by Robert Borosage | Jul 18, 2013 | Jobs and Growth
In his congressional testimony yesterday, Federal Reserve Chair Ben Bernanke called out the Congress, telling them to stop the reckless and mindless spending cuts that are killing jobs and growth. Their stupidity, he suggested, poses the biggest threat to Americans...
by Robert Borosage | Jul 12, 2013 | This Is The GOP
Conservative Republicans have turned the farm bill – normally a bipartisan grotesquerie of agribusiness subsidies and excess – from legislation to identity politics. They wanted to make a statement, even though they knew it couldn't survive the Senate or the White...
by Robert Borosage | Jul 5, 2013 | Uncategorized
This month’s lackluster jobs report – 195,000 net jobs created in the month of June with the unemployment rate unchanged at 7.6 percent – leaves Americans adrift. More than 22 million Americans remain in need of full-time work. The participation rate in the labor...
by Robert Borosage | Jun 27, 2013 | Student Debt Relief
Interest rates on student loans will double to 6.8 percent on July 1 unless Congress acts. But it seems increasingly likely that the Congress will take off for the Fourth of July recess without addressing the problem. The major sticking point: Republicans in the House...
by Robert Borosage | Jun 20, 2013 | Minimum Wage
Can the economy recover if workers don't? Federal Reserve Chair Ben Bernanke yesterday suggested as much, but investors were clearly skittish. Bernanke announced that while the Fed would continue its extraordinary measures to prop up the economy, the end might be in...
