from the Daily Bell. "The missing piece from the economic recovery has finally materialized. Median household income, adjusted for inflation, is now higher than it was before the recession that began at the end of 2007, according to new data published by Sentier Research." –Yahoo So incomes are rising again. Presumably, this is supposed to mean ... MORE
Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts
How The Media Is Lying To You About Economic Recovery
from the Daily Bell. "The missing piece from the economic recovery has finally materialized. Median household income, adjusted for inflation, is now higher than it was before the recession that began at the end of 2007, according to new data published by Sentier Research." –Yahoo So incomes are rising again. Presumably, this is supposed to mean ... MOREHow The Federal Government Betrayed Millennials
by Veronique deRugy. Candidates running for president should take the following warning seriously: Years of bad government policies catering to interest groups have created a generation of young people facing tremendous challenges in the labor market and little chance to experience the good old American dream. We can hope that someone ... MOREHow Bad Are Things For The People Of Greece?
by Lucy Rodgers & Nassos Stylianou. Big government debt is crushing the people. The people of Greece are facing further years of economic hardship following a Eurozone agreement over the terms of a third bailout. The deal included more tax rises and spending cuts, despite the Syriza government coming to power promising to end what it ... MOREJohn Stossel: What Creates Jobs
Regulation kills options. I took a camera to Times Square this week and asked people, "What creates jobs?" Most had no answer. One said, "stimulus!" What? Government creates jobs? No! I suppose it's natural that people think government creates jobs because politicians always say that. "We've now created more than 10 million," said President ... MORETyler Durden: Alan Greenspan Is Warning Of A Significant Market Event; Predicts Gold To Go Measurably Higher
"Something big is going to happen." With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic ... MOREObama's Victory On ObamaCare May Be Shortlived
by Peter Suderman. In a speech on the White House lawn yesterday, President Obama essentially declared victory on Obamacare. But this victory will be tough to sustain. Going forward, the law presents major challenges for the president and his party. Although conservatives played a role in generating some of its core ideas, the law in its ... MORE
Brian Domitrovic: The Sequester That Saved The Economy
Remember stimulus spending? That’s the stuff that the government is supposed to come up with when the economy goes into recession. The idea is that since government expenditures are one part of overall economic output, when private activity wanes, aggregate output, or “GDP” can be maintained. It’s intriguing as a theory, perhaps, but in ... MOREHusna Haq: Why Is Wal-Mart Worried?
Tax increases gouge low-income consumers. Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumers’ disposable income, leaving them with less cash to spend on clothing, groceries, and eating out. As a result, more than three ... MOREDonald Lambro: Economy Progresses Downward
Americans re-elected this recession. When millions of voters went to the polls in November to narrowly re-elect Barack Obama, the economy was rapidly shrinking toward recessionary levels. In the last three months of 2012, the gross domestic product — the
measurement of everything America produces — fell to an annualized rate
of 0.1 percent, the ... MOREPeter Morici: Of The Fiscal Cliff And Into The Abyss
A fast track to chaos. Efforts to avert the fiscal cliff offer great drama, but won't solve Washington's budget woes and could precipitate another recession or worse. The Budget Act of 2011 requires the president and Congress to agree on a nine-year $1.2 trillion deficit reduction program, or annual defense and nonentitlement ... MORE
Ralph R. Reiland: We're Going Backward
Obama keeps saying we're moving forward. They say the economy is moving in the right direction, that we should stay the course, that it takes time to pull out of the recession that began in late 2007. In fact, things are getting worse. The economy was creating 153,000 new jobs per month last year. That dropped during the first seven months ... MORERandall Hoven: What's Strangling Job-Creation?
The mountain of government obstacles. Recessions were never fun, but we used to bounce back from them fairly quickly. The phrase "bounce back" actually applied. They were more like injuries in our youth: we could "walk them off." Healing was natural, speedy, and expected. But now it seems like every minor injury sends us to the hospital; ... MOREJacob Hornberger: Should There Be A Federal Tipping Law?
Voluntarily doing the right thing. Suppose the Franklin Roosevelt administration had enacted a law in the 1930s that required every restaurant customer in America to pay a 15 percent tip to waiters. The argument in favor of such a law would have been twofold: to help the poor and to stimulate the economy by getting more money ... MORE
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