A new report out by the CBO finds that the stimulus most likely saved this country: President Obama’s much-maligned economic stimulus package added as many as 3.3 million jobs to the economy during the second quarter of this year, and may have prevented the nation from lapsing back into recession, according to a report released […]
This is an interesting article from the AP: A brother of U.S. House Republican leader John Boehner (BAY’-nur) would have seen his unemployment benefits dry up if the congressman had succeeded in his push to defeat an extension-of-benefits bill passed this week. Boehner and most fellow Republicans opposed the measure Thursday, but 61-year-old Bob Boehner […]
Elizabeth Warren has been one of the most sound voices during this financial crisis. Republicans and Democrats have both looked up to her analysis of the problems plaguing our economy and have touted her as one of the brightest minds when it comes to economics. Tim Geithner – not so much. So this story should […]
There is some mixed news on the jobs front. In April there were 290,000 new jobs created, but unemployment also jumped to 9.9%: More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent as people streamed back into the market […]
That’s what leading economists are saying (via Cesca): The recovery is shaping up to be stronger than expected and there is little risk the economy will slip back into a recession, according to USA TODAY’s quarterly survey of 46 leading economists. Yet most still say the rebound will fall short of the sharp, V-shaped upturns […]
CNN is asking if financial regulation will hurt the Democrats fundraising: They do well with Wall Street, but Democrats may now risk biting the hand that feeds many of them — as President Obama and top party leaders press for financial reform. And a key question arises: will there be a squeeze on the money […]
From a Washington Post breaking email alert: Sales at U.S. retailers rose more strongly than expected in March as consumer stepped up purchases of vehicles and wide range of goods, government data showed on Wednesday, suggesting a broadening of the manufacturing-led economic recovery. The Commerce Department said total retail sales jumped 1.6 percent, the largest […]
How dare you lose your job in the Republican created economy!
They finally reached the remaining miners in West Virginia and the outcome was not good. Last night they finally reached the final four missing miners and all were dead. This now makes the disaster at Big Branch the worst mining accident in nearly 4 decades, and one that could have been adverted. We have heard […]
And we can thank Tom Coburn for this: Extended unemployment benefits will temporarily expire for thousands of Americans on Monday because the Senate went on its spring recess without approving a one-month deadline extension. The extension, which had bipartisan support, would have cost about $10 billion, but a lone Republican, Sen. Tom Coburn, said no […]