Are the majority of Americans lazy and averse to work? Would they prefer not to work and to enjoy a free ride from the government? How we answer this question, or how congressional leaders answer it, has a lot to do with what is really life-or-death legislation coming out of Washington, particularly with regards to…
Writing for CNN, Matt Egan recently reported, “US credit card debt suddenly reversed course in March and fell by the largest percentage in more than 30 years. At the same time, savings rates climbed to levels unseen since Ronald Reagan was in the White House.†Good news? Seemingly so. Americans appear to be behaving in…
The impatient discussion about when America can “re-open†for business has not only often proceeded, on the Republican side, with willful ignorance of informed medical perspectives, but it has also tended to pose a dangerously ignorant and unimaginative false choice to Americans: either save lives or save our economy and way of life. Republican Representative…
The head of the International Monetary Fund has issued a grim forecast about the world economy. As deaths from Coronavirus grow, most countries will also face a deep recession. IMF chief Kristalina Georgieva said that almost all of the organization’s 189 members will see living standards decline this year. She said the economic effect would…
Donald Trump has repeatedly expressed an impatience to send Americans back to work and re-open all the businesses currently closed. “We can’t let the cure be worse than the problem,†he has said repeatedly. With this new favorite mantra of his, he is pitting saving people’s lives against saving the economy, coming down in favor…
Appeals Court rules that Bank of America is too big to levy a fine against after a jury found the megabank guilty of fraud in mortgage crisis.
The International Monetary Fund (IMF), has finally conducted comprehensive research and reported what every conscious human being on Earth already knows like they know the Sun rises in the East; GOP trickle-down economics is a certifiable economic disaster that reliably retards economic growth, kills jobs, and increases income inequality.
Jeb Bush said, “If someone wants to run a campaign about 90s nostalgia, it’s not going to be very successful.”
Monday marked the fifth anniversary of President Obama’s stimulus package that helped pull the nation out of the worst recession seen since the Great Depression.
Americans can hardly take much more economic abuse from Republicans and Wall Street CEOs, panting to cut spending under the guise of debt or deficit reduction just to enrich wealthy industrialists.
Could the answer to the ongoing economic woes of the country be a forgiveness of household debt? At least one economist thinks so.
