Category Archives: Politics

Income Inequality Behind Most Poverty

Financial FAQs There were 46.2 million Americans in poverty in 2011, as median household income decreased to its lowest level since 2000, according to a Census Bureau report released this week that illustrated the toll from ongoing labor-market weakness. The … Continue reading

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Why Do We Need QE3?

Financial FAQs It’s not hard to see why we need “QE3”, the Fed’s bond buying program to keep long term interest rates low. It’s almost an act of desperation. The Fed is the only game in town to stimulate growth … Continue reading

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August Jobs Report—Manufacturing Slowdown

Popular Economics Weekly The headlines said a “weak” job report on Friday. But it had nothing to do with politics or economic policy, at least directly. The jobs drop was all in manufacturing due to problems in Europe and China. … Continue reading

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Henry Ford’s Arithmetic Would Cure Budget Deficit

The Financial FAQs Why don’t Republicans get it? As President Clinton said in his convention speech, there was one word to explain the difference between Republican and Democrats budget proposals—arithmetic. The numbers had to add up, and as a ‘good … Continue reading

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Repubs Platform—Reverse Robin Hoodism

The Financial FAQs Reagan Budget Director David Stockman and even President Obama have called it the reverse the Robin Hood effect, or taking the meager wealth from the poorest to give to the wealthiest. Because the Tea Party has created … Continue reading

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It’s Ryancare vs. Obamacare

POPULAR ECONOMICS WEEKLY Will Ryancare replace Obamacare? Ryancare could become the campaign buzzword with Mitt Romney’s choice of Wisconsin Republican Paul Ryan as his Vice Presidential candidate. Ryancare is bringing budget-cutting austerity that Paul Ryan once called his “Path to … Continue reading

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Taxes Shouldn’t Be the Main Worry

Financial FAQs Economist and British Lord John Maynard Keynes opined in the 1930s that in the end we are all dead, so why worry too much about anything else? Well, this particular election year there is something else worrying both … Continue reading

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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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Gun Violence Has Too Many Causes

Popular Economics Weekly The shooting in Aurora’s Central Theatres is not something “impossible to understand” as was said by Denver’s Mayor just after the massacre, if we look at the culture of violence that has made U.S. the most violent … Continue reading

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Obamacare–What Loss of Freedom?

Popular Economics Weekly Hallelujah. The Supreme Court of our land has given Obamacare a clean constitutional bill of health, thanks to its Chief Justice, who says government does have the power to tax those who can afford to buy health … Continue reading

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