Category Archives: Politics

Guns Kill People—Really!

Posted on October 3, 2017 by Popular Economics Weekly

Popular Economics Weekly “Guns don’t kill people, people kill people” has been the credo of the NRA, gun lobby and most Republicans since the 1980s when gun manufacturers came up with automatic pistols, so that guns could kill more people. … Continue reading →

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Who Needs a Tax Cut?

Posted on September 29, 2017 by Popular Economics Weekly

Popular Economics Weekly It turns out very few of us need a tax cut. Marketwatch economist Rex Nutting calculates that those in the 60 percent middle-income brackets—from $32,000 to $140,000 per year—pay just an average 2.5 percent in income taxes. … Continue reading →

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Tightening Credit = Bad Economic News (Revised)

Posted on September 27, 2017 by Popular Economics Weekly

Popular Economics Weekly When is the next financial crisis? A Deutsche Bank study predicts it could be sooner than we know, as I said last week. Because the Federal Reserve reiterated its intent to begin to sell off the $4.5 … Continue reading →

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Bad News for Workers = Bad Economic News!

Posted on September 21, 2017 by Popular Economics Weekly

Popular Economics Weekly Personal incomes have been increasing just 2.5 percent on average for several years. The problem is that’s not adequate GDP growth to pay down the $10 trillion in worldwide debt that’s been issued since 2008 to get … Continue reading →

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The Art of the Scam

Posted on September 10, 2017 by Popular Economics Weekly

Popular Economics Weekly Did you have that queasy feeling; the ‘sick to your stomach’ feeling, when it was announced that Donald Trump was elected President of the United States?  I did. How could someone so obviously unqualified to be president … Continue reading →

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Another Decent Employment Report

Posted on September 6, 2017 by Popular Economics Weekly

Financial FAQs The Bureau of Labor Statistics reported that 156,000 additional nonfarm payroll jobs were created in August, which was less than expected, but will be enough to keep markets happy. And the unemployment rate edged up to 4.4 percent … Continue reading →

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Are Corporate Taxes Too Low?

Posted on August 31, 2017 by Popular Economics Weekly

Financial FAQs As congress now pivots to the debate on tax reform—when and if they can agree on raising the debt ceiling—why is a lower corporate tax rate part of the proposal? The federal budget deficit can’t decline unless congress … Continue reading →

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Where is Badly Needed Infrastructure Investment?

Posted on August 21, 2017 by Popular Economics Weekly

Financial FAQs The all-Republican congress and Whitehouse are making a serious mistake in letting politics and ideology get in the way of economic growth. Does anyone seriously believe their attempts to repeal Obamacare would work with so many of their … Continue reading →

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Retail Sales Back, But Not Consumers

Posted on August 17, 2017 by Popular Economics Weekly

The Mortgage Corner It turns out consumers decided to shop again in July, as retail sales surged in all categories. This includes online sales these days, as retailers adapt to the new reality that one large store size doesn’t fit … Continue reading →

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Why the Greater Lawlessness?

Posted on August 16, 2017 by Popular Economics Weekly

Popular Economics Weekly We knew as far back as Nixon’s Watergate that the Republican party harbors a lawless tendency when it suits them. Why else would President Reagan engineer the illicit Iran contra arms deal with the Ayatollah Khomeini, or, … Continue reading →

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