Tag: Economy

Severe Shortage of OTR Truckers Threatens U.S. Economy

Even though the U.S. currently enjoys a low level of unemployment, trucking companies are doing what economists have said firms need to do to attract and retain workers: They’re hiking pay significantly, offering bonuses and even recruiting people they previously wouldn’t have considered…but it’s not working. The industry reports a growing labor shortage — 63,000…

There Are Too Many “Me”s In the American Dream

As tomorrow is Independence Day, I feel the need to express my constantly expanding frustration that Americans are generally divided into two main groups, each with many subgroups of course. But the preponderance of all groups seem to agree one thing: They are disgusted with politicians. Washington seems to be eternally broken ever since Newt…

GOP Reasons on Wage Suppression Are Typical Lies

For more than 100 years, opponents to raising wages have used their apocalyptic visions of economic collapse to justify the suppression of wages,income, legal rights, and even medical care to inflict wage suppression on everyone for the benefit of white, privileged, wealthy or corporate interests. Economists and historians have time and again repudiated those gloomy…

China’s Economic Problems Have Been Hidden for Years

In light of my numerous columns regarding China’s economic problems dating back a couple of years (i.e., http://progresshg.com/2015/08/12/trump-shows-abject-ignorance-on-china-world-economy/ ), the recent Chinese stocks sell-off is not surprising to me. Moreover, it’s magnifying concerns about the health of the world’s second-biggest economy…and rightfully so. But beyond the markets, I still maintain that there are huge doubts in…

Your Childrens’ Future is Dying: It’s On You to Save It

The middle class is on the verge of extinction in America and people are mad, frustrated, and feeling helpless to do anything about it. I totally understand it, but it will not change until we change. And I’m not talking about the got-damm budget deficit. Wages for the middle class has stagnated to such a…

Dr. Carson’s Economic Brain Surgery Would Be Malpractice

Like so many other Americans, Ben Carson’s knowledge of government spending and the economy is based in myth, misconception or perhaps lack of intelligence altogether. He may understand medicine, but he knows jack shit about economics. His streak of ridiculous musings on interest rates, the debt and deficit, and even the trade balance culminated in…

The U.S. Debt and Monsters Under the Bed

Unless you are one of about 10,000 people in the entire United States, whatever you think you know or what you have “learned” from network “news” about the nature, cause and effect, or owners of U.S. debt…more than likely you are wrong. Not that it’s your fault. With all the misinformation being disseminated by lazy…

The Gubmint Don’t Create No Jobs! Debunked Once & For All

A recurring theme in the upcoming GOP Presidential Debates will surely be the role of the government in the economy, and as sure as Donald Trump is a bloviatious blowhard, there will be the tired old assertions that the government cannot create jobs…and that’s just horse pies. It is a fictitious assertion of a biased…

Jeb Bush Has No Clue About Overtime Abuse

For all those prospective voters out there that think Jeb Bush is “the smarter Bush brother”, I have sad news for you…he’s an idiot too. The latest proof is Bush’s claim that Barack Obama’s proposal to expand overtime pay to millions more managers and white-collar workers would result in “less overtime pay” and “less wages earned”.…

♫See The USA in Your Chevrolet ♫–Uh-Uh You’ll Need a Tank

The memory-challenged GOP longs for the 1950s when “See the USA in your Chevrolet” was a popular advertising jingle. But ever since Reagan promised to never raise taxes, then quietly raised Social Security taxes twice along with many income-related taxes eleven times, Republicans have embraced the “supply-side”  theory that tax cuts, more than anything else,…

Easy Fix: Wall St. Financial Transaction Tax Scorned by GOP

Ever since I began this web site in 2011, (to try to explain of the 2008 crash, to try to understand why we have a ceiling insead of a floor on Social Security earnings subject to tax, why we were trying to dismantle the Post Office by requiring a non-profit, non-taxpayer-funded organization to fund a…

The Reason Our Tax Structure Could Lead to the Next Crash

Warning bells just keep getting louder and louder as the countdown to the Next Crash keeps ticking. Wall Street’s in denial—or possibly simply trying to make as much money as possible to stash offshore before the shit hits the fan–but the Washington Post warns: “U.S. economic growth slows to 0.2 percent, grinding nearly to a…

Think We’re Immune to Another Great Depression? Read On.

THAT WAS THEN The last Republican administration to reduce the debt or deficit by a single penny was Herbert Hoover’s administration (1929-1933) which played a major role in creating the Great Depression. Hoover’s reduction in government spending during an economic downturn was a primary reason among many others, (#2 was being sucked into reverting to…

It’s the GOP F*cking Up the Economy, Stupid!

Despite efforts by right-wing, fuzzy-math, austerity-fanatical, gold-obsessed politicians, the world economy remains stuck in the same rut that it has been in since emerging from the 2008 global financial crisis. This should be especially obvious despite seemingly strong government action in Europe and the United States, where both economies suffered deep and prolonged economic downturns.…

Serial Job Killers: Conservative Economics

I hope the next time your right-wing family member or former high school classmate posts a snide remark about out how taxing the wealthy or increasing workers’ wages are jobs killers or that they entice businesses to leave the state, please, do yourself a big favor and show them the FACTS below….not that facts have…

Why I’m Worried About Slack in Unemployment Rate

In regards to today’s unemployment number release showing the lowest rate since before the George Bush housing collapse (it came in at 5.9 percent), I feel it’s my obligation to tamp down any undue euphoria–regardless of how it might help Democrats in the upcoming mid-term elections–because there’s considerable slack, in terms of underutilized resources, in…

The Extinction of American Democracy and Middle Class

It seems appropriate to express the possible extinction of democracy and the American working class on a day that is supposed to honor them.  Why? Because Americans are sick of to death of politics and especially corrupt, incompetent, or hypocritical, lying politicians that has devastated both our system of democracy and its backbone…the middle class.…

Conservatives Panic Over Piketty’s “Capital” Popularity

While most still solvent Americans were celebrating Memorial Day with Brats and Burgers, an elite cadre of economists was locked away in dens and private nooks, pouring over data sets by bankers lights or pounding keyboards to express opinions on the French economist Thomas Piketty. Wow, can you say “par-tay”? Piketty’s simplistically titled but exhaustively…

America’s First Woman Fed Chairman Has a Lot on Her Plate

Today, February 1, 2014, Janet Yellen becomes the first woman to be Chair of the Federal Reserve Board in its 100-year history. She assumes her eminent position at a critical juncture, not only for the U.S. economy, but for the very survival of millions of its citizens. Immediate challenges of immeasurable importance – above all,…

For Political Progress We Need Serious Action: By Us

If things are going to change for the better in this country, my fellow Dems and I need to take some some action, starting with refusing to believe that it’s enough to gripe about Republicans on social media. In my humble opinion, we’d better take a page out of our opponent’s playbook and quit talking…

If Merely Surviving is Touted as a Job Goal Has The GOP Won?

When survival is touted as a job goal, self-sacrifice becomes a virtue. These people– A lawyer, a computer scientist, a military analyst, and a teacher–have something in common that fifteen years ago would’ve been unimaginable; they are trained professionals, most with advanced degrees, who cannot find a full-time job. Since 2008, they have been tenuously employed –either working…

ALEC Distracts Electorate From Economy, Jobs; Is It Too Late?

Even the most clueless Americans are beginning to look up from their smartphones and tablets and see the severe ideological crevasse that distinguishes progressives from conservatives, whether it’s on economics, morality, patriotism, or whatever the ALEC-controlled red-state legislatures can use to keep women, blacks and Hispanics in survival mode through either abortion or immigration standoffs.…

This Recovery is NOT Real But Would You Like To Buy My House?

Americans—except Republicans of course– would really like to believe that the recovery is finally here. I mean, after five years of high unemployment, the GOP obsession with government deficits and a disappearing middle class, a bona fide recovery would make millions of Americans, as well as a faltering global economy, feel more at ease.  That’s…

Budget “Austerians” And Deficit Hawks Won’t Face The Facts

Today’s Liberal Beef?  It staggers my imagination to think of how much more solid the U.S. economy’s recovery would be if not for the damned “austerians”, or Tea partiers as they prefer to be labeled—and boy do they LOVE labels– were not such suckers for the panderers and deficit-obsessed. According to the latest forecasts, both…

Student Debt Not National Debt is Crushing The Recovery

For all the talk from the GOP about their fear that our national debt will crush the younger generation under the weight of our American “credit card” debt, the truth is–and has been since the crash during the waning George W. Bush’s disastrous Presidency– the lack of a vibrant economy and the jobs that come with…

The Reason You Feel Like You’re Making Less Income? You Are

If you’re like me and it feels like you’re working harder and making less these days, there’s a very good reason for that. You are. Wages of working Americans– just like the overall effect of government cuts during an extremely fragile recovery–are being wrung out like an old wash rag; and it’s accommodating our economy’s…

The GOP Bankrupted the Postal Service On Purpose

Not surprisingly, the GOP with their ever-larger bag of dirty tricks, is the reason The United States Postal Service recently announced that it is cutting Saturday delivery starting in August, moving to a five-day schedule as part of a multiyear effort to reduce costs and remain viable. And that’s not the only change coming down in 2013.…

Lobbyists-The Political Mafia

What our economy needs is a friendlier environment to the kind of entrepreneurial risk-taking that has always been America’s trump card over all other countries; which means getting the Mafia of modern politics–lobbyists and their corrupting big money–out of Washington. Monopolies bring power and money. It happened during prohibition, it happened before the Great Depression,…

The 1930s Recession Could Return as Soon as This Friday

The sharp decline from the 3.1 percent growth in the previous quarter to the contraction by 0.1 percent in the fourth quarter has not as yet lead to widespread fears that the United States is about to enter another recession. Not yet anyway. But given that much of the cause of the decline can be…

Boom or Bust: All Economic Indicators Say It’s Time to Choose

Every reliable economic indicator available shows that the U.S is poised for either an economic boom, the likes we haven’t see in decades, or a total collapse back into the financial and unemployment quagmire of another recession. And there only a few things in the position to tip the course of the next few decades…

Republicans Continue to Lie About the Economy

Boy, Republicans tell a lot of lies, but the biggest is the Republican’s economic lie. According to Senate’s #1 Republican, the budget deficit is “the transcendent issue of our time.” Of course this is the same man who also proclaimed that his primary goal for the United States Senate–despite the country being in the worst…

How Long Will America Endure This GOP Economic Rollercoaster?

I have to wonder just how long the GOP can keep taking America on this economic rollercoaster before we all lose our breakfast, lunch, and dinner. Everywhere you turn, it seems, there is an economic contradiction.  Economists fall back on the stock and trade of their vocation, mathematics. They have been tied in knots resorting to indicating…

Neo-Luddites Dragging Down Demand and Recovery

If only the Neo-Luddites in the U.S. would get their heads out of their rear-ends and stop dragging the U.S. economy down, our economic recovery would have a very good chance of staging a remarkable comeback. Lord knows that  the people of the eurozone are doing their part. Even facing  severely ill-timed austerity measures, I have to say that I’m surprised…

RIP Twinkies

At the end of last week, Hostess announced plans to wind down its business operations, shut its factories and lay off some 18,500 employees. Even in boom times, this would be bad news. Over time, it seems likely that some of its iconic brands may be revived but, for now, a large number of people…

Please Mr. President: No More Wall Street Whiners

I see President Obama’s victory as one not just for himself and principles of Democrats, but renewed hope that he has come to understand macroeconomics. Given that most voters do not understand the economics of fiscal multipliers, bank recapitalization, or quantitative easing, they seem to have understood enough to reject the Republican narrative that fiscal…

GOP Win Means More 9/11, War, Economic Collapse, Class Warfare

It amazes me how short the memories of American voters can be. Aside from 9/11, the unnecessary Iraq War, the botched response to Katrina, Enron, WorldCom and the Great Recession of 2008, (all of which happened during the last Republican administration), Class Warfare on Unions, Women, Minorities, etc., all seem to be from another era;…

Unemployment Rates: More GOP Fuzzy Math Exposed

Now that the falderal surrounding last week’s unemployment report has died down, we can again disprove the fuzzy math that leads brainiacs like Joe Scarborough, JacK Welch, and the FOX Propaganda Network use to justify their paranoid conspiracies when actual arithmetic was the dastardly culprit. Aside from it being another example of conservatives either not being…

Hyper Partisanship Means Not Learning From Our Mistakes

The U.S. has become a victim of one of the most common dalliances in the history of the world; not learning from its mistakes. That’s what hyper partisanship will do to a nation. That’s what hyper partisanship is doing to this country. It’s a huge diversion and it keeps the country from learning from its…

Bad Medicine is Killing the Economy

Bad medicine is killing the economy. As I have said before, allowing political ideology, politicians, pundits, and a.m. radio hosts influence or dictate economic policy for the U.S. is absolute folly. Let me go one step further. It’s like having a someone who reads WEBMD prescribe medicine; what we’ve been doing is letting that person…

Idea: Put Economics Back Into Debate on Economy

There is significant agreement among conventional economists, including those from  both the left and right, on most key macroeconomic issues. But watching Republicans and Democrats constantly go after one another in public over economic theories reminds me of the theatrics of “professional wrestling”.  It’s easy to  assume that there’s a world of difference in their…

We Can Still Fix This Broken Economy

~~~UPDATE FROM EARLIER POSTING~~~ Repairing the broken economy would be an easy homework assignment for any sober, realistic economist. We can fix this broken economy but we desperately need for Congress to grow up. The main problem with the U.S. economy is the intrusion of politicians where they don’t belong. Politicians are simply not equipped to search for,…

The Fiscal Cliff Looms On the Horizon

No matter who wins on November 6th, they’ll be staring down the barrel of the “Fiscal Cliff” and sequestration. For those of you who have avoided the political circus, you might want to know a little about what happens on January 1, 2013 if no agreement is reached on the budget control act and how…

The U.S. Economy: What Happens on November 7th, 2012?

 Since it’s election time, with all the expected bickering, shouting, blaming and finger-pointing that comes with it, my question is this: regardless of who wins, what happens on November 7th? A few weeks ago, I wrote an article showing in very clear detail illustrating that the GOP campaigns going back over a generation have not…

Romney’s Economic Plan–Shhh It’s Not Really His

The reason Mitt Romney’s 5-Point Plan sounds familiar is because it’s not really his;  the GOP Economic Plan hasn’t changed in 30 years, regardless of the economic conditions.  Throughout the Republican “preliminaries” I kept getting the feeling that I had heard most of what the candidates were saying before. Turns out I’ve heard Mr. Romney’s…

Political Conventions Are Needless Spectacles While Serious Problems Loom

As Americans’ ADHD turns to the ratings-driven, needless spectacles of the national political party conventions (the almost perfect characterization of a Dog and Pony Show) serious economic factors loom with impending ramifications to the U.S. completely lost on 75% of the American public. The recession in Europe, particularly Spain and the UK, grew stronger in…

The Latest Bank Corruption Scandal Aids Iran

In the latest of a growing list of bank corruption scandals, foreign banks, until 2008 were allowed to transfer money for Iranian clients through their American subsidiaries to a separate offshore institution. In the so-called U-turn transactions, Standard Chartered Bank (an international banking groups with offices in 70 countries) claims to have only had to provide…

Are WE Really Looking At A Four-Corner Campaign for President ?

The U.S is suffering through the worst economy since the Great Depression and candidates for both political parties have decided, simultaneously, to play a Four-Corner Campaign Offense.  Forget about a “grand idea” for how to get us out of this self-inflicted gaping wound of an economy. Hundreds of millions of dollars are being spent, and…

The Affordable Care Act has Republican Roots

“Just because a couple people on the Supreme Court declare something to be ‘constitutional’ does not make it so”-Rand Paul, (R) Kentucky Despite the obvious idiocy of the statement above, the Affordable Care Act has roots in recent Republican history as a cause for many a Republican’s wet dream…unless of course it has President Obama’s…

GOP Myths On The Economy

Myths seem to abound whenever economics is the issue. Below is a serious attempt at debunking some of the more prevalent bumper-sticker, no-basis-in-fact myths promulgated by the GOP. These are the most-often misquoted myths by conservatives who have brain-washed the masses who depend upon such economic intellectual giants like Joe Scarborough, Sean Hannity, and Rush…

Debt Ceiling Part Two: Economic Disruption Is GOP Goal

John Boehner, the leader of the House Republicans, has promised yet another fight with the White House over the debt ceiling. The euro zone is in deep economic trouble. The red-hot economy in China is slowing…quickly. The Federal Reserve is wavering. Yet, the biggest threat to the emerging U.S. economic recovery may be the obstructionism…

Austerity: The Real Euro Crisis Begins in Spain

For months, I’ve tried to explain that the real reason for concern regarding the euro is Spain, not Greece. Greece is largely symbolic; and easy fodder for conservatives to make a false equivalency between the poor in the U.S. and the “lazy Greeks”. In spite of all the baseless claims and bumper-sticker slogans tossed around…

Do Not Believe the GOP: Social Security Is Running A Surplus

Adding yet another BIG LIE to the GOPs expanding list: Social Security actually added a $69 billion(with a “B”) SURPLUS in 2010 and $95 billion to its surplus in 2011 according to the 2011 Social Security Board of Trustees Annual Report. So, 2011’s net gain brings the Total Social Security Surplus at the End of…

Don’t Be Fooled-The GOP is Anti Capitalism

Capitalism is not perfect and is vulnerable to both human nature and some major flaws that have flourished since the Presidency of Ronald Reagan. In order for true Capitalism to function correctly, the government has to counter the flaws of capitalism, without hindering the market place, and provide a level playing field to insure competition…

Stop the GOP Assault on the U.S. Economic Future

The GOP is assaulting the U.S. economic future along with women in general, Hispanics, civil liberties, education, and anything else the Koch Brothers might feel could interfere with their desire to own America. It’s time for the American electorate to stop listening to television “news organizations” that are more interested in stirring emotions and ratings…

It’s The Income Inequality Stupid!

Before the late 1970s, few economists in the United States gave much thought to the idea of economic inequality. In fact, it was hardly mentioned at all. However, as conditions have changed in the last 30 years, the incomes of the nation’s wealthiest 1 percent have surged, and drawn the scrutiny of a growing field…

Austerity vs The One Penny Solution

Paul Ryan, the GOP in general and European policy makers either just don’t get it, or they’re  trying to return us to the time where there was a Spanish Pope name Borgia (daughter Lucrezia), or my theory that Republicans are Neo Confederates is fact, not theory. To hear any of them talk, one would think…

U.S. Leadership – From Super Power to the World’s Problem Child

U.S. leadership, despite all its shortcomings and missteps, has been the brick and mortar of global stability since  World War Two. Despite the world experiencing a tectonic shift in economic and political power since the 19th century, no other nation, nor group of nations, is emerging that would be as prepared or equipped to exercise leadership…

Is the U.S. Middle Class About to Become Extinct?

Is the U.S. Middle Class About to Become Extinct? As long ago as 2005, many economists, including some at then-powerhouse banking conglomerate Citigroupconcluded that certain groups of Americans and the measurements based on those groups had become useless. “There is no such animal as the U.S. consumer,” Citigroup’s in-house economists had determined. Such descriptions as…

Revolutionary War-Republicans-And the New Confederacy

As a native of a historically significant Civil War city in the southern United States, as well as an economist, I have often had the feeling that by electing its first black President, the normal U.S. partisan politics were going to take on a completely new and intensified atmosphere. Not to make a direct comparison,…

Another Alarming Failure of “Reagan” Economics

Except for a few Republicans stuck in the quagmire of Reaganesque , fallacy-riddled, supply-side economics, we know now that trickle-down economics simply does not work and never has. For proof, one merely has to look at the plethora of independent data that has flooded both economists’ observations and leading publications for more than two decades.…

Ryan Determined to Push Budget Deleterious to Workingclass

Paul Ryan puts together a budget like most Republican, frat-boy types; he lies, cheats, and steals. Poster boy for “the Republican new-breed conservative”, Ryan is many things, but suspicious that the public-at-large will see through his economic cow pies is not one of them. One would think that after the public plastering his 2012 budget…

What could bring gas prices back to earth.

The last time the price of gasoline was below $3 a gallon was just before Christmas in 2010. What would it take to get the price at the pump down from its current level of $3.83 a gallon to what it cost fifteen months ago? Is $3 a gallon a historical relic? What could bring…

The Truth About Gasoline Prices

What or who is actually to blame for the seemingly random peaks and valleys of the gasoline game? Gas prices have definitely tamped down President Obama’s political polling in the last few weeks and every time this happens cries go out for someone to do something. The truth is, U.S. gasoline prices rank 101th in…

Bank of America reaches side mortgage deal: report

Bank of America reaches agreement with US authorities. Could reduce the mortgages of some 200,000 borrowers in order to avoid fines of up to $850 million [repostus hash=cda9b8f0eb1ceb6d1ea38d92f7285ea0 title=Bank%20of%20America%20reaches%20side%20mortgage%20deal%3A%20report host=AFP short=16SQY]

Forget Dodd-Frank: Reinstate Glass Steagall

I can only imagine what a stampede of bison must have sounded like in the early 1800s. I assume it started as a barely audible rumble… maybe nothing more than a faint vibration. One thing is clear though. It was a sound that no one on the plains wanted to hear. Numbering in the millions,…

Proof That Austerity Does Not Work in a Recovering Economy

Economics is as much about timing and conditions as strategy and policy. Trying to implement austerity measures during a recession is tantamount to trying to kick a field goal in a 60 mile per hour headwind. There’s a time and place for virtually every economic policy known to man. The key is implementing the right…

The Ultimate Greek Tragedy

The origin of so much or our most-respected and admired culture. Greece. Home to visionaries in mathematics, philosophy, art, architecture, and even democracy. How could so much promise go so wrong? One could ask the same of the U.S. I know, I know, we haven’t heard the name for at least a couple of weeks. So…

Time for Europe AND America to Implement the One Penny Solution

I have addressed the European fiscal crisis in several previous posts as well as a plan to deal with the U.S. fiscal crisis (see below), but more than three years have passed since the onset of the 2008 financial crisis, and the economic downturn feels as endless as ever. Any hopes that it would resolve itself have…

2012–A Make or Break Year

In general I do not put much emphasis on examining the past in detail. It seems unproductive to me to look back at all that went wrong unless there is some evidence that by doing so, I can improve what is to come or even what might be to come because guessing to work as well…

How About Some Good News For the Holidays?

Despite hand-wringing and forecasts of gloom and doom from politicians wanting to blame one another for the downgrading of America’s heretofore stellar credit rating, all is well in Whoville….for the time being. Yes, four full months after Standard & Poor’s stripped the U.S. of its AAA credit rating and said the world’s biggest economy was…

Is the Dollar the Next Euro?

As we are all aware, the United States is stuck in a slow growth recovery from the Great Recession of 2008 and 2009. And while there have been some encouraging signs in the job market lately, it’s no wonder that neither consumers nor investors are jumping up and down to spend their money When the…

Europe’s Perfect Economic Storm

What happens when an economy attempts a cold shutdown of one of the biggest debt spirals that the world has ever seen?  Well, buckle up and buy lots of canned tuna, we are about to find out. Europe’s ruling politicos have decided that they are going to “take their medicine” and put strict limits on…

The “Redistribution” Big Lie

I am so tired of hearing the same old tired lies coming out of the conservative propaganda machine about the redistribution of wealth in this country. President Obama’s original proposal to extend and deepen payroll tax cuts for 160 million workers AND their employers would have been paid for by a surtax on America’s 350,000 top earners. Moreover,…

Is College Still Worth the Cost?

As a bona fide member of several groups, Baby Boomers, Parents of Adults, AARP, etc., I have come to grips with many matters fairly well I think.   Fewer of my investments are paying off as well, if at all. My numerous college degrees, two undergraduate and one MBA, have become more of a hindrance…

What No One Is Telling You

As we approach another new year, the political season will begin to heat up in the midst of the cold winter ahead. A great many things can happen between now and election day next November and if anyone could accurately predict what those things would be, they could instantly become part of the “1%”. Unfortunately,…

Tis The Season To Be–Focused On The Economy?

One of the more popular buzzwords nowadays are “lost decade.” It’s actually another way of expressing the fear that today’s global financial problems will paralyze economies and stock markets for 10 years or more. Now, it’s a legitimate worry. But addressing the immediate dangers won’t be enough to avert a lost decade in the U.S.…

It’s The Economy–Stupid(China’s)!!!

Question: “Is there any country in history that has managed to grow its economy stably after a property bust?” This is no philosophical inquiry. Over the course of the last two months, government officials have tried to turn China’s heated property market into something more equitable for middle-class home buyers. As a result, they have…

Something Is Seriously Wrong With The Global Economy

Forget Friday’s misleading drop in the unemployment rate okay? The evidence is building that global growth has stalled. And it’s about to get much worse.   Massive, bear market type volatility has even the most steel hearted market veterans feeling seasick from the ups and downs. Adding to the confusion has been some political and…

Inflation–Boogie Man or Casper the Friendly Ghost?

The last thing any candidate, anywhere in America wants to mention, is that the “I” word….unless it can be leveled at one’s opponent in some way. Inflation. There, I said it. No tsunami, no planet-killing asteroid, no 9.0 earthquake. The dreaded “Jimmy Carter Syndrome” as Republicans like to frame it, has been hiding in plain…

Republicans and The Supercommittee: Winning! Duh?

On more than one occasion, I have found myself lying awake at night wishing that either the Republicans would find some actual morals(as opposed to the ones they so stridently feign), or at the very least stumble upon the epiphany that it’s ok not to hate their fellow Americans, even if they are poor. Since…

Another Stock Market Crash is a Virtual Certainty

Occupy Wall Street doesn’t know what or even necessarily how, but they know something is wrong with Wall Street. Paid talking heads and and partisan pundits keep saying that nobody really knows what the Occupiers want or what they are protesting against. Well, let me help OWS out and tell you exactly why every single…

College Students In Cri$i$–The Next Bubble

The graduating class of 2011 have a foreboding footnote on their diplomas: Most Indebted Class Ever–and the 2012 seniors will surpass them. Average student-loan debt for new graduates has reached $27,300, according to Mark Kantrowitz, publisher of FinAid.org. Add to that the loans parents took out for their children’s education, which students, more often than…

Why Europe’s Financial Woes Matter to Every American

Competing against the Herman Cain/Michael Jackson/Gloria Allred/N*****head Ranch/ “newsworthy” juggernaut is difficult of course. Admittedly, ballot concerns on this day are correctly centered more in Ohio and Mississippi with extremely important issues to hundreds of thousands of Americans in the balance.  But I am determined to stay focused on largely economic issues and simply hope that some…

What if We Were Talking About China Instead of Greece Today?

Ah, America. We have such a penchant for grandeur. As we spend our limited attention spans watching our political parties play “No, You’re a Poot-head”, or for the past few weeks, our Republican presidential candidates forgetting that we now have the capability to actually play back statements they made 20 minutes ago, there are circumstances…

To Be or Not To Be: A Democracy

In defense of OWS, and in full-throated opposition to the characterization of OWS that has been purposefully misconstrued by the mainstream media outlets, I ask, “Whom do you trust more: American Democracy or the Financial/Political Establishment? For the sake of comparison, let’s look at Greece. On MSNBC’s “Morning Joe” today, when the host of the…

Uncertainty Adversely Affects Employers and Wall Street? Balderdash!

One of the most common and least truthful, I dare say deliberate lies spread by Republicans these days is that “uncertainty” is stifling the economy. Eric Cantor, a.k.a. Mr. Slime, the House majority leader, is a primary proponent of this favorite Tea Party mantra. Specifically, says Mr. Cantor, “Jobs-destroying regulations have created a cloud of…

Rethinking Jobs and China

Ok, I understand the propensity to wish that all of the manufacturing jobs that we’ve lost to China could somehow, magically, be returned to the land between the oceans. I also wish all of the hair that fell out of my head from 1980 until yesterday would magically start growing again. Neither are going to…