Articles tagged with: unemployment rate
Wake Up! It’s Class Warfare on The Middle Class
While President Obama‘s new tax plan may not appease everyone, it is appalling for the Conservatives to call it “class warfare on the wealthy.” Excuse me, but the wealthy have enjoyed tax cuts for years and have loopholes galore, unlike the middle class. Since Bush enacted those tax cuts for the wealthy some years ago, I would like to know …
Congress “Fiddles” While the Unemployed Starve
The old adage about how “Nero fiddled while Rome burned” has never applied more to the U.S. Congress than it does today. As most Americans are enjoying the Independence Day weekend, Congress is set to begin its mid-summer break, and won’t be returning to Washington until July 12. It’s not that a holiday from work, even for elected officials, is …
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 …
Financial System Reforms Needed Now
The continued high unemployment rate, the weakness in manufacturing, and the tightening-up of Chinese monetary policy have all contributed to a feeling among investors that stock values may be too high.
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.
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 …
The Roller Coaster Ride Continues
Step right up, folks, and come on aboard! The stock market roller coaster is leaving the platform for another exciting, thrilling and fun-filled trip through the land of gains and losses. It’s time again to break out the Valium, buckle your seat-belt and hold on tight. After relatively smooth sailing since reaching its bottom in March of 2009, the stock market is …
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 …
Where are all the Hoovervilles?
Most economists, in government and in the private sector, have concluded that the nation’s unemployment rate will be around ten percent by year’s end. The general feeling is that unemployment will continue to rise even as the overall economy steadily improves. They call this the “lag effect”. The theory is that companies “burned” by the prolonged downturn in business, and the …
