Articles tagged with: recession
The Little (Economic) Engine That Couldn’t
For most Americans paying any attention at all to what’s transpiring around the globe, and especially to what’s happening across the U.S., the news hasn’t been so great lately. After almost four years of deep recession followed by an anemic recovery, thing have not gotten a whole lot better. Unlike past recessions in America, where bad economic times were rapidly …
America’s Tea Party : A Road To Destruction
Few people would doubt that Barack Obama was elected the forty-fourth President of the United States at a perilous time in American history. In fact, his timing could hardly have been worse. Financial markets had crumbled, major banks and insurance companies were descending into insolvency, millions of Americans were losing their jobs, economic recession was spreading across the globe, and …
The Year 2020: When Growth Will Return to America
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Alleluia! It looks like the Federal Reserve policy makers and most of America’s leading economists are finally coming to the same conclusion about the future of the U.S. economy. They aren’t saying that we are headed for a “double-dip” recession, or that somehow the economy will plunge into another “Great Depression”; and they are not warning us about …
The Long and Winding Road to Economic Recovery
On Friday, The Commerce Department revised downward its estimate of how much the U.S. economy grew during the first quarter of 2010. It turns out that GNP (gross national product) growth was an anemic 2.7%, or about half of GNP growth in the fourth quarter of 2009. These figures confirmed what most people already knew; the U.S. economy …
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.
Millions of Empty Houses & Millions of Homeless
Even those who are still financially able to make their mortgage payments are questioning the wisdom of continuing to pay for housing that is worth half of what they paid for it.
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 …
Now is the Time to Invest in Stocks!
Most economists, who are familiar with the dynamics of the business cycle, advise that the U.S. economy will continue to slowly improve as America and the other major economies of the world shake off the effects of the deepest recession experienced since the 1930′s.
The United States of Unemployment
One of the few things that both Democrats and Republicans can agree upon is that the current number of unemployed workers in this country is painfully high. Although the official “unemployment rate” is hovering around 10%, the actual unemployment rate is probably closer to 20%. The reason for this wide disparity is that the official rate only takes into consideration those …
End the Recession With Health Care Reform
The unexpectedly bad “jobs report” released by the Department of Labor on Friday came as no surprise to the Obama Administration, who has warned all along that the recession would most likely impact the economy for the rest of 2009 and probably most of 2010. Given the depth of the recession, that actually began in the fourth quarter of 2007, and given the disastrous …
