August 4, 2012

If government was willing, the unemployment rate could be as low as 5%

Another month end, another jobs report. On Friday we received the numbers for August and it was both good news and bad news for President Obama. The good news is that the economy added 163,000 jobs in July which was well above analyst expectations. The bad news is that the unemployment rate ticked up from 8.2% to 8.3%. That small of a change in the unemployment rate (in either direction) isn’t really significant, but the unemployment rate could be several whole points lower by now if government did what it always does in a bad economy: spend money.

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July 31, 2012

Only the ‘One Percent’ and their sympathizers oppose raising the minimum wage

I reported on Friday that over 100 House Democrats are proposing a raise in the minimum wage from $7.25 to $9.80 over the next 3 years, and then tie it to inflation after that. We know it polls high, so who could possibly be against raising the minimum wage? Could it be those noble and patriotic business owners? OK, maybe it’s not all of them but it’s safe to say most of the opposition to raising the minimum wage is comes from the “one percent” and their sympathizers in congress, otherwise known as the Republican Party.

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July 7, 2012

American Jobs Act: Real Jobs For Real People

President Obama proposed the American Jobs Act back in September of last year, a full 10 months ago. This proposed legislation could have put millions of Americans back to work but congress decided doing nothing was a better idea. More specifically, Republicans decided doing nothing was a better idea. There are millions of Americans who could now be working or would be working soon as that money was spent but instead they are on the sidelines, still looking for work and not consuming, only making the economy worse, not better.

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May 25, 2012

Supply Side (Trickle Down) Economics Doesn’t Work. Can We Move On Now?

This topic will never die on The Left Call, at least not until people stop believing the lie that is trickle down economics. This idea that we need to give rich people more money in the form of tax cuts before they will create more jobs would make for a nice laugh if it wasn’t so damaging to the country and to the prospects of income and wealth equality. And when I say equality, I don’t mean totally equal, I’m talking about getting back to something more reasonable, a time when CEOs only made 30 times the average worker instead of 300 times.

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May 7, 2012

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

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 recession since the great depression, but it was George W. Bush who was president at the time.

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