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How the 40-Year ‘Long Recession’ Led to the Great Recession

Apr 10, 2013
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 tumble. 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.