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Economy

Economy Archive

Hey Mitt, It Was A Republican Who Was President When The ‘Great Recession’ Began

Hey Mitt, It Was A Republican Who Was President When The 'Great Recession' Began

07 May 2012

I would like to remind Republicans, particularly presidential candidate Mitt Romney, that it was a Republican who was in the White House when the 'great recession' began. Romney can try to spin it as Obama's economy or Obama's recession, pretending that Obama was responsible for the worst ...

The “Job Creators” Are Doing Quite Well: CEOs Enjoy 15% Rise In Pay

The "Job Creators" Are Doing Quite Well: CEOs Enjoy 15% Rise In Pay

02 May 2012

Boom time for America's top bosses in 2011 contrasts with wider economy, where average wages have been little better than flat...

A Brief: The State Of Capitalism In The United States Of America

A Brief: The State Of Capitalism In The United States Of America

16 April 2012

I want to make one point very clear, there has never been a "free market" in the United States. If lobbyists can descend on Washington to sway congress to shape legislation in favor of their clients (corporations) then there is nothing free about the marketplace of capitalism in this count...

‘Only’ 120,000 Jobs Added In March, But Public Sector Job Losses Continue To Shrink

'Only' 120,000 Jobs Added In March, But Public Sector Job Losses Continue To Shrink

06 April 2012

The Bureau of Labor Statistics reports that 120,000 jobs were added to the U.S. economy in March. This is the 15th straight month ...

TPM: Unwillingness Of Congress To Spend Slowing Economic Recovery

TPM: Unwillingness Of Congress To Spend Slowing Economic Recovery

13 March 2012

Talking Points Memo has a chart showing the difference between government spending during the Reagan economic recovery and the...

Occupy Fairness: Don’t Let The One Percent Define What Is Fair

Occupy Fairness: Don't Let The One Percent Define What Is Fair

09 March 2012

It really does come down to fairness. Republicans say that high income earners already pay a disproportionate share of tota...

U.S. Economy Grew 3% In 4th Quarter 2011

U.S. Economy Grew 3% In 4th Quarter 2011

29 February 2012

The U.S. Economy grew 3% in the last quarter of 2011 according to the U.S. Department of Commerce. Bloomberg: The Comm...

Sounding Dangerously Conservative: A ‘High’ Gas Price Diatribe

Sounding Dangerously Conservative: A 'High' Gas Price Diatribe

29 February 2012

The following originally appeared as a comment by Steve Schuler to: Santorum Says $4 Gas Caused 2008 Financial Collapse You...

Santorum Says $4 Gas Caused 2008 Financial Collapse

Santorum Says $4 Gas Caused 2008 Financial Collapse

27 February 2012

Today Rick Santorum said gasoline prices were the cause of mortgage defaults that led to the financial collapse of 2008. "We w...

Spending Cuts Hurt Economy: Romney’s Moment Of Clarity

Spending Cuts Hurt Economy: Romney's Moment Of Clarity

21 February 2012

Mitt Romney had a moment of economic clarity today that is in direct violation of conservative credo. At a campaign event in ...

GOP Strategy: Defeat Obama At All Costs, Including The Economy

GOP Strategy: Defeat Obama At All Costs, Including The Economy

20 February 2012

On CNN's State of the Union, Indiana Governor Mitch Daniels attempted to fine tune the Republican talking points on the econo...

51% Say Middle Class Suffering Most From Economic Slowdown

51% Say Middle Class Suffering Most From Economic Slowdown

14 February 2012

Just because you can ask a question doesn't mean it's a valid question. In a United Technologies/National Journal Congressi...

Can We Afford $5 Gas? What Happens When It’s $10? Or Worse?

Can We Afford $5 Gas? What Happens When It's $10? Or Worse?

14 February 2012

In an article on The Washington Post's Wonkblog, Brad Plumer asks, "Many analysts are predicting $4-per-gallon gas or higher b...

Where Do You Suppose The Wealth Of The One Percent Comes From?

Where Do You Suppose The Wealth Of The One Percent Comes From?

13 February 2012

Picture the total wealth of the United States as a giant pie. There are a few people in this country who have slices of pie so...

Strong January 2012 Jobs Report Belies Republican Narrative

Strong January 2012 Jobs Report Belies Republican Narrative

03 February 2012

The U.S. economy added 243,000 net jobs in January and the unemployment rate dropped to 8.3%. Economists had expected a net incr...

The Trickle-Down Economics Lie In One Chart

The Trickle-Down Economics Lie In One Chart

26 January 2012

sources: Internal Revenue Service, Bureau of Economic Analysis click to enlarge chart The chart above displays (in gre...

Republicans Delusional On The Economy And Government

Republicans Delusional On The Economy And Government

06 January 2012

The December 2011 jobs report was released today and the news is quite positive. A net of 200,000 new jobs were created in Decem...

The Republican Lie That ‘Obama Is A Job Killer’ In One Chart

The Republican Lie That 'Obama Is A Job Killer' In One Chart

06 January 2012

Follow-up - February 3, 2012: Strong January 2012 Jobs Report Belies Republican Narrative The GOP talking point that 'Obama ...

No Money No Buying No Demand No Jobs

No Money No Buying No Demand No Jobs

28 December 2011

Tax breaks to the 1% - who Republicans like to call job creators - is not the best way to create jobs. In fact, it's not even cl...

Will A Republican Do Better?

Will A Republican Do Better?

13 November 2011

There is no question the economy is shaky at best. The unemployment picture is still ugly and there isn't much hope that it will...

Job Growth Facts Conveniently Ignored

Job Growth Facts Conveniently Ignored

04 November 2011

The stimulus failed. Obama has failed. Get government out-of-the-way. Government needs to take it's foot off the neck of corpor...

Unfortunately Class Matters

Unfortunately Class Matters

10 October 2011

We are fooling ourselves if we think money and class do not matter. There are many people outraged that banks got bailed out. ...

Obama reveals American Jobs Act

Obama reveals American Jobs Act

09 September 2011

On Thursday night President Barack Obama revealed the details of The American Jobs Act, a $447 billion stimulus bill, to a joint ...

Not Cheering – Not Zero

Not Cheering - Not Zero

30 August 2011

A new report released by the non-partisan Congressional Budget Office (CBO) estimates that the stimulus bill that went into effec...

A Historic Opportunity

A Historic Opportunity

23 August 2011

If you tune into the news networks - with emphasis on Fox News - you are eventually going to hear a talking head say that business...

We Need The Trickle To Stop

We Need The Trickle To Stop

15 August 2011

I've written before about the failed ideology of trickle-down economics. It amazes me that so many prominent Republicans can conti...

Obama Or The Market?

Obama Or The Market?

10 August 2011

If you turn on the news it isn't long before you will hear the standard Republican talking point that President Obama has not show...

A Credible Downgrade?

A Credible Downgrade?

07 August 2011

On Friday Standard & Poor's lowered the AAA credit rating of the United States. The new credit rating is now AA+ and it marks ...

Bad Ideas Die Hard

Bad Ideas Die Hard

04 August 2011

As the economy increasingly begins to resemble the scene pictured below from Live Free or Die Hard (2007) we still have persistent...

Tell Me Again How Jobs Are Created

Tell Me Again How Jobs Are Created

31 July 2011

Trickle down economics is an idea that's been around for many decades. It's also an idea that has been thoroughly proven wrong f...

Infinite Growth Is Unsustainable

Infinite Growth Is Unsustainable

21 March 2011

Capitalism, at least as we know it, requires infinite growth. For-profit companies have to continue to grow in size and increa...

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