Two Huge Flaws in the Legend of the Clinton Economy
Two inescapable flaws mar the Clinton economic legend. One is conveniently papered over; the other conveniently forgotten. Even so, a flawed legend is better than… Read More
FACT CHECK: Have 4.5 Million New Jobs Been Created Under Obama?
It’s no secret that employment is the top concern for Americans. It stands to reason, then, that politicians will be hyping their proposals for job… Read More
Government Makes It More Difficult for First-Time Job Seekers
Last week, the U.S. Department of Labor released its Employment and Unemployment Among Youth—Summer 2012 report. While many youths (ages 16-24) found a summer job… Read More
It’s Not Getting Better: GDP Grows at a Sluggish 1.7 Percent Rate
This morning’s update from the Department of Commerce on economic activity in the second quarter shows that the economy grew at an anemic 1.7 percent… Read More
Morning Bell: Another Recession Is Imminent
Yesterday, the Congressional Budget Office (CBO) reported that without a doubt, America will have a fresh recession next year unless Congress and the President prevent… Read More
CBO Warns: President Obama and Congress Risk Triggering Another Recession
About 1.6 million American jobs hang in the balance. That is the clear implication of analysis contained in the annual budget update by the Congressional… Read More
The Results Are In: Chinese Stimulus Fails
Almost four years after implementation of worldwide economic “stimulus,” global growth remains stalled. In the U.S., the unemployment rate is still over 8 percent. In… Read More
How Much Debt Is Too Much?
Following the news that the U.S. national debt has increased by $1 trillion for the fifth year in a row and that Greece’s debt crisis… Read More
Do Budget Deficits Reflect American Character?
Ezra Klein, Mark Thoma, and Paul Krugman take issue with David Brooks for suggesting that the failure in recent years to keep budget deficits under… Read More
Even Krugman Agrees–Economy in a Dead-Cat-Bounce Recovery
Despite a recent spate of good economic data, including last week’s jobs report, the U.S. economy remains deeply depressed. Don’t take my word for it…. Read More
