The Heritage Foundation is touting a negative opinion of the cash-for-clunkers program by Alan Greenspan. Heritage seems to not realize that it isn’t 1999 and Alan Greenspan isn’t exactly seen as the ubergenius he once was.
Greenspan, 82, who was chairman of the Federal Reserve central bank from 1987 to 2006, was a leading cheerleader for [...]
Economics News
Your Expert Is A Little… Flawed
August 4th, 2009
12 Comments
The Base & Their Money Bins
July 31st, 2009
91 Comments
I Hope One Day To Pay The Higher Taxes Associated With The Kind Of Person Who Owns A Home Like This
Conservative republican efforts to whip up sympathy for the uber-rich is always funny. Look, the vast majority of us work hard and would love to have the burden of being in the tax bracket of [...]
Go Krugman
October 13th, 2008
9 Comments
It makes wingnuts cry.
The American economist Paul R. Krugman won the Nobel economics prize on Monday for his analysis of trade patterns and location of economic activity.
Mr. Krugman, 55, a professor at Princeton University in New Jersey and a columnist for The New York Times, formulated a new theory to answer questions about free trade, [...]
Taxes & Patriotism: A Tale As Old As Time From The Right
September 18th, 2008
33 Comments
Joe Biden, 2008
“Catholic social doctrine as I was taught it is, you take care of people who need the help the most,” he said. “Now it’d be different if you could make the case to me that by giving this tax cut to the very wealthy, everybody else was going to be better off. We [...]
Paulson Setting Up Massive Corporate Welfare
September 18th, 2008
9 Comments
At first glance that’s how this sounds to me.
Treasury Secretary Henry Paulson is working on a plan that would set up a government facility to take on bad debts from financial institutions, preventing a worsening of the global credit crisis, Wall Street sources have told CNBC.
The facility would be similar to the Resolution Trust Corporation, [...]
“The Greatest Deregulator”
September 16th, 2008
1 Comment
That’s what John McCain called himself a little over a year ago. But you should totally totally totally believe him when he promises today to bring regulatory oversight to the collapsing financial system.
Real believable.
McCain Still In Denial On The Economy
August 20th, 2008
3 Comments
Says the fundamentals are strong even as America slogs through the Bush-induced malaise…
John McCain’s Free Money
August 19th, 2008
3 Comments
If you’re in the top 0.1% of earners, John McCain’s tax plan says you might be a winner already!
You Can’t Trust Republicans With Your Money
July 28th, 2008
22 Comments
When George Bush attained the presidency in 2000, there was a budget surplus left from President Clinton. There is now a record $482 billion deficit.
Does The World Sense Weakness?
June 11th, 2008
2 Comments
Some of these stories remind me of the the late ’80s and early ’90s when the Japanese were on a buying spree here.
Report: Abu Dhabi Poised to Buy Chrysler Building for $800M
Anheuser-Busch Confirms $44.6 Billion InBev Offer
McCain: Pay For Corporate Tax Cut With Defense Cuts
June 11th, 2008
7 Comments
These people are insane. Not only do they want to cut taxes for big corporations like the energy companies, but the way they think we should make up for it is to cut defense spending?
Even the people who support cuts in defense spending (I’m not much for that) would think that doing so to give [...]
Democrats Narrow The Income Gap, Republicans Increase It
May 28th, 2008
2 Comments
This post brought to you by “Duh!”
Bartels comes to this conclusion by examining what happened to income inequality from President Truman to President George W. Bush. He writes, “Under Democratic presidents, poor families did slightly better than richer families (at least in proportional terms), producing a modest net decrease in income inequality; under Republican presidents, [...]
Don Luskin, Another Loser On McCain’s Economic Team
May 18th, 2008
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Good, detailed research on how Donald Luskin, part of John McCain’s economic team could not see any problem with the crumbling subprime market or the overall economic slowdown. Combine this with the Carly Fiorina: Fail, Seriously, Fail expertise and this is clearly good for John McCain.
I can’t wait until he appoints Amy Winehouse as [...]
McCain Economic Lead Carly Fiorina Cut Jobs & Got A Pay Raise During Tenure At HP
May 16th, 2008
2 Comments
Touted as John McCain’s economic brain and recently appointed as the RNC Victory Chair, it is worth looking back at Carly Fiorina’s history in business for a clue to the type of policy McCain would undertake in the unfortunate event he is elected president.
In this case, let’s take a peep at one year during Fiorina’s [...]
Carly Fiorina And John McCain
May 15th, 2008
9 Comments
When I first saw that John McCain was pushing failed CEO Carly Fiorina as his frontperson on business/economic issues I figured it was a little weird. There are a lot of successful business/CEO types who are happy little soldiers for the GOP, I can’t for the life of me figure what the upside of picking [...]
And John McCain Wants To Privatize Social Security
May 12th, 2008
30 Comments
A little bit of foreshadowing.
Despite extensive efforts to educate workers about saving for retirement, many employees are not doing a good job of managing their company-sponsored 401(k) accounts, a new study indicates.
The analysis of nearly 1 million retirement portfolios found that 69 percent have inappropriate risk or diversification of holdings and 36 percent have worrisome [...]
