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Archive of Articles in the "Economics" Category

Friday Talking Points [157] -- Eight Point Nine

[ Posted Friday, March 4th, 2011 – 18:06 UTC ]

While technically true ("job growth" is not the same thing as the unemployment rate), but that last sentence could also have been written as: "the unemployment rate fell at the fastest rate in over fifty years -- since 1958, to be exact." Both are true, and yet they tell very different stories -- "a grim nine percent" versus "fell at the fastest rate in over fifty years."

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Obama Poll Watch -- February, 2011

[ Posted Wednesday, March 2nd, 2011 – 14:17 UTC ]

In January, President Obama had the biggest improvement in his public approval rating of his entire presidency. In February, Obama consolidated and built on his January "bump," by posting his second-most-improved month ever. This turnaround has set the clock back for Obama over a full year (in terms of his overall polling numbers), to roughly where he was in December, 2009. All in all, not a bad month for the president.

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Friday Talking Points [156] -- Fighting On Several Fronts

[ Posted Friday, February 25th, 2011 – 17:20 UTC ]

We've got so much to cover this week, we're going to have to move pretty quickly here. In international news, North Africa and the Middle East are still seething. The American news media, however, are (I actually heard this phrase being used by someone with a blowdried haircut the other night on television) experiencing "revolution fatigue." Seriously. They're bored with the whole storyline. Another dictator fell? Crowds of unarmed people being machine-gunned? Yawn. Don't we have an Oscars story we could run, instead?

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Labor Shut Out Of Sunday Morning Talk Show Circuit?

[ Posted Thursday, February 24th, 2011 – 18:17 UTC ]

Now, apparently, organized Labor is outside the realm of what is allowable on mainstream political shows. Even when the subject at hand is organized Labor.

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No Budget? No Pay.

[ Posted Tuesday, February 22nd, 2011 – 17:59 UTC ]

Seriously, how many people does anyone know who get a whole week off for Presidents' Day?!? Congress doesn't take vacations one day at a time, instead it takes off whole weeks -- at the drop of a stovepipe hat. This has long annoyed me, but it becomes particularly odious when Congress is faced with a very serious deadline -- one that might wind up with a government shutdown -- and nobody even suggests that they might want to get back to work while this clock is ticking down. Not Harry Reid, not John Boehner, not Nancy Pelosi, not Mitch McConnell, not any Tea Party Republican -- nobody has even entertained the idea that Congress should forego just one of their weeklong "district work periods" (which any sane Human Resources department would call "vacations").

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My Class Warfare Rant

[ Posted Monday, February 21st, 2011 – 12:39 UTC ]

Before I even begin here, I'd like to address what my critics will respond with, when they hear what I have to say. They're going to call these ideas "class warfare." You know what? They're right. I am calling on the middle class and the working class and all the other classes that make up over 19 out of every 20 Americans to start fighting back. Note that, please -- fighting back. Because there has indeed been class warfare waged in America in recent decades, and our class is losing -- and losing badly. The wealthiest of the wealthy -- the modern-day robber barons among us -- have been successfully waging class warfare on the rest of us for so long now that I am sick of it and I think it's time the rest of us fought back, rather than meekly submitting to the whims of the moneyed class. So, before my critics even have a chance to respond, I will save them the trouble -- you are damn right that there is class warfare happening in America. By admitting this, I'm urging the people who have borne the brunt of the situation to wake up and begin to stand up for what is right.

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Friday Talking Points [155] -- Class Warfare Indeed

[ Posted Friday, February 18th, 2011 – 16:53 UTC ]

Before I even begin here, I'd like to address what my critics will respond with, when they hear what I have to say. They're going to call these ideas "class warfare." You know what? They're right. I am calling on the middle class and the working class and all the other classes that make up over 19 out of every 20 Americans to start fighting back. Note that, please -- fighting back. Because there has indeed been class warfare waged in America in recent decades, and our class is losing -- and losing badly. The wealthiest of the wealthy -- the modern-day robber barons among us -- have been successfully waging class warfare on the rest of us for so long now that I am sick of it and I think it's time the rest of us fought back, rather than meekly submitting to the whims of the moneyed class. So, before my critics even have a chance to respond, I will save them the trouble -- you are damn right that there is class warfare happening in America. By admitting this, I'm urging the people who have borne the brunt of the situation to wake up and begin to stand up for what is right.

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Budget Season Overview

[ Posted Monday, February 14th, 2011 – 17:38 UTC ]

It's "Budget Season" once again in Washington, and since it's going to be a particularly contentious and complex one this year, it's worth taking a moment at the beginning to provide an overview of the entire process which is about to play out over the next two or three months. There are, at this point, three main budget battles to be fought. One of these isn't strictly a budget battle, but will likely devolve into one, hence its inclusion in the list. Two of these have hard and fast calendar deadlines. All three of them are going to be major political battles, and it's unclear what the outcome of any of them is going to be at this point.

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Friday Talking Points [154] -- Egypt Rising

[ Posted Friday, February 11th, 2011 – 17:37 UTC ]

The stunning news today of Egyptian leader Hosni Mubarak stepping down has all but eclipsed the other political news of the week. Who would have thought, a month ago, that a government that had oppressed its own people for over three decades would fall simply because a bunch of people marched in the streets and refused to give up?

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Can Boehner Count Votes?

[ Posted Wednesday, February 9th, 2011 – 17:07 UTC ]

Speaker of the House John Boehner seems not to be able to count votes very well. Or, to be more charitable, perhaps he's just working through his opening day jitters. But it certainly seems that he is indeed making a few rookie vote-counting mistakes as he learns his new job.

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