Two Long Recessions  by: Paul Rosenberg  Sat Mar 15, 2008 at
13:39  (Another shot at getting some attention to this, since
I'll be posting a follow-up diary soon. - promoted by Paul
Rosenberg)  As concerns rise about a looming recession, there
have been a couple of reminders recently about much longer
recessions that generally pass unnoticed:  (1)   On March 10,
the LA Times carried an Op-Ed, "Our three-decade recession: The
American quality of life has been going downhill since 1975," by
Robert Costanza, which dealt with the inadequacy of GDP as an
indicator of economic growth that produces real value, and
talked about alternatives, including the Genuine Progress
Indicator, which I discussed in my diary, "Republicans Are BAD
For The Economy", back in early February.  (2)  But if three
decades seems like a long recession, what about a permanent one?
 That's the subject of a March 6 post at Facing South, the blog
of the Institute for Southern Studies/Southern Exposure, "Black
America is in a permanent recessio