Tag: recession

That’s the best growth in 2 years and to many signals an end to the recession. Why couldn’t Obama turn the economy around?

That’s the meme the wingnuts are trying to spin right now, following the lead of Byron York: Vice President Joe Biden’s favorable rating has fallen to 42 percent in a new Gallup poll, down from a high of 59 percent just after last year’s election. Biden’s unfavorable rating in the new poll is 40 percent, […]

This is why we also need banking reform: US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s, according to research. The fees are nearly double those reported in 2000. […]

Yesterday the media was going on that we could hear the new unemployment numbers today and they very well could be above 10%, despite all the other signs of the contrary. Well take a look at this: WASHINGTON (AP) Payrolls drop by just 247,000; jobless rate falls to 9.4 percent, sign recession ending. The numbers […]

Here we go with more of the dumbasses on the right and their constant search for a new outrage. This week it appears to be the fact that Obama played golf this weekend, and it’s his 10th round in as many weeks. Here’s Gateway Pundit: It’s the worst recession since the Great Depression. Dear Leader […]

President Obama has decided to take up immigration, so we all need to keep an eye on Lou: While acknowledging that the recession makes the political battle more difficult, President Barack Obama plans to begin addressing America’s immigration system this year, including looking for a path for illegal immigrants to become legal, a senior administration […]

Everyone has had to see this graph by now. It’s the one put out by Nancy Pelosi’s people. The blue line is the 1990 recession, red is 2001 and green is current. Just looking at that you start to comprehend the seriousness of the current financial situation. Now let’s consider this. Republicans attribute the Bush […]

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 constant message from Republicans over the past several days when it comes to the stimulus package. Digby even picked up on it: Can someone explain to me why I’m seeing Republican after Republican on television advising Americans on the right way to run the economy? Is there any reason why we […]

Just now on Rachel Maddow, Rep. Don Manzullo (R-Il), who voted against the stimulus bill (duhh), was saying he wanted to see something like this. We give people a $5,000 voucher to go out and buy a new car. That way they could get that new car for about $300 a month and that would […]