Category Archives: Economy

Where Are The Jobs?

Apparently the jobs are here. Job openings have reached a 13-year high according to the Labor Department. U.S. employers had 4.7 million job openings on the last business day of June, up from 4.6 million a month earlier, the Labor … Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading

Posted in Economy, Jobs | 3 Comments

Out of Control Spending

The Treasury Department announced today that the nation’s borrowing needs have reached a 7-year low for the current quarter of the year and, if projections hold, the next quarter will be lower once again. via Bloomberg The U.S. Treasury said … Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading

Posted in Economy | Tagged , , | 6 Comments

Economy Adds 288,000 Jobs, Unemployment Falls, Fox Business Host Derps

To the dismay of House Republicans, the economy continues to improve without them or in spite of them. The ADP Research Institute announced yesterday that 285,000 jobs were added to the economy during the month of June, but the Labor … Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading

Posted in Economy, Jobs | Tagged , , , | 4 Comments

Buffer Zone

Artist – Jen Sorensen In other news, American companies added 285,000 jobs during the month of June according to the ADP Research Institute. Meanwhile, Texas Land Commissioner Jerry Patterson says Governor Rick Perry has become a “West Coast metrosexual” because … Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading

Posted in Economy, Jobs, Open Thread, Rick Perry, Supreme Court | Tagged , , , | 1 Comment

Socialism

President Obama is apparently the world’s worst socialist tyrant as CEO pay has reached another milestone. The median CEO pay package hit $10.5 million last year, according to the Associated Press, cracking eight figures for the first time since the … Continue reading
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Posted in Economy | Tagged , | Leave a comment

Out of Control Spending

Actually, the federal government had a significant budget surplus during the month of April; the largest since 2008. WASHINGTON (MarketWatch) — The federal government had a budget surplus of $114 billion in April, the Congressional Budget Office estimated Wednesday. That … Continue reading
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Posted in Economy | Tagged , , | 8 Comments

House Bill Cuts Transit, Housing Assistence

House Republicans have unveiled their version of the transportation, housing and urban development (THUD) appropriations bill and, not surprisingly, it cuts funding by nearly $2 billion. The bill cuts TIGER grants, a favorite of many lawmakers, by $500 million to … Continue reading
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Posted in Economy, Transportation | Tagged , , | 3 Comments

U.S. Hiring Surges, Distracts From Benghazi

Hiring surged during the month of April according to the Labor Department. via Bloomberg The 288,000 gain in employment was the biggest since January 2012 and followed a 203,000 increase the prior month, Labor Department figures showed today in Washington. … Continue reading
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Posted in Economy, Jobs | Tagged | 2 Comments

Ryan Will Help The Poor by Hurting Them The Most

The Center on Budget and Policy Priorities has taken a slightly deeper look at the latest iteration of Paul Ryan’s Path to Poverty fantasy budget and found that it is indeed a heaping pile of crap. CBPP: Some 69 percent … Continue reading
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Posted in Economy | Tagged , , | 3 Comments

House Will Pass Ryan’s Fantasy Budget, Again

Fourth time’s a charm? House Republican leadership said today that they will pass The Path to Poverty 4.0. “It’ll pass,” Majority Whip Kevin McCarthy (R-Calif.) said during a leadership press conference, answering a reporter’s question that was directed at Speaker … Continue reading
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Posted in Congress, Economy | Tagged , , , | 6 Comments

The Series Finale of Paul Ryan’s Path to Poverty

If House Budget Committee Chairman Paul Ryan (R-WI) has his way, this will be the last year he sits on the Budget Committee as he has his sights set on chairing the Ways and Means Committee. That means the latest … Continue reading
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Posted in Economy | Tagged , , , | 1 Comment

Murray Energy Says It’s All About Jobs

The CEO of Murray Energy, which is suing the Environmental Protection Agency, wants you to know that it’s all about jobs; not his profits. “The Administrator has continued to administer and enforce the Clean Air Act in a manner that … Continue reading
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Posted in Economy | Tagged , , , | 3 Comments

Econ. for Suckers

Artist – Joel Pett In other news, the House Ethics Committee has revealed that it has evidence Rep. Cathy McMorris Rodgers (R-WA) misused official funds for her campaign to become the House Republican Conference chair. Delivering the Republican State of … Continue reading
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Posted in Congress, Economy, Ethics, Open Thread | Tagged , , | 4 Comments

How Michigan Lawmakers Bankrupted Their Own Cities

Cities in the state of Michigan, especially likes of Detroit and Flint, are typically held up as beacons of mismanagement or corruption, but they didn’t arrive at their current predicament on their own according to a new report from the … Continue reading
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Posted in Economy | Tagged , , , | 5 Comments

Quote of the Day

Indeed, race is the Rosetta Stone that makes sense of many otherwise incomprehensible aspects of U.S. politics. -Paul Krugman on That Old-Time Dogwhistle This may be the most poignant and relevant thing Krugman has written in quite some time. Calling … Continue reading
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Posted in Economy, Quote, Racism | Tagged , , | 4 Comments

Socialism on the March

The number of millionaires in the United States has hit a new all-time record high of 9.63 million. From the Los Angeles Times: That eclipses the old mark of 9.2 million in 2007 before the global financial crisis, according to … Continue reading
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Posted in Economy | Tagged | 2 Comments

Paul Ryan Misrepresented Economists He Cited

The Financial Times reports that House Budget Committee Chairman Paul Ryan (R-WI) either misstated or outright misrepresented the findings and opinions of economists which he included in his analysis of anti-poverty programs. Programs that, according to him, have actually made … Continue reading
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Posted in Economy, Lying Liars | Tagged , | 9 Comments

Shocker: House GOP Tax Plan is Complete Crap

It’s not as if I was going out on a long limb to predict that the House GOP tax plan would be dog shit, but I told you so. Just as predicted, their new plan pays for a huge tax … Continue reading
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Posted in Economy, Taxes | Tagged , , | 9 Comments

New Tax Plan Same as the Old Tax Plan

House Republicans are poised to unveil their new plan to simplify the tax code and — guess what? — it’s the Paul Ryan Path to Poverty! Tada! The long-awaited simplification of the tax code being drafted by House Republicans would … Continue reading
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Posted in Economy, Taxes | Tagged , | 3 Comments

What Could Go Wrong?

This may be the most disturbing story I’ve read today. You should visit Mother Jones for the full report, but the gist is that Wall Street has cooked up a new form of securities that could be just as volatile … Continue reading
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Posted in Economy, Housing Market | Tagged , , | 10 Comments