Economy Sheds 598,000 Jobs ft.com — The U.S. economy lost more than half a million jobs in January for the third month running, figures showed, marking the deepest cut in 34 years. The number of jobs lost last month reached 598,000, while the unemployment rate — 4.4 per cent before the credit crisis — jumped [...]
Archive for February 6th, 2009
6 Feb
‘Are These Folks Serious?’
thinkprogress.org ECONOMY Yesterday, President Obama strongly condemned members of both political parties for characterizing the economic recovery package before Congress as a “pork” spending plan for pet projects: “[W]hen you hear these attacks deriding something of such obvious importance as this, you have to ask yourself, ‘Are these folks serious?’” Despite the loss of 600,000 jobs last month [...]
6 Feb
The Role of Public Coverage Programs in Health Reform
© Center for American Progress Building on Success: The Role of Public Coverage Programs in Health Reform By Meredith King Ledford, Hilary Haycock, Peter Harbage | February 2, 2009 If It Ain’t Broke, Use It: Expanding Public Programs in Health Reform SOURCE: AP/Wade Payne TennCare, Tennessee’s Medicaid program, recipient Terry Shields sits at his kitchen [...]
6 Feb
Rules for A Bank Bailout
By Anders Aslund Friday, February 6, 2009; Page A17 The United States is failing to handle the horrendous banking crisis. The Treasury and the Federal Reserve have sunk hundreds of billions of dollars into the banking system with no real solution in sight. This cannot continue. The world has endured many large-scale banking crises, and [...]
6 Feb
Capitalist Punishment
By Harold Meyerson Friday, February 6, 2009 The Washington Post We are in some ways still a nation of Puritans, and we don’t much cotton to people who can’t take care of themselves and end up sponging off our generosity. We demand that welfare recipients do an honest day’s work for their checks. And now, [...]
6 Feb
Your guide to the economic stimulus bill
By Bill Adair Published on Thursday, February 5th, 2009 at 04:44 p.m. Related rulings: The stimulus bill contains “$20 million for the removal of small to medium-sized fish passage barriers” and “$25 million to rehabilitate off-roading trails for ATVs.” Mike Pence, Tuesday, February 3rd, 2009. Ruling: True | Details “There are no earmarks” in the stimulus [...]
