We need to tie wages to productivity again, the way it was before the conservatives started taking control of the economy in the late 1970s.
If the Republicans are correct and high minimum wage hurts the economy, the Australian GDP should be in a recession ,right? However, the Australian economy has been growing for many years.
It turns out that the tick up in unemployment was merely statistical, participation didn't really increase but November and December job numbers had enormous upward revisions.
There has been a lot of talk about another special election in Massachusetts where Scott Brown may make a come back. I think Obama could snuff that out in by extending an olive branch to Scott Brown.
While radical Republicans keep saying how bad the economy is, the actual numbers coming out this week tell the story of steady improvement.
Despite the absolutely ridiculous Republican claims, the United States may soon be the world's largest oil producing nation, overtaking Saudi Arabia.
According to Gallup, President Obama's job approval rating has jumped to 53% since the third presidential debate. This is Obama's highest approval rating by since Bin Laden's death in May of 2011.
When President Obama took office, the federal deficit was $1.413 trillion dollars. Three years later, at the end of fiscal year 2012, the deficit has been cut by 25% to 1.089 trillion dollars.
Gallup's 30 day moving average poll finds unemployment has dropped to 7.3%. This obviously correlates to the recent BLS numbers that had the right wing in a frenzy of conspiracy talk.
The drop in the unemployment rate to 7.8% has gotten the radicals on the right all twisted and spouting pathetic conspiracy theories about the BLS and Obama. Here's why they are wrong.
Most Republicans would rather we completely forget how bad the economy was in 2008, yet have nominated someone who will repeat those policies, it is Obama who has America on a healthy economic path.
The problem for Mitt Romney and the Republicans is the reality of the economy is not fitting into the rhetoric they are spewing to the American people.
The question regarding whether or not the GOP wants the economy to improve was answered today when they criticized the Federal Reserve for QE3.
Paul Ryan has been hypocritically denouncing ObamaCare while trying to extract the benefits of it for his constituency, while also funding a family planning facility.
Canada has cut corporate taxes by almost 30% in 6 years, and their economy is doing no better than that of the United States.
Buried in the latest results of the NBC News/Wall Street Journal poll is an 18 point swing in economic optimism for President Obama.
Well back in 2003, the Center for Budget and Policy Priorities was concerned and they predicted perfectly that due to the Bush tax cuts, we would have a one trillion dollar deficit.
The tea party may enable an Obama win. They just do not care about the presidency this time around, and for that matter neither do the Republicans. The left needs to ready for a fight over Congress.
PolitiFact has just issued their Obama Scorecard and Obama is passing with flying colors, with 74% of his promises listed as kept or in the works.
Chinese workers at Adidas' wholly owned plant are shocked. The German company is closing its doors forever, because workers demanded a raise.