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Entries by Robert Kuttner from 08/2011

What's Been Missed in the Analysis of the Grand Deal

| Posted 08.02.2011 | Business
Read More: Gdp Growth, Budget Deal, Debt Ceiling, Obama Debt Ceiling, Debt Ceiling Deal, Business News

The GDP assumptions -- on which the deficit deal is based -- are grossly inflated. Growth slowed to 1.8 percent in the first quarter and 1.3 percent in the second quarter, and it heading toward zero. CBO had predicted 3.1 percent growth for the year.

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Triple-A Idiots

| Posted 08.07.2011 | Politics
Read More: Credit Rating Agencies, Standard & Poor's, Debt Crisis, Dodd-Frank, U.S. Credit Rating, AAA Rating, Politics News

You have to hand it to Standard & Poor's. Forget their two-trillion dollar math error. The whole idea that these people are evaluating the creditworthiness of the United States is just loony.

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Looking for Some Good News

| Posted 08.14.2011 | Politics
Read More: Elections 2012, Obama Administration, Bill Daley, Debt Limit, Debt Ceiling, Barack Obama, Tea Party, David Plouffe, Politics News

With so many far-right Republicans having picked up House seats in the 2010 midterm, the election of 2012 could be a good year for a Democratic comeback. Good news, right?

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It's Not A Great Recession

| Posted 08.28.2011 | Business
Read More: US Economy, Third Would America, Dodd-Frank, Great Recession, Ben Bernanke, Barack Obama, Recession, Business News

With unemployment rising, growth slowing, housing prices continuing to fall, and government dithering, it's time to retire the term "The Great Recession" as entirely inadequate and misleading.

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