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Saturday, December 16, 2017
stimulus
Guaranteed Job

Calling Trump’s Bluff: A Guaranteed Job For Every American Who Wants To Work

The job guarantee asserts that, if individuals bear a moral duty to work, then society and employers bear a reciprocal moral duty to provide good, dignified work for all. It would finally make real the ideal, stated in Franklin Roosevelt’s “Economic Bill of Rights,” that every American possesses a “right to a useful and remunerative job” and “to earn enough to provide adequate food and clothing and recreation.” Not a paternalistic aid, and not some tribute to aristocratic virtue, but a right to be claimed and exercised

March 25, 2017
U.S. President Barack Obama receives a hug after speaking about the economy during a visit to Concord Community High School in Elkhart, Indiana, U.S. June 1, 2016. REUTERS/Kevin Lamarque

Obama Previews Role In Presidential Campaign As Attacker Of Trump’s Proposals

Obama called Trump’s proposals on illegal immigration “a fantasy,” and said that although Trump’s prescriptions would do little to help economic anxiety. “When I hear working families thinking about voting for [Trump’s] plans,” Obama said, “then I want to have an intervention. I want you to take a look at what they’re talking about here.

June 1, 2016
U.S. President Barack Obama toasts with Argentina's President Mauricio Macri during a state dinner in the Centro Cultural Kirchner as part of President Obama's two-day visit to Argentina, in Buenos Aires March 23, 2016. REUTERS/Carlos Barria

5 Reasons Barack Obama Doesn’t Get The Credit He Deserves

The stock market nearing new highs? Bubble! Jobless claims at a 43-year low? The numbers must be fake! More than 20 million Americans gained health insurance? Obamacare can’t possibly be helping anyone because I know a guy who knows someone’s doctor who said…

May 2, 2016
U.S. Democratic presidential candidate Bernie Sanders addresses supporters at his caucus night rally in Des Moines

The Great Big Fight Over Bernie Sanders’s Economics

“Their criticisms are more of the outcomes of my analysis than the process by which I got them.”

February 25, 2016

5 Hidden Ways Obama Has Transformed America For The Better

You can judge President Obama’s results by how desperate Republicans are to reverse them. If there’s ever a time to stop and appreciate the singular presidency we’ve just all lived through, it’s now. Here are five hidden successes from the president’s tenure.

January 11, 2016
Infrastructure, Clean-Coal, Environment, Coal, Climate Change, Illinois, FutureGen, Stimulus, Carbon Capture, Clean Energy, EPA

The White House Walks Away From Clean Coal

Falling oil prices are causing trouble for the coal industry.

February 17, 2015

5 Policies That Republicans Loved (Until Obama Did, Too)

The easiest way to turn Republicans against an idea is to tell them that Obama is for it.

February 13, 2015

5 Things To Tell Your Republican Relatives At Thanksgiving Dinner

The definitive guide to dealing with your Fox-addled family members.

November 26, 2014
Chuck Schumer and the Democrats need to rebrand their economic message

Schumer: Health Care Reform Was ‘Wrong Problem’ For Democrats To Focus On

Find out what Senator Schumer thinks Democrats should have done instead of passing Obamacare.

November 25, 2014

Fed Sees Stimulus Exit In October

Washington (AFP) – The Federal Reserve plans to stop buying bonds in October, setting an exit to its stimulus program for the U.S. economy, policy meeting minutes showed Wednesday. “If the economy progresses about as the Committee expects… this final reduction would occur following the October meeting,” said the minutes of the June 17-18 meeting […]

July 9, 2014

America Can Attain Full Employment With A Bold Approach To The Jobs Emergency

A new report from the Rediscovering Government Initiative lays out 15 ways the government can create more and better jobs starting right now. After five long years, the economy has at last produced enough new jobs to compensate for the 8 million lost in the Great Recession of 2009. But in that same period some […]

April 11, 2014

The Progressive Budget Reminds Us That Government Can Create Jobs

Unemployment is still a major problem in the U.S., and the best solutions involve a more aggressive government response. The Congressional Progressive Caucus budget, released last Wednesday, is forecast to create more than 8 million jobs by 2017 – a claim that is bound to stir up an argument about the government’s role in job creation. […]

March 17, 2014

Most Economists In Survey Say Fed Bond-Buying Has Helped Recovery

By Jim Puzzanghera, Los Angeles Times WASHINGTON — Most business economists believe the Federal Reserve’s controversial bond-buying stimulus program has helped boost the recovery, but differ on the effects of the health care reform law and other policies by President Barack Obama and Congress, according to survey results released Monday. Nearly 70 percent of respondents […]

February 24, 2014

5 CBO Findings About Improving The Economy That Republicans Will Always Ignore

Republicans celebrated a new report from the Congressional Budget Office this week that said raising the minimum wage to $10.10 could cost the economy 500,000 jobs. Our Joe Conason hollowed out the arguments the right uses against raising wages for America’s lowest-paid workers. Richard Trumka — head of America’s largest labor union, the AFL/CIO — encouraged […]

February 21, 2014

5 Ways The Stimulus Saved And Remade America

The party that still thinks the Bush tax cuts (which resulted in the most negligible job creation in decades) and the Iraq War (which resulted in the Iraq War) both worked wants you to believe that the stimulus failed. And they’ve been making that argument since before the American Recovery and Reinvestment Act even had a […]

February 17, 2014

Fed Cuts Another $10 Billion From Stimulus Program

Washington (AFP) – The Federal Reserve stayed the course on tapering its stimulus for the U.S. economy Wednesday, reducing its asset purchases by $10 billion for the second month in a row. The Fed, as expected, cut the stimulus to $65 billion a month, while leaving its benchmark interest rate near zero, citing “growing underlying […]

January 29, 2014

Decaying And Underemployed, America Needs A Politics Of Reconstruction

Considering how incessantly all politicians blather about jobs and how badly we need them, it is remarkable how little most of them actually do to increase employment. Much of what they’ve done in Washington over the past few years has achieved precisely the opposite, in fact – which leaves voters understandably cynical about government’s capacity […]

January 17, 2014

Lesson From December’s Jobs Report: Turn On The Fiscal Jets

The economy is not yet strong enough to cope with tighter monetary policy, but fiscal policy is what’s really missing from this recovery. The weak employment report out today reinforces the view that the Federal Reserve should not ease up on monetary policy soon. The strength of this economic recovery is not yet clear, and the […]

January 10, 2014

You Think Obama’s Been A Bad President? Prove It

Aug. 26 (Bloomberg) — Tell me again why Barack Obama has been such a bad president? I’m not talking here about him as a tactician and communicator. We can agree that he has played some bad poker with Congress. And let’s stipulate that at the moment he’s falling short in the intangibles of leadership. I’m […]

August 26, 2011

Bernanke Will Stimulate if Necessary

In testimony before the House Financial Services Committee Wednesday, Fed Chairman Ben Bernanke indicated that the central bank would commit to another round of stimulus if economic growth continues to stall. The Fed Chief acknowledged that economic numbers from the first half of 2011 were less than impressive. Attributing the dismal 9.2% unemployment rate from […]

July 13, 2011

Gay Marriage: A $284 Million Stimulus For New York?

The New York City wedding-industrial complex is downright giddy about the recent legalization of same sex marriage. The Independent Economic Conference estimates that the increased tourism and wedding services (cakes! jewelers! DJs! retail registries) will bring in an extra $284 million a year. Bill White, the former president of the Intrepid Museum, has reserved the […]

June 28, 2011