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 […]
This is another sign of the times: Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem. About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions […]
It’s looking like the health care bill may not hit the President’s desk until after the State of the Union address: The White House privately anticipates health care talks to slip into February — past President Barack Obama’s first State of the Union address — and then plans to make a “very hard pivot” to […]
Image via Wikipedia We knew that it was only a matter of time before the public shifted the blame of the economic mess from Republicans to Democrats and that time has come: Nearly two years into the recession, opinion about which political party is responsible for the severe economic downturn is shifting, according to a […]
Another sure sign of the recession. This is the highest rate in 5 years. Something interesting I just saw. I had on Morning Joe and he was talking to Erin Burnett of CNBC. They were trying the usual “sugar coating” of the economy when Burnett was handed a piece of paper. She looked at it […]
We have had a Democratic Governor for all of 9 days now and already he has done more progress than Taft ever did: Gov. Ted Strickland signed his second executive order today, creating an energy adviser to coordinate the state’s efforts to create jobs through fuel-saving initiatives. “One of the core principles of my Turnaround […]
A story is making the rounds by the AP talking about the locked out A.K. Steel workers, here in my own town. This isn’t the first time the story has made national news, as the lock out has gone on for most of the year, but it is now at the point that the striking […]
While we hear reports of our economy doing good, we are presented with a harsh reminder of what outsourcing has done to our nation. This from theAssociated Press: General Motors Corp. said Tuesday it plans to nearly triple the number of cars it produces in India to meet growing demand in the South Asian country. […]