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US economy

This tag is associated with 18 posts

Where Are The Jobs, Mr. President?

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Back in January 2012, I predicted that if unemployment was below 8% on Election Day, President Obama would be reelected (with some additional caveats). Dutifully enough, the Bureau of Labor Statistics reported that unemployment stood at 7.9% in October and the President never looked back. In an election where social and foreign policy issues were arrayed […]

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Myth #4: Democrats are bad for business

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It has long been an article of faith amongst Republicans that only their party can be good for the economy, because Democrats are in fact closet socialists. This tradition goes back all the way to the founding of the Republican Party, which was disdained by the 1850’s version of the Democratic Party as Yankee stockjobbers and rabid New England […]

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The Lost Decade

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A graphic representation of George W Bush’s economic legacy: Source: Pew Research Center, 22 August 2012 Unless you individually earn more than $250,000 a year, you would be a fool to vote Republican this year. Otherwise, the 2010’s graph is likely to be even lower than -5.9%.

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The Cost of Failure

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In January 2008, the non-partisan Congressional Budget Office (CBO) presented an economic and fiscal outlook for the period 2008 to 2018. They projected that the Federal fiscal deficit in 2008 would be 1.5% of GDP, or -$220 billion. Moderate fiscal deficits (< 2% GDP) would continue through 2010, and then decline into a slight surplus as the […]

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The Energy Policy that Wasn’t

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The Junkie One of Barack Obama’s key campaign pledges back in the summer of 2008 was to craft a new energy policy for the country, and to do so in an open and transparent manner. The American people were justifiably suspicious of Vice President Dick Cheney closeting himself with oil executives in ‘closed door’ sessions to […]

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Take action on pending Free Trade Agreements!

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http://www.brookings.edu/papers/2011/07_trade_accords_cardenas_meltzer.aspx Congress has three critical free trade agreements pending votes: with South Korea, Colombia, and Panama. All three have been painstakingly negotiated over a period of years, starting with the Bush Administration, and all have the support of the Obama Administration. Furthermore, all bring important economic and strategic benefits to the United States. The US-Korea FTA […]

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Good article on California’s problems writ large

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http://www.vanityfair.com/business/features/2011/11/michael-lewis-201111#gotopage1 Vanity Fair publishes a good view of the disintegration of the American city and the degenerative cultural cycle that has dragged us down to where we are today (and much, much further if we let it).

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Trader predicts Eurozone collapse on BBC

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I think our trader friend is exaggerating when he says that Goldman Sachs rules the world – they may think they do, and they certainly pay themselves commensurate bonuses – but it is not a stretch to say that the eurozone response to market pressures has been lackluster. There is very definitely a high probability […]

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“Our obligations to our country never cease but with our lives.“

John Adams

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