Economy
Right-Wing Line That "Uncertainty" In D.C. Is Killing Jobs Doesn't Hold Up
On Friday, when the Bureau of Labor Statistics released its report that another 20,000 Americans had lost their jobs in January, the right-wing spin machine immediately unleashed one of their tried-and-true talking points: that the reason the economy is not creating...
Did We Get 402,000 New Jobs This Month? No. Pass A Real Jobs Bill.
Yesterday I noted that we 402,000 new jobs a month, for three years if we are to simply return to the level of employment we had before the recession. The latest monthly employment report showed a slight dip in the unemployment rate and underemployment rate, but also...
Getting Places, Creating Jobs
Two items from my inbox: 1. The Economic Policy Institute has a new report detailing the positive impacts of transportation infrastructure spending. A $34.3 billion jobs package will create approximately 480,000 direct and indirect jobs. The report includes...
We Need 402,000 Jobs A Month. Does The Senate Get It?
Time For The Senate To Act On Jobs
We expect January’s unemployment numbers, to be released Friday, to show that while Wall Street bankers continue to thrive, American workers continue to suffer under a deep recession. The numbers should serve as a stark reminder to Congress that the time to act...
Just This One Conservative Failure Cost 1.4 Million Jobs
Just one of the many conservative failures cost 1.4 million jobs, all by itself. And never mind how much borrowing it caused. In Macroeconomic effects of Chinese mercantilism, Nobel Prize-winning economist Paul Krugman took a look at how many jobs have been lost...
For A Real Jobs Bill, Senate Needs To Hear From You NOW
The Senate leadership appears to be on the verge of proposing a jobs package significantly smaller than the $154B bill that has cleared the House, even though everybody agrees even the House bill is not big enough to reverse the 7 million jobs already lost in the...
Jobs And Magical Thinking
If you hope hard enough, and look hard enough, the jobs will appear. At least, that's the thrust of Mark Lange's recent column in The Christian Science Monitor When we imagine that government - and even companies - "create" jobs, we're missing half the story: the...
Rigging the Rules: The Next Corporate Sting
The president's budget will trigger a new battle over America's direction. It contains many sensible proposals. But hidden in it is the next corporate sting: a massive tax break for multinationals. Here is how the rules get rigged.
Like 5.7% GDP Growth? Pass A Real Jobs Bill.
Today's initial estimate of 5.7% annual rate of growth in the GDP for the last quarter of 2009 sure beats a kick in the teeth. And if we sustain this rate of growth, we will have a robust recovery and come near full employment. But we won't sustain this growth unless...
