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Articles tagged with: American economy

Politics &raquo

[28 Sep 2011 | 5 Comments | ]
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 is that the things didn’t get a whole lot worse.   In fact, the year 2011 has taught Americans the following valuable lessons:
1.  The “Recession of 2008” has now lasted four …

Economics &raquo

[25 Jun 2011 | 4 Comments | ]
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 reach a settlement.  On Thursday, both of the Republicans on the committee, Jon Kyl and Eric Cantor,  stormed out of meeting in frustration over the Democrats insistence that tax increases …

Economics &raquo

[13 Jun 2010 | 28 Comments | ]

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 more spending is needed to bring down persistently high unemployment, Congress has become weary of spending bills that contribute to greater deficits, and fearful of an electorate that is worried …

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