The forensics on the Sarah Palin pick are going to go down in history.
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Economics News
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, [...]
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 [...]
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, [...]
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.
Says the fundamentals are strong even as America slogs through the Bush-induced malaise…
If you’re in the top 0.1% of earners, John McCain’s tax plan says you might be a winner already!
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.
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
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
In case you were wondering that in the midst of all the drama on the Democratic side of the aisle it was possible for the Republican party to remain brain dead on the seminal issues of our time… wonder no more.
Sen. John McCain on Tuesday rejected calls by his Democratic opponents for universal health coverage, [...]
I was thinking about this but then someone actually did the work. One of the major issues I wrote about on this blog back after 9/11 was about the free money congress and the president handed to the airlines. Just let them die. Trust the market, and let them die. I fear that my sentiments [...]
Wall Street and the right want to eat their cake and have it too. They want vital financial institutions to be left alone, given free reign to do as they wish - but when they screw up and cause a ripple effect throughout the economy they come running to the government for a no-strings-attached bailout.
Eh-eh.
You [...]
The free market is no good if there are no rules.
I fail to understand what the purpose is of the free market if we’re going to engage in socialism and bail out companies like Bear Sterns who claim to be masters of capitalism. This reminds me of the free money the government gave to the airlines after 9/11 that they subsequently used to make their [...]
The people on Wall Street have no idea what they’re talking about.
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