by Dave Johnson | Jun 3, 2010 | Blog, Economy
Today ADP reported that private-sector jobs may have increased by 55,000 last month. (ADP is able to make this estimate because the company processes 1 of every 6 paychecks nationwide.) Meanwhile the Labor Department reported that initial claims for unemployment...
by Dave Johnson | Jun 3, 2010 | Blog
In Does Washington care about unemployment? economist Brad DeLong asks the question, In 1983, Ronald Reagan's Washington regarded high unemployment as a national emergency. Today, with unemployment kissing 10 percent, Barack Obama's Washington scarcely seems...
by Dave Johnson | Jun 2, 2010 | Blog
No serious person denies that Reagan's 1981 tax cuts and military increases threw the country into a pattern of borrowing and borrowing that we have not escaped. When Reagan took office the national debt was $995 billion. When Reagan left office it was $2.87 trillion...
by Dave Johnson | Jun 1, 2010 | Blog
Washington politicians are convinced that the public is demanding cuts in spending, even over creating jobs and restoring the economy. This pressure comes because much of the public believes that "Obama tripled the deficit." This has been the right's drumbeat for over...
by Dave Johnson | Jun 1, 2010 | Blog
Bob Herbert in the NY Times today, If a bank is too big to fail, it’s way too big to exist. If an oil well is too far beneath the sea to be plugged when something goes wrong, it’s too deep to be drilled in the first place. When are we going to stop behaving so...
