Trump’s Perfect Storm that Could Sink the American Economy
Donald Trump has steered the American economy into a perfect storm. In the book, film, and now in real life, a rare combination of destructive forces comes together and magnifies the damage. This storm could break the U.S. economy. Trump’s tariffs are the most destructive force. Their first-order damages begin by arbitrarily driving up the prices of every product and… Continue reading
A Better Way to Avoid the Fiscal Cliff on Taxes,…
With the fiscal cliff now in sight, the nation?¢‚Ǩ‚Ñ¢s pundits are breathing as heavily as they collectively can over the prospect of political warfare over the Bush tax cuts.?Ǭ† Yet, a compromise between President Obama and congressional Republicans over taxes for the top 2 percent is already clear.?Ǭ† We extend the Bush tax rates but also cap the value of…Continue reading
What Actually Happened to the Earnings of Working Americans, and…
The disappointment and anger many Americans feel about their economic lot has held center stage in this year?¢‚Ǩ‚Ñ¢s elections.?Ǭ† Mitt Romney, of course, blames President Obama.?Ǭ† New Census Bureau data, however, tell a different story.?Ǭ† The economic problems facing working Americans did not begin with the current slow recovery or even with the financial crisis of 2008-2009 and the subsequent…Continue reading
What Actually Happened to the Earnings of Working Americans, and…
The disappointment and anger many Americans feel about their economic lot has held center stage in this year?¢‚Ǩ‚Ñ¢s elections.?Ǭ† Mitt Romney, of course, blames President Obama.?Ǭ† New Census Bureau data, however, tell a different story.?Ǭ† The economic problems facing working Americans did not begin with the current slow recovery or even with the financial crisis of 2008-2009 and the subsequent…Continue reading
What Actually Happened to the Earnings of Working Americans, and…
The disappointment and anger many Americans feel about their economic lot has held center stage in this year?¢‚Ǩ‚Ñ¢s elections.?Ǭ† Mitt Romney, of course, blames President Obama.?Ǭ† New Census Bureau data, however, tell a different story.?Ǭ† The economic problems facing working Americans did not begin with the current slow recovery or even with the financial crisis of 2008-2009 and the subsequent…Continue reading
What Actually Happened to the Earnings of Working Americans, and…
The disappointment and anger many Americans feel about their economic lot has held center stage in this year?¢‚Ǩ‚Ñ¢s elections.?Ǭ† Mitt Romney, of course, blames President Obama.?Ǭ† New Census Bureau data, however, tell a different story.?Ǭ† The economic problems facing working Americans did not begin with the current slow recovery or even with the financial crisis of 2008-2009 and the subsequent…Continue reading
A Better Way to Avoid the Fiscal Cliff on Taxes,…
With the fiscal cliff now in sight, the nation?¢‚Ǩ‚Ñ¢s pundits are breathing as heavily as they collectively can over the prospect of political warfare over the Bush tax cuts.?Ǭ† Yet, a compromise between President Obama and congressional Republicans over taxes for the top 2 percent is already clear.?Ǭ† We extend the Bush tax rates but also cap the value of…Continue reading
The Good News in Today’s Jobs Report is Better than…
This morning's employment report makes the President's case that the economy is not only strengthening, but has been for some months now. The unemployment rate fell to 7.8 percent; and this time, it was not because more people dropped out of the labor force. The number of discouraged workers or people "marginally attached" to the labor force actually declined. Rather,…Continue reading
Romney No Longer Has a Tax Plan
The press may not yet realize it, but last night's debate actually made a little news: Mitt Romney no longer has a tax plan. For more than a year, he has promised to cut all tax rates by 20 percent. When the President noted that the non-partisan Tax Policy Center has calculated that such rate cuts would cost $4.9 trillion…Continue reading