Category Archives: Politics

Michigan Republicans Repeat Economy Wrecking Doctrine

Posted on December 11, 2012 by Popular Economics Weekly

Financial FAQs Michigan has become the latest Republican-led effort to wreck economic growth in passing a right-to-work laws that restrict unions. With all apologies to Naomi Klein’s Shock Doctrine, Repubs are no longer waiting for recessions to enrich their wealthiest … Continue reading →

Posted in Consumers, Economy, Macro Economics, Politics, Weekly Financial News | Tagged , , , , , , , | 1 Comment

Unemployment Rate Falls to 7.7 Percent

Posted on December 7, 2012 by Popular Economics Weekly

Popular Economics Weekly Economists are rubbing their eyes over the November jobs report. It seems stimulus spending works. Obama’s $830 Billion ARRA stimulus + the Federal Reserve’s QE efforts to hold down interest rates has now created almost 6 million … Continue reading →

Posted in Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , , , , | 2 Comments

Falling Households Incomes—The Real ‘Fiscal Cliff’

Posted on November 26, 2012 by Popular Economics Weekly

Popular Economics Weekly It is household income that is falling off a cliff. This is partly due to the busted housing bubble and subsequent Great Recession that shaved 40 percent from household wealth. But household incomes haven’t been rising as … Continue reading →

Posted in Consumers, Economy, Macro Economics, Politics, Weekly Financial News | Tagged , , , , , | Leave a comment

Two Percent Growth Isn’t ‘New’ Normal

Posted on October 31, 2012 by Popular Economics Weekly

Popular Economics Weekly There are many ways to look at the “weak” 2 percent growth numbers for Q3, though just the ‘Advance Estimate’ and so subject to at least 2 more revisions. But such weak growth isn’t due to excessive … Continue reading →

Posted in Consumers, Economy, Macro Economics, Politics, Weekly Financial News | Tagged , , , , , , , , | Leave a comment

U.S. Economy Is In Recovery

Posted on October 29, 2012 by Popular Economics Weekly

Popular Economics Weekly I mentioned last week that the U.S. economy is now growing faster than the rest of the developed world. How can that be, you say, with all the election propaganda saying the recovery has been a failure?  … Continue reading →

Posted in Consumers, Economy, Macro Economics, Politics, Weekly Financial News | Tagged , , , , , , , | Leave a comment

President Obama’s Record Achievements

Posted on October 22, 2012 by Popular Economics Weekly

Financial FAQs Why so many doubters of the President’s record? Candidate Romney would have us believe Obama has accomplished nothing, but in fact President Obama has one of the most history making legislative records since FDR. The Washington Monthly lists … Continue reading →

Posted in Economy, Keynesian economics, Macro Economics, Politics, Weekly Financial News | Tagged , , , , , | Leave a comment

Jobs Picture Much Better Than Forecast

Posted on October 2, 2012 by Popular Economics Weekly

Popular Economics Weekly The Bureau of Labor Statistics gave markets a shot of good news recently, when it revised the one year March-to-March 2012 jobs totals upward by 32,000 per month. This was huge and showed much better jobs growth … Continue reading →

Posted in Consumers, Economy, Keynesian economics, Macro Economics, Politics, Weekly Financial News | Tagged , , , | Leave a comment

Romney’s 47 Percent Solution

Posted on October 1, 2012 by Popular Economics Weekly

Popular Economics Weekly We know that Mitt Romney at a Florida fundraiser claimed that there are 47 percent of the people who will vote for President Obama no matter what, and “my job is not to worry about those people. … Continue reading →

Posted in Consumers, Economy, Politics, Weekly Financial News | Tagged , , , , , | Leave a comment

Bernanke’s QE3 Challenge

Posted on September 19, 2012 by Popular Economics Weekly

Popular Economics Weekly Should we call him King Ben? Much like King Arthur, Fed Chairman Bernanke and his Roundtable of Fed Governors have taken on the confidence fairies, to use Paul Krugmans’s term, the austerity promoters who believe the only … Continue reading →

Posted in Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , , , | Leave a comment

Income Inequality Behind Most Poverty

Posted on September 14, 2012 by Popular Economics Weekly

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 →

Posted in Consumers, Economy, Macro Economics, Politics, Weekly Financial News | Tagged , , , , , , , , , , | Leave a comment