Yesterday Senate Majority Leader Mitch MCconnell announced he will be bringing to vote in the Senate this week two stand-alone COVID-19 relief packages. On Tuesday, he will put to vote a Paycheck Protection Program bill to help small businesses, and on Wednesday he will bring back the same $500 billion stimulus package Democrats rejected last…
Last May 15, the House passed a sweeping $3 trillion relief package that would provide another round of stimulus checks for Americans, extend unemployment benefits, broaden the social safety net, and, of great importance, provide relief funding to states. States, of course, and local governments for that matter, are taking a huge hit. Not only…
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…
Nearly one third of Americans who rent their homes, or 13. 4 million people, did not pay their rent between April 1 and April 5 this month. Requests from homeowners to delay making their monthly mortgage payments surged by over 2,000 percent between March 16 and March 30. And we know why, of course. Many…
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…
As talk of a looming recession increases in volume, looking back to the Great Recession in 2008 to assess the effectiveness of how we as a nation responded to it seems like a good idea. It’s always healthy to learn from one’s mistakes and process the past, right? And there were mistakes. The government approved…
To perhaps an unprecedented degree in the United States, we are witnessing an increasingly serious debate playing out about the relative merits of capitalism and socialism.
Trump seems to believe – or at least want you to believe – that this rosy economic picture came out of nowhere, thanks to him.
“It’s like a guy built a house and sold it to someone, and that person walked in and turned the lights on is like, ‘Look at the house I built.'”
Republicans in the House of Representatives are about to dismantle financial reforms enacted by President Obama after the Great Recession.
“Discussion of economic policy is now monopolized by people who have been wrong about everything, have learned nothing from the experience”
When Donald Trump takes office next month, he will be inheriting a country in much better shape than when the current president took office in 2009. For that, he should be saying, “Thanks, Obama.”
The percentage of middle-class households dropped in every state in the Union between 2000 and 2013, along with median income
Clinton warned us a year before the true nature of Wall Street and the financial sector’s malfeasance manifested in a worldwide recession
Under attack and exposed, the Kochs have gone on the offensive, with their minions singing paeans of praise for our “benevolent” overlords
Instead of changing course and helping the majority of the population, Republicans still propose heaping wealth on the rich and increasing taxes on the bottom 90% of the population to complete the utter destruction of middle income earners. According to yet another report they are succeeding beyond their wildest dreams.
Could the answer to the ongoing economic woes of the country be a forgiveness of household debt? At least one economist thinks so.
A new CNN/Opinion Dynamics poll released today should provide some hope to Democrats and cause a bit of concern for the GOP ahead of the mid term elections. The poll revealed that a majority of Americans (53%) blame George W. Bush and the GOP not Barack Obama and the Democrats for the nation’s current economic problems.
