Things are supposed to be looking up. Today’s data from the Bureau of Economic Analysis gives a fuller picture: low wages and declining domestic production.
On Monday morning, wealthy hedge fund mogul Peter Peterson and his Commission on Budget Reform will hold a press conference to issue a "Call to Action to Stem the Mounting Federal Debt." Their scary promotional material declares, "The ever-growing federal debt is spiraling out of control. If not addressed . . . more »
Conservatives are using the economic crisis to push through their favorite tricks. The latest trick is a commission to cut the budget and cut the debt without the inconvenience of the democratic process. It’s a strange distraction from the real problem. Jobs.
At his Brookings speech today the president outlined his economic plan. It has all the right pieces and it points in the right direction. But something is missing. more »
Last week’s job’s summit focused on the fierce urgency of now. And well it should, with 18 percent unemployment and underemployment. But Obama also seemed to understand how short term needs overlap with long term goals. There’s just one sticking point.
Thursday December 3 is the date of both the President’s Jobs Summit and the reconfirmation hearing of Federal Reserve Chairman, Ben Bernanke. We should seize the opportunity to examine the statute that creates the Federal Reserve: more »
How ironic that President Obama’s jobs summit should be scheduled on the same date (Thursday, December 3) that the Senate Banking Committee has scheduled the reconfirmation hearing of Federal Reserve Chairman, Ben Bernanke. more »
A really smart student intern I’ve had the privilege of working with (Jonathan Flack, GWU 2010) asked a really stupid question. “Why,” he asked, “Do we give China everything it wants? Why don’t we challenge them?” more »
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