Debating the Economics of Decline
Thomas Edsall, a professor of journalism at Columbia University and author of The Age of Austerity, has an interesting discussion in the New York Times “Opinionator” section today in which…
Since Congress will not do its job, the “fiscal cliff” will do it for them
The failure of Congress to make substantial economic reform is nowhere more visible than in the present hysteria regarding the “fiscal cliff” and its consequences for the federal budget and…
Americans return Obama to the job
The most expensive election campaign in U.S. history came to an end yesterday. According to FEC and independent estimates over $4 billion was spent in the race between President Obama…
Storm wreckage to disrupt election
Election Day is just two days away. The cost of Hurricane Sandy to the region is estimated to be around $60 billion. While the clean up crawls forward, tensions in…
Sandy douses Northeast, disrupts markets, campaigns and polling
Last year, Hurricane Irene was promoted by meteorologists and media-hype as the “storm of the century” but failed to develop the promised punch. This year, Sandy did not fail to…
Blame it on Obama? Don’t forget Republicans to blame for this mess
Tonight is the third and final presidential debate before the election next month. The primary focus of this debate in Boca Raton, FL will be foreign policy, but most commentators…
Justice Department, SEC give up investigation into Goldman Sachs
The Department of Justice announced it will not bring civil or criminal charges against investment bank Goldman Sachs, despite its probable violations of various banking and securities laws that precipitated…
Romney’s recent attacks mimic Republican lies on “welfare queens”
Republican presidential nominee Mitt Romney attacked President Obama on the campaign trail, claiming that an executive order issued this week through the Department of Health and Human Services significantly weakens…
July jobs report confirms weak pace of jobless economic “recovery”
The Labor Department released July’s employment figures today and once again there is little good news. According to the report the economy added 163,000 jobs last month even though the…
Fed warnings on economic recovery accentuate stark political choices
In the minutes from its June meeting several Fed policymakers warned that the economy could worsen due to a number of factors, including Congressional failure to avert tax hikes and…