Tag: Economy
American Enterprise Institute: Stimulus Worked!
Republican politician have been running around bashing Obama’s stimulus plan for a while now. Meanwhile, the economy has slowly been recovering from Bush’s FUBAR economic policies. Even the conservative American Enterprise Institute agrees that the stimulus worked: AEI has its economic outlook, by John Makin. Notice anything strange here? We can expect 2010 to be […]
The Aughts: The Failed Conservative Experiment
Devilstower’s at Daily Kos blogged today about the lost decade of aughts. I recommend reading the whole thing if you get a chance but here’s an excerpt: Don’t forget the naughts, because this decade, no matter what anyone on the right might say, was conservatism on trial. You want less taxes? You got less taxes. […]
Better Than Expected Job Numbers Announced Today
I never thought I’d see the day when 10% (U3) unemployment was considered good news, but the new jobs report showed unemployment edged down from 10.2% to 10% and the economy lost only 11,000 jobs last month. The unemployment rate fell to 10 percent in November as employers cut the smallest number of jobs since […]
War – What Is It Good For?
Matthew Yglesias takes a look at the cost of war versus the economic benefits on the home front and comes to the standard meme that the financial burden of war might have some good on the economy: But the basic progressive analysis of the current economic situation is that higher short-term debt levels are socially […]
Double-digit Unemployment
Unemployment hit 10.2% in October which is painful for many especially those without college degrees as they have been hit the hardest. There is no solace for the unemployed in the following fact, but employment always lags behind economic growth. Here is an interesting chart supplied by The White House that shows some light at […]
US Chamber of Horrors
Delaware Liberal like facts and we like pretty pictures, consequently we love graphs. Daniel Gross at Slate did a fine piece on the failings of the US Chamber of Commerce: But there is a fundamental reason why the chamber isn’t being invited into the rooms where legislation and policy are being made these days: It […]
The Republican Guide To The Stock Market
Steve Benen brings us the rules for watching the stock market, according to Republicans: Just so we’re clear, here’s a helpful guide to the rules of Wall Street watching, as they relate to partisan politics: When the markets went down on Bush’s watch before the 2008 elections, this was Bill Clinton’s fault. When the markets […]
Conference Board Predicts Economic Recovery
The Conference Board has released its report on economic indicators. The report is signaling that recovery from the recession is about to begin or is in its beginning stages. The Conference Board LEI for the U.S. increased sharply for the second consecutive month in May. In addition, the strengths among its components continued to exceed […]
Obama Announces New Regulatory Plan
Yesterday the Obama administration released its plan for new regulations of the banking and finance industry. The President’s plan will: Require that all financial firms that pose a significant risk to the financial system at large are subjected to strong consolidated supervision and regulation Increase market discipline and transparency to make our markets strong enough […]
Brad DeLong Has A Proposal
Even though we’ve seen improvement in the overall economy, the economic recovery will be long and painful. The latest unemployment numbers showed a jump in unemployment to 9.4% (U3) and the economy still lost >300,000 jobs last week. There’s been talk in some places of a second stimulus package because the first was not large […]
Will We Soon Return To $4/Gallon Gas?
Matt Yglesias has a question: What I can see is the present, where markets react to any sign of good economic news with a big jump in oil prices. And the news in question is of the “things aren’t getting bad quite as quickly as we feared” genre of good news. What if six months […]
Signs of Economic Recovery: State Unemployment
The latest regional unemployment numbers are out and the news is decidedly better: Twenty-one states recorded over-the-month unemployment rate decreases, 18 states and the District of Columbia registered rate increases, and 11 states had no rate change, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The overall unemployment rate rose […]
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