Category Archives: Economy

Paul Krugman Says What He Got Wrong

Here’s something you don’t see every day: an economist talking about the things they got wrong. via Business Insider Just once I’d like to see a conservative economist admit that the Ryan Budget and Republican economic philosophy is hogwash. Tried, … 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, Ethics | Tagged , | 3 Comments

Brownback’s Tax Policy May Be An Even Bigger Failure

Earlier this week it was revealed that the state of Kansas may miss revenue goals by $1 billion over the next two years under Governor Sam Brownback’s economic regime, but it may be even worse than that according to analysis … Continue reading

Posted in Economy | Tagged , , , | 4 Comments

Healthcare Coupons and Block Grants: Paul Ryan’s Path to Poverty is Back

The New York Times reports that Congressional Republican plan to continue pushing the monumentally-bad Paul Ryan budget and everything that entails during the next session of Congress. Congressional Republicans intend to present a plan to overhaul Medicare, calling for voucherlike … 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 Continue reading

Posted in Economy | Tagged , , , | 9 Comments

Brownback’s Tax Cut Magic Still Isn’t Working, Will Never Work

Governor Sam Brownback told the people of Kansas that his formula of tax cuts and budget cuts would get the economy moving again if they just give it more time and apparently the people bought it because they saw fit … 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 Continue reading Continue reading

Posted in Economy, Election 2014, Taxes | Tagged , , | 10 Comments

Thanks Obama

214,000 jobs were added to the economy during the month of October according to the Labor Department. Furthermore, the number of people participating in the labor force has reached its highest point in five years. Numbers for the month of … 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 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 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 | 12 Comments

Report: 230,000 Jobs Added to the Economy in October

I could easily spend the entire day ranting about how dumb Americans are, but I’ll share some positive news instead. We’re going to need it. Numbers released this morning by the ADP Research Institute show that 230,000 jobs were created … 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 Continue reading Continue reading Continue reading

Posted in Economy, Election 2014, Jobs | Tagged | 28 Comments

Out of Control Spending

The federal budget deficit has decreased to it’s lowest level since 2007 thanks primarily to economic growth. Furthermore, the federal government also posted a larger surplus, beating most estimates. via Bloomberg Treasury Secretary Jacob J. Lew said the fiscal improvement … 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

Tax Cut Magic

As you may already be aware, Kansas Governor Sam Brownback’s economic regimen has backfired. Tax cuts signed into law by his administration have left deep holes in the state budget which resulted in cuts to education, among other things. It’s … 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, Taxes | Tagged , , | 7 Comments

Jobless Claims Lowest Since Nearly 2005

via Bloomberg Jobless claims declined by 1,000 to 287,000 in the week ended Oct. 4, a Labor Department report showed today in Washington. The median forecast of 50 economists surveyed by Bloomberg called for 295,000. The four-week average, considered a … 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

Patriotic Outsourcing

Georgia Republican senate candidate David Perdue says he isn’t ashamed that he championed the outsourcing of jobs to China when he was an executive. On the contrary, he’s “proud” of his record on outsourcing and believes it was the patriotic … Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading

Posted in Economy, Georgia | Tagged | 4 Comments

Unemployment Falls to 5.9 Percent, GOP Shrugs

Numbers released today by the Labor Department show that unemployment has fallen to a six-year low. Furthermore, numbers for the previous two months were revised upward. via Bloomberg The 248,000 gain in payrolls last month followed a 180,000 increase in … 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 | 8 Comments

Unfair Fight

Artist – Rob Rogers In other news, GDP for the second quarter of the year has been revised upward. The economy grew at an annual rate of 4.6 percent, up from 4.2 percent. Meanwhile, it’s possible Dinesh D’Douchebag is an … 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, Open Thread | Tagged , , | 2 Comments

Trump Resorts Declaring Bankruptcy Again

Donald Trump is no longer the chairman of Trump Entertainment Resorts Inc. (he was the chairman during multiple previous bankruptcies), but it’s nevertheless amusing to me that a company bearing his name is once again declaring bankruptcy. Trump Entertainment Resorts … Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading

Posted in Chris Christie, Economy | Tagged , , , | Leave a comment

The Wealth Gap Widens and Paul Ryan Says Cut Taxes

The US Census Bureau published a report today that, not surprisingly, shows that the wealth gap continues to widen. More significantly, it shows that the wealth gap is growing even among individual demographic groups while it also widens between different … 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, Taxes | Tagged , | 4 Comments

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