Category Archives: Macro Economics

Romney’s 5-Point Plan—Very Primitive Economics

Financial FAQs Romney’s “Five Point Plan to Grow the Economy” that he touts on his website, is primitive economics almost beyond belief. It returns us to 19th century government of the few by the few with few regulations or insurance … Continue reading

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What Do the Latest Jobs Numbers Mean?

Financial FAQs The May employment report showed the economy slowing, but pundits may be jumping to conclusions. For though the unemployment rate rose to 8.2 percent in May from 8.1 percent the prior month, that was because 642,000 more began … Continue reading

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What Happened to the Bush Tax Cuts?

Popular Economics Weekly The debt ceiling debate is about to begin again, and House Speaker Boehner has said he will continue to press for more tax cuts without raising additional revenues, reviving the possibility of more budget gridlock and credit … Continue reading

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Some Institutions Are Too Big To Succeed

Financial FAQs The conversation may change with JP Morgan Chase’s latest $2 plus billion faux pas. Instead of being too big to fail, we may find that the Wall Street behemoths in particular have become too big to succeed. That … Continue reading

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The War on Workers

Popular Economics Weekly We are seeing what can only be called a war on workers by Tea Party Republicans in particular. Who are workers? The 80 percent of consumers who are wage and salary earners. And they have not done … Continue reading

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We Can’t Stall the Recovery!

Financial FAQs It is really disgusting that there isn’t the political will to grow more jobs, both here and in Europe. And creating more jobs is the key to bringing us out of the deep hole of the Great Recession, … Continue reading

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Manufacturing Continues Expansion (So Austerity Not the Answer)

“Manufacturing continues to lead U.S. recovery”, said the April ISM manufacturing survey that measures overall manufacturing activity. “The PMI registered 54.8 percent, an increase of 1.4 percentage points from March’s reading of 53.4 percent, indicating expansion in the manufacturing sector … Continue reading

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What Has Caused Record Inequality (and Greater Recessions)?

Popular Economics Weekly Economists Lawrence Mishel and Heidi Shierholz of the labor think tank Economic Policy Institute (EPI) have been asking a question in their latest work that is at the root of our various economic crises, “Why did the … Continue reading

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Employment Will Drive Recovery in 2012

Popular Economics Weekly It seems the lingering doubts about better growth in 2012 have nothing to do with reality. Predictions that job growth may have slowed come from a recent uptick in weekly initial jobless claims, but such numbers are … Continue reading

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The Terrible Cost of Bush II’s Deficit

Popular Economics Weekly It is now becoming evident just how much damage the GW Bush budget deficit has done to the U.S. In part from the tax cuts of 2001 and 2003, which sharply reduced taxes on income, capital gains, … Continue reading

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