I associate the phrase “unconventional monetary policy” with Joe Gagnon. Here we were in 2008 with the conventional monetary instrument — the target Federal Funds rate — pedal to the metal and the economy stalling. Many people said it was time for fiscal stimulus (I think Gagnon agreed). He also suggested unconventional monetary policy, by […]
by Linda Beale Romney’s Private Equity Magic Trick–equity manager’s gain, taxpayers’ losses (Reich Video) Mitt Romney claims that his business experience at Bain Capital is a superb qualification for the presidency. He implies that this experience will carry over to his economic policies, with the suggestion that he will become a “job creator-in-chief” like all […]
A new Romney ad tells older voters to think of it this way: “The money you paid for your guaranteed health care is going to a massive new government program that’s not for you.” — Gail Collins, Middle-Age Blues, New York Times, this evening What? If current Medicare recipients, and those who will begin receiving it within the […]
Ann Romney said in an interview airing Wednesday that her husband has no plans to release additional tax returns, saying “it’ll just give them more ammunition” and insisting that “there’s nothing we’re hiding.” “We have been very transparent to what’s legally required of us. But the more we release, the more we get attacked, the more […]
by Rebecca Wilder According to the Eurostat flash estimate, Euro area GDP fell by 0.2% in both the euro area and the EU27 in the second quarter of 2012. In the first quarter of 2012, growth rates were 0.0% in both zones. On balance, the Euro area is very likely in recession despite the fact […]
by Linda Beale Romryanomics–prosperity for the well-off fueled by austerity for the rest I’ve put off writing about stilted robo-Romney’s choice of the perpetual-smily-Ryan as veep about as long as I can, I suppose. So let me talk about it in broad terms in this post. In the next posts, I’ll discuss more methodically the […]
During the Great Recession, when many hospitals across the country were nearly brought to their knees by growing numbers of uninsured patients, one hospital system not only survived — it thrived. In fact, profits at the health care industry giant HCA, which controls 163 hospitals from New Hampshire to California, have soared, far outpacing those of most […]
by Linda Beale ID theft as basis of systemic IRS tax refund fraud problems Early in 2012, the IRS and Justice Department announced a major crackdown on identity theft and enforcement efforts against tax refund fraud. See IIRS, Identity Theft Crackdown Swweps Across the Nation: More than 200 Actions Taken in Past Week in 23 […]
Lifted from Robert’s stochastic thoughts on media: Wish I’d Typed this Bill Nothstine · Top Commenter · Living Liberally And, to be fair to Romney [brief interlude while Bill clutches frantically, Strangelove-like, at the hand that just typed those words], if he said it on TV that can be considered at least prima facie evidence […]