We are finally starting to see some job growth, though unemployment still remains at 9.7%: The nation’s economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month. The increase is the latest sign that the economic recovery is sustainable and healing […]
Yes it is: Unions and liberal groups have dismissed Sen. Harry Reid’s $15 billion jobs bill as “puny” while calling for larger stimulus measures. More than two dozen organizations, including the AFL-CIO, National Association for the Advancement of Colored Peoples (NAACP) and National Council of La Raza, warned Democratic leaders in Congress to avoid tackling […]
Toyota doesn’t think the Obama administration likes them: Internal Toyota documents derided the Obama administration and Democratic Congress as “activist” and “not industry friendly,” a revelation that comes days before the giant automaker’s top executives testify on Capitol Hill amid a giant recall. According to a presentation obtained under subpoena by the House Oversight and […]
Some good news on the unemployment front as the new numbers for January show a decline to 9.7%. Now we get to wait and hear the Republicans explain how this is a failure of the Obama administration.
Now that the American people have bailed out the banking system and our leaders are looking at ways to recoup the hundreds of billions of tax dollars we have spent, Wall Street is starting to look at ways to get out of paying us back. According to an article in today’s New York Times, the […]
New numbers came out today and one of them shows that inflation rose 2.7% last year. That’s pretty bad when people aren’t making us much money and we still have a big unemployment problem, but the problem doesn’t stop there. Social Security recipients didn’t get a raise this year. The calculated that in June, so […]
Throughout 2009 we kept hearing about the need new and more wide-spread financial regulation. That’s when the market was down. Now that it is back up, it looks like new regulations might take a back seat: So what happened to Frank’s initial fervor? The stock market recovery — the Standard & Poor’s 500-stock index is […]
The last decade is by no doubt the Bush decade since he held office for 4/5 of it, so the fact that we had zero net job creating during the decade should really stick to his legacy. To put it in visual terms, check out this graph: You can only blame 9/11 for so much […]
Call the Pope because hell is freezing over: Senators John McCain and Maria Cantwell are joining forces to reinstate the Depression-era Glass-Steagal [sic] Act of 1933, which separated commercial banking from Wall Street investment banking. According to Newsweek, the two plan to announce the bipartisan McCain-Cantwell bill on Wednesday morning. The Glass-Steagall law was repealed […]
Instead of letting Congress vote on one, the IRS went ahead and gave it to them: The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial […]