Articles tagged with: American economy
The Tough Lessons of 2011
By the end of this week, three quarters of the year 2011 will behind us, leaving only a few months left until year end. So far, 2011 hasn’t really given Americans too much to cheer about, and certainly hasn’t lived up to the expectations for a decent economic recovery. I suppose the best thing that can be said about 2011 …
Politicians Kick the “Debt Crisis” Can Down The Road
As the Summer presses on, and the August 2nd deadline for reaching an agreement on raising the U.S. national debt ceiling gets ever closer, neither the Republicans nor the Democrats have shown a willingness to compromise their positions. In fact, the bi-partisan committee of six key lawmakers, headed by Vice President Joe Biden, have essentially given up on trying to …
10% Unemployment : The New “Normal”
The Obama Administration’s efforts to combat unemployment continued on Saturday, when the President urged Congress to quickly approve nearly $50 billion in emergency aid to state and local governments. According to Mr. Obama, the money is needed to avoid “massive layoffs of teachers, police and firefighters”, and to support the fragile economic recovery. Although many economists say that …
The 2010 “Jobs Bill” : A Necessary Step
The Federal Government cannot simply cut off the safety net of unemployment benefits to those millions of people who have lost jobs due to the recession, and to the states that have lost tax revenues used to pay for Medicaid.
The Obama Agenda: Good For America
For some reason, it feels like the the waning few months of the Bush Administration happened ages ago. I remember it well; those were the “not so good old days” when the financial services industry and the American auto industry were crashing and burning. Those were the days when the stock market, along with everyone’s 401-K plans, was losing over …
The National Debt Conundrum
In a very real sense, the inability of America’s elected representatives to take even the small step of creating a bi-partisan commission to study the national debt problem is an ominous sign of the political gridlock in Washington.
2010: A Year of Resurgence For Democrats
It is not too early to let Republicans know that reactionary politics have no place in America today. The myth that conservative candidates will stage a major come-back in the 2010 elections should be exposed for what it is; another desperate attempt by the Republican Party to block the people’s agenda in America.
Obama: A Man For The Ages
most economists admit that 2010 will most likely be a year of slow economic recovery in the United States. During this year, the country will begin to digest the ramifications of the health care reform package, and many employers will position themselves to take advantage of the newly defined “health care landscape”.
High Unemployment Will Dog 2010
There is little doubt that continued high unemployment rates will have a major impact on the 2010 mid-term elections, and may hamper Obama’s ability to accomplish other major campaign initiatives. The truth of the matter is that there is very little the Obama Administration (or any administration) can do to effect the economy in any significant way without changing the American capitalistic system.
Economic Recovery : A Bumpy Road
Hold on to your hats, America, the recession’s not over yet. Although the economy grew at a healthy rate during the July to September time frame, causing many economists to announce the end of the recession, it seems that the “recovery party” is over; at least for the time being. The Labor Department said on Friday that the American economy …
