FDR Memorial, Wash., D.C. “There has been an unprecedented rise in the number of persons with very long durations of unemployment during the recent labor market downturn. Nearly 11 percent of unemployed...
I’ve often hinted, but seldom written of my belief that the GOP ideological strategy that remains within what’s left of the Reagan GOP is now devoted to literally courting an economic depression. This is...
Road Runner, Wily Coyote, or Blue Dog? Yesterday, economist Paul Krugman put it well, “A not-so-funny thing happened on the way to economic recovery. Over the last two weeks, what should have been a...
This evening, Democrats in the House of Representatives passed H.R. 1, a fiscal stimulus and tax cut bill. With only 11 Democrats voting against the bill, Republicans – in a display of their likely...
Yesterday, following the rude demise in the Senate of a legislative response, my hope for the Big 3 and, by extension, the economy, included most prominently the use of Troubled Asset Relief Program (TARP)...
Welcome to the Lesser Depression. With a procedural vote of 52 to 35 the Senate voted to not proceed to consideration of the $14 Billion Big 3 auto loan package passed by the House...
