BusinessWeek: ‘Obamanomics’ is Working BusinessWeek: Little more than a year ago, financial markets were in turmoil, major auto companies were on the verge of collapse and economists were worried about the U.S. slumbering through a Japan-like Lost Decade. While no one would claim that all the pain is past, the economy is growing again, jumping [...]
Posts Tagged ‘*Economy’
18 Nov
Broad Brush Issues
Economy Goes From Bad to Worse latimes.com — The bad economic news keeps piling up. Three milestones showing the depths of the downturn were reached: The number of workers filing unemployment claims hit an all-time high, sales of new homes fell to an all-time low, and production of durable goods dropped for the fifth straight [...]
9 Jun
Today’s Issues
BERNIE HORN Why Not Single-Payer? The question most frequently asked by progressive activists at last week’s America’s Future Now conference was this: We hear Obama and congressional Democrats talking about a public health insurance option, but why aren’t they talking about a single-payer system like H.R. 676 sponsored by Rep. John Conyers? Why is single-payer [...]
24 Feb
Goldilocks and the Recovery Act
Center for American Progress SOURCE: AP/Marcio Jose Sanchez People wait in line at an Employment Development Department office in San Jose, CA last month. The final version of the Recovery Act isn’t as good as it might have been, but it will still create or save 3 million to 3.5 million jobs over the next [...]
23 Feb
Political Posturing For Personal Gain
thinkprogress.org | ECONOMY Tomorrow night, President Obama will deliver an address to Congress discussing the economic challenges that lay ahead. Senior Obama adviser David Axelrod told the the New York Times that Obama plans to “present a road map for ‘how we get to a better day.’” “The country is looking for a clear sense [...]
20 Feb
Turning The Tide
thinkprogress.org ECONOMY Turning The Tide: Speaking Wednesday in Mesa, AZ — a giant Phoenix suburb that is a “poster child for foreclosure” — President Obama announced a plan to “help as many as nine million American homeowners refinance their mortgages or avert foreclosure. He asserted his plan would shore up housing prices, stabilize neighborhoods and slow [...]
17 Feb
U.S. Intel Chief’s Shocking Warning: Wall Street’s Disaster Has Spawned Our Greatest Terrorist Threat
By Chris Hedges, Truthdig. Posted February 17, 2009. The Director of National Intelligence argued that Wall Street, rather than Islamic jihad, has produced our most dangerous terrorists. We have a remarkable ability to create our own monsters. A few decades of meddling in the Middle East with our Israeli doppelgnger and we get Hezbollah, Hamas, [...]
15 Feb
THERE GOES RETIREMENT
With their finances in shambles, many in the 60-plus crowd are looking for jobs. Here’s how some are finding work — and adjusting to new lives. By KELLY GREENE Wall St Journal Feb 14, 2009 The advice in recent months — from financial planners, economists and educators — has been unvarying: Retirees whose nest eggs [...]
6 Feb
Broad Brush Issues
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 [...]
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 [...]
