

When Did Your County’s Jobs Disappear?An interactive map of vanishing employment across the country, updated with the latest figures.
By Chris Wilson

The economic crisis, which has claimed more than 5 million jobs since the recession began, did not strike the entire country at once. A map of employment gains or losses by county tells the story of how those job losses first struck in the most vulnerable regions and then spread rapidly to the rest of the country. As early as August 2007, for example—several months before the recession officially began—jobs were already on the decline in southwest Florida; Orange County, Calif.; much of New Jersey; and Detroit, while other areas of the country remained on the uptick. Updated Thursday, May 14, 2009 The Slate map uses the Labor Department’s local area unemployment statistics for each county in America. Because the data are not seasonally adjusted for natural employment cycles throughout the year, the numbers you see show the change in the number of people employed compared with the same month in the previous year. Blue dots represent a net increase in jobs, while red dots indicate a decrease. The larger the dot, the greater the number of jobs gained or lost. Click the arrows or calendar at the bottom to see each month of data. Click the green play button to see an animation of the data.

h/t Creditslips

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