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 […]
Not that this is really shocking news, but it does deserve repeating: U.S. states whose residents have more conservative religious beliefs on average tend to have higher rates of teenagers giving birth, a new study suggests. The relationship could be due to the fact that communities with such religious beliefs (a literal interpretation of the […]
I was watching Morning Joe this morning and in utter amazement at the dialogue going on. For a moment I thought FOX had taken over the show. Here’s a clip caught by Think Progress: As Think Progress points out: What’s more, as Center for American Progress Action Fund President John Podesta pointed out to Scarborough […]
That has been the mantra of the Bush administration and Republicans for year, and it was even included in the TARP: Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the […]
Ok I am impressed: Melody Barnes, Domestic Policy Council served as chief counsel to Senator Ted Kennedy on the Judiciary Committee from 1985 to 1993. Want to get an idea of how progressive she is? Read this: In January of 2007, prior to President Bush’s state of the union address, Barnes wrote this essay for […]
The economic hits keep on coming: Retail sales plunged by the largest amount on record in October as the financial crisis and the slumping economy caused consumers to sharply cut back on their spending. The Commerce Department said Friday that retail sales fell by 2.8 percent last month, surpassing the old mark of a 2.65 […]
When no matter what you do, you keep sinking. That’s the best way to sum this up: Nearly a fifth of U.S. borrowers owe more on their mortgages than their homes are currently worth – and that number is growing. 20% of American homeowners are in quicksand right now and more are stepping into it. […]
Here’s his latest headline and all the wingnuts are following suit. Makes you think that Obama wants to steal the millions and billions of the rich and give it to the poor in some modern day Robin Hood sense – doesn’t it? Well if you check out what Obama was actually talking about, you would […]
Everyone got their drinks ready for the night? Wonkette has the rules up for tonight’s drinking game, so let’s get ready to debate! 9:03 Where do you stand on the financial recovery plan Obama: This is the final verdict on 8 years of Bush and McCain’s economic plan. Fundamentals of economy must be measured by […]