Over at The Washington Monthly, there’s a new hypothesis in town. Steven Benen thinks the Republican Party is working hard to ensure that joblessness remains high and that the economy doesn’t recover. It is because this would be their certain path back to power. Evidently there are other liberal/progressive columnists that are floating around the [...]
Archive for the ‘U.S. Economy’ Category
An act of Economic Sabotage
Posted: November 20, 2010 by dakinikat in The Bonus Class, The Great Recession, The Media SUCKS, U.S. Economy, Voter IgnoranceTags: Republican Party
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Inflation: Not a Problem
Posted: November 18, 2010 by dakinikat in The Media SUCKS, U.S. EconomyTags: inflation, CPI, PPI, PCE, logical fallacies, stupid conservative idealogues
This is one of the posts that I want to use to debunk that stupid cartoon that I keep seeing on Facebook. That cartoon also brought on many comments that come under the classification of ‘fallacy’. A fallacy is a type of error in reasoning. I have to identify the common ones we see when [...]
Home, Lost Home
Posted: November 16, 2010 by dakinikat in Bailout Blues, Equity Markets, Global Financial Crisis, U.S. EconomyTags: bad lending practices, Bank of America, Foreclosure Crisis, Mortgage Loans, Subprime mortgages, truth in lending
The Senate Banking Committee is looking into allegations today about Bank of America’s Foreclosure process. As you may know, there have been problems with foreclosure documents that have led many to question the legality of many foreclosure actions by banks. At least seven banking officers will appear before the committee to argue the case that [...]
Let’s Make a Deal (or not)
Posted: November 12, 2010 by dakinikat in U.S. Economy, Team Obama, Global Financial Crisis, Bailout Blues, Economic DevelpmentTags: Goolsbee, currency wars, US South Korea Trade Agreement, G20 accords
The U.S. and South Korea have failed to reach an agreement in a trade deal that would have boosted U.S. agriculture exports. The deal would’ve included concessions to South Korea on automobiles and that was not going over well with domestic automakers like FORD and their related labor unions. As with all trade arrangements, there [...]
The Cat Food Commission Weighs In
Posted: November 10, 2010 by dakinikat in Team Obama, U.S. EconomyI’m going to read more about this in the next few days and I’ll write what I can glean from it when I do. Both of my daughters are visiting today so I’m not able to sit down and look things over. Just wanted to pass on some links and comments coming from the President’s [...]
Currency Considerations
Posted: November 9, 2010 by dakinikat in U.S. Economy, Global Financial Crisis, Economic DevelpmentTags: currency wars, G20 meetings, Gold Appreciation, Strong Dollar, Weak Dollar
Here’s a few links to help you follow the currency crisis as the world’s finance ministers move from APEC meetings to the G20 meeting. EconBrowser has a very distinguished economist blogging there with some interesting points on East Asian Exchange Rates and China. Willem Thorbecke is an important researcher in the area so this is [...]
Many economists are still forecasting a rather bleak jobless recovery in our future. The latest outlook from Macroadvisors (h/t to Mark Thoma & Economist’s View) suggests that we won’t see substantial job creation until the end of 2013. This would be a full four years after the technical end of the recession. That’s not good. [...]
It’s still the Economy Stupid! (version 9.999999999)
Posted: July 30, 2010 by dakinikat in Global Financial Crisis, U.S. EconomyChatting up the ladies of The View is not going to get the majority of people’s minds off the worsening economy. The recovery is definitely slowing down and there are signs in the latest national product and income reports that are very disturbing to us necromancers of macroeconomics. The persistently high unemployment rate is taking [...]
We come now to bury Supply Side Economics
Posted: July 25, 2010 by dakinikat in Team Obama, The Bonus Class, The Great Recession, The Media SUCKS, U.S. Economy, Voter IgnoranceTags: voodoo economics, why things were so good during the Clinton years
I’ve been having a major hissy fit about the extraordinary bad policy measures proposed and undertaken by Republicans for sustaining tax cuts and deficits for as long as I can remember. The deal is, however, nobody likes it when you tell them they can’t have a free lunch when Ronnie Raygun repeated it ad infinitum. [...]
