The July trade report is out. Exports are rising, but imports are rising even more. So our vast, humongous, enormous, out-of-control trade deficit continues its upward trajectory, sucking more jobs and money from our economy.
What fresh hell is this? When Congress returns Republicans are going to try their damndest to shut down the government over Obamacare. After that they will cross the Styx, and threaten to explode the world economy. How much damage will they do?
Inequality awareness test: If someome makes $50,000 in one state, but the company lays the worker off and moves to a low-wage state to hire someone for $25,000, doesn't that mean that net wages paid to American workers is $25,000 less?
Tea Party types say the "sequester" is just cutting "waste" out of the government. In Santa Clara County, CA 18,000 families face possible homelessness Sept. 1. And that's just one county of thousands.
Here are three words or phrases currently being used widely that back up Republican anti-government propaganda. And here are some ideas about what you might want to say instead.
Here is one thing Congress could do that would create more jobs, boost the economy and reduce both the budget deficit and the trade deficit. It would provide a big boost now, and an ongoing boost from now on.
As we remember Martin Luther King Jr.'s "I Have A Dream" speech, it is a good time to reflect on our own dreams of what our society could become. What is my dream? It starts with jobs. But it goes on from there.
Martin Luther King Jr. outlined his dream 50 years ago this weekend. We made much of it happen. Let's dream some more. Let's dream about what we could do in the next 50 years.
Let’s put people to work fixing our roads and bridges, and teaching our children. Here's one way to show how a job-creation program starts a virtuous cycle that benefits everyone.
America used to have a thriving computer-chip manufacturing industry. Now China does that. America deserves to have a solar manufacturing industry, even if the "serious people" say this should end up in China, too. This is about jobs.
The parents of the Republican Party are away for the summer and the Tea-nagers are ransacking the House. But is it really a surprise that people who hate government itself would act to destroy government itself?
Two new stories today that just happened to be located one after the other in my news feed illustrate the divide between what most of us are experiencing, and how the Very Serious People see good times rolling.
Republicans are trying to get people to blame Detroit's working people for Detroit's problems, while just ignoring the $12 billion/month automotive trade deficit caused by "free trade" agreements. Seriously? They expect us to swallow that nonsense?
Serious People said budget deficits hurt the economy. We increased taxes on the rich and the deficits went down. Now Serious People say taxes hurt the economy.
It is not hard to imagine ways we could fix the terrible unemployment situation. Fix the country's crumbling infrastructure. Fix trade. Stop the stupid "sequester" budget cuts. You can even get a little bit visionary.
Giving unemployment benefits to unemployed people keeps them from going to your boss and offering to do your job for half what you are paid. . Employers want a "seller's market."
Republicans are going to spend August "blaming President Barack Obama and his fellow Democrats for Americans' unhappiness with government." That's right, they're going to blame government, not themselves.
Two stories in the news today illustrate what is happening to the middle class. One story is about numbers showing how the middle is being squeezed. The other is about how people are literally being squished.
The blogosphere is talking about how Republican Majority Leader Eric Cantor was caught in an outright falsehood about the country's deficit, and how PolitiFact backed him up.
The enormous, humongous, vast, staggering, unbelievable, job-sucking, economy-sucking US trade deficit shrank to “only” $34.2 billion from a revised $44.1 billion in May. Exports of US goods and petroleum were […]
If you reward bad behavior you create an incentive for the bad behavior to continue. This is certainly the case with taxes on profits made outside the country. Rewarding multinational […]
Republican Senator Ted Cruz says a government shutdown is no big deal, because the government shuts down every weekend. That’s like saying it’s OK to be dead, because you are […]
This week the President offered Republicans a corporate tax reform plan that basically gives them everything they want (before negotiations even begin,) in exchange for please allow We the People […]
The President visits Chattanooga today to continue to promote his job-creation campaign. But Amazon? Really? Why is President Obama using Amazon to tout his ideas for job creation? President Welcomed […]
Today is the 48th birthday of Medicare! President Johnson signing the Medicare program into law, July 30, 1965. Photo credit: LBJ Presidential Library. Before Medicare only half of older Americans […]
The President is pushing a jobs agenda to grow the economy “from the midddle out.” Insider DC is mocking him because the ideas — infrastructure, American manufacturing, fund our schools […]
House Republicans just passed a bill to strip the Environmental Protection Agency of authority to regulate coal ash. Maybe they plan to “save money” by putting it in school lunches? […]
Hey wouldn’t it be great to pass a law requiring government agencies to try to boost American jobs when they award contracts and buy supplies? Or how about giving contract […]
Imagine a political party that keeps government from helping people, because that might lead people to support government. Imagine a political party that hurts parts of the country because those […]
Larry Summers for the Fed? Seriously? There are better choices for Federal Reserve chair; in particular, Janet Yellen is more than qualified and would do a great job. Ezra Klein […]
“Going down to Mississippi wages does not signal a bright future for American economy.” – Harold Meyerson President Obama campaigned with a promise to add 1 million new manufacturing jobs […]