See update at bottom. Pavlina Tcherneva’s chart has been getting a lot of play out there: Vox/Matthew Yglesias labeled it “The most important chart about the American economy you’ll see this year.” Scott Winship at Fortune came back at it on methodological grounds, with the headline “No, the Rich Are Not Taking All of the Economic Pie (In […]
Barack Obama wanted to galvanize Democrats when he insisted this week that his economic policies are on the ballot in November. Instead, the soundbite has already become the centerpiece of new Republican attack ads. Kentucky Sen. Mitch McConnell uses the clip in a new commercial, shared first with POLITICO. Kansas Sen. Pat Roberts turned his own […]
While I was reading an article on the web this morning from my phone, up popped one of those incessant anti-Obama/anti-Obamacare “take-a-survey” ads—one of those little square red-and-white-bordered things with a goofy-looking picture of Obama on it. My laptop software blocks these things, so I was lucky enough to have not seen one of those […]
Just compare the graphs (reminder, mainly to myself, at least with Chrome, you have to click “read more” to see the graphs) Reagan Obama Overall Reagan saw a decline of 0.5% from 7.5% in January 1981 to 7.0% in September 1986, while Obama saw a decline of 1.9% from 7.8 % inJanuary 2009 to 5.9% […]
by New Deal democrat (re-posted from Bonddad blog with permission from the author) The unemployment rate as a leading indicator for wage growth One of the most pronounced issues in the US economy generally is the stagnation of wages since the turn of the Millennium, and specifically the […]
Yves Smith last year October 2013 pointed to the law suit by Carmen Segarra: On Thursday, a former bank examiner at the Federal Reserve Bank of New York, Carmen Segarra, filed a suit (embedded at the end of this post) against the New York Fed and several of its employees alleging, among other things, improper […]
Via @BlogWood, I learned that Boeing is going to move 2000 skilled jobs away from Washington state, despite just receiving $8.7 billion (with a B) in subsidies for the years 2025-2040. Really, I’m speechless. “Chutzpah” is one of the more printable words I can think of to describe this. You will recall that the state’s […]
authored by Alan Collinge of the Student Loan Justice Organization, a grass roots group seeking the swift return of standard bankruptcy protections and other consumer protections to all student loans in the U.S. “We started by going after Sallie Mae debt because Sallie Mae is for my generation sort of the Voldemort, this cosmic level […]
Highlights: There was this at the Senate debate in Iowa on Sunday: “I will fight hard to protect Social Security and Medicare for seniors like my mom and dad because our Greatest Generation has worked so hard for the American dream for our families,” said Republican Joni Ernst. Like many conservatives, Ernst supports some sort […]