The economic downturn that started in the week before the downgrade debacle is a classic double dip recession. People immediately began using #teacession to describe this situation, and The Great Teacession, an effort to both label and chronicle the mess made by radical corporatists and racists was born.
As I write this the official unemployment rate is 9.4% and the less cooked U6 number is nearly 20%. This is revolution territory for a society long accustom to 4% unemployment when things are good and 6% when times are tough. One American in ten eats thanks to the USDA’s food stamps program and one in five toddlers seen in emergency rooms are found to be malnourished. We are the wealthiest country in the world, but with a health care system worthy of a banana republic and income inequality to match.
The racists who triggered this immediately began blaming President Obama for the mischief they have done. This message will resonate with their aging, shrinking, 98% Caucasian demographic. The rest of the country senses something wrong and needs only a snappy label to define the source of their suffering. As I write about The Great Teacession I hope this name, a play on The Great Depression of my parents’ lives, takes root and spreads.
I chose Tumblr as the venue for The Great Teacession for a variety of reasons, but the foremost is that people half to a third of my age, those who are just awakening politically, have flocked to this place. I hope to both reach them and feature well done reporting from among their ranks.