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Economic Recovery

Obama's Proposed "Small Business" Initiative Lacks Audacity (and Focus)

Chris Rabb | Posted 05.25.2011 | Business
Chris Rabb

The proposal that the government invest in "small businesses" is misguided. It is firms that are over 25 years old -- not start-ups -- that have historically created the most net jobs.

How Democrats Pulled the U.S. Economy Back from the Brink

Sen. Byron Dorgan | Posted 05.25.2011 | Business
Sen. Byron Dorgan

It's been a tough year, but the investments we made in the economy pulled it back from the brink of disaster. We're not out of the woods yet by a long shot, but there are signs the Bush Recession may now be ending.

A Solution-Based SOTU Reaction

Kristen Psaki | Posted 05.25.2011 | Green
Kristen Psaki

While inefficient homes contribute over 20 percent of the nation's carbon pollution, less than 5 percent of these 130 million homes have undergone an energy efficient retrofit, or weatherization.

'Rediscovering Values': A Book I Didn't Expect to Write

Jim Wallis | Posted 05.25.2011 | Books
Jim Wallis

How will this economic crisis change us? Could there be good news in, through, and even because of this Great Recession? What is our role in creating a moral recovery?

What Obama Really Said: An A-to-Z Guide for Dummies

Richard M. Benjamin | Posted 05.25.2011 | Politics
Richard M. Benjamin

For those unable to grasp -- never mind appreciate -- the President's address in all its nimble luster, here is a lexicographer's guide.

Cities Running on Fumes: Where Was the Fuel in the SOTU?

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

In his State of the Union address, President Obama missed an opportunity to explain how his plans for economic growth, job creation, and the middle class can truly succeed. We need spending, not cuts.

The Politics of Unemployment

Paul A. London | Posted 05.25.2011 | Politics
Paul A. London

If politicians succumb to pressure to reduce spending quickly, there is no way to get people back to work. Somebody has to spend money, but who will do it if not the government?

Verizon Layoffs: Company Plans To Shed 10,000 Jobs to Cut More Than 10,000 Jobs After Sales Miss Estimates | Amy Thomson | Posted 05.25.2011 | Business

Jan. 26 (Bloomberg) -- Verizon Communications Inc., the second-largest U.S. phone company, plans to cut more than 10,000 jobs at its fixed-line unit t...

Economic Indicators: Economists Name The Most Useless Economic Data | Justin Fox | Posted 05.25.2011 | Business

My column this week is about economic data, and the ways in which it can mislead (or at least send us into unnecessary tizzies)....

The Next Financial Crisis Has a Name and it's the United Kingdom

Jim Jubak | Posted 05.25.2011 | Business
Jim Jubak

Despite huge bailouts and stimulus spending, it looks like it will be the last developed economy to return to economic growth.

One Step Backwards?

James Berman | Posted 05.25.2011 | Business
James Berman

Rallies cannot continue forever unchecked. Though recovery rallies tend to last a year or two, at some point they falter into one large step backwards, usually half as ugly as the prior decline.

Re Brown's Victory, Message to Obama: Making Nice Doesn't Work, Time to Play Hardball!

Michael Russnow | Posted 05.25.2011 | Politics
Michael Russnow

We have a president who understands the politics of campaigning but not the politics of governing.

What Would George W. Bush's "Motivational Speaker" Salespitch Look Like?

Andy Ostroy | Posted 05.25.2011 | Politics
Andy Ostroy

The older and wiser I get the more I realize that anything in this world is possible. Anything. So it's no surprise that former President George W. Bu...

Strengthening The Levees Against Unemployment And Rising Debt

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

Government must manage the federal budget in the same way that you manage your household budget. But in truth, the president must do the opposite.

Does Citigroup Need China?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The decision by China to stop buying U.S. government debt may not harm the economy's recovery, but it could be devastating to the recovery efforts at Citigroup.

The Teepee Shaped Recovery

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

The upcoming economic downfall will surprise most investors who have been tricked into believing that a government can print and spend their way into prosperity.

FDR Would Not Accept a 'Jobless Recovery'

David Woolner | Posted 05.25.2011 | Business
David Woolner

For FDR's administration, the notion of a "jobless recovery" would have been an anathema.

Economic Reform is Overdue

Mary Shannon Little | Posted 05.25.2011 | Business
Mary Shannon Little

One would hope Congress would have approached Wall Street reform with the same gusto they have brought to debating a public option in health care. It's time to tackle the thorny issues that brought us to this point.

No Virgina, the Economic Stats Aren't Manipulated

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business

One of the greatest themes around the economic blogsphere is the government is manipulating the numbers to make things look better than they are. However, this is an easily debunked claim.

Meaningless Fervor Over China's Exchange Rate Policy

Eric C. Anderson | Posted 05.25.2011 | Business
Eric C. Anderson

According to some pundits, Beijing's fixed exchange rate explains our trade imbalance with China and a end to this practice will aid the revival of manufacturing in America. Phooey.

Shahien Nasiripour

Biden Blasts "Cowboys on Wall Street" | Shahien Nasiripour | Posted 05.25.2011 | Business

Vice President Joe Biden blasted the "cowboys on Wall Street" Monday, squarely placing blame on the nation's financial center for "an economy built on...

The Recovery: Can You Feel It Yet?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

We all know that the economy is recovering. The stock market is up by more than 50 percent from its March lows and banks are reporting strong profits. Everything is bright and sunny again, unless you have to work for a living.

Faux Stimulus Is No Stimulus

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

Our politicians are fooling us with legislation that looks like stimulus, but sure doesn't quack like one.

It's the Unemployment, Stupid

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

If unemployment keep rising, the GOP is primed to pick up dozens of seats in the House, crippling the Obama administration's capacity to recoup in a second term.

China Swaps US Debt for Equity: All Problems Solved!

Tom Gregory | Posted 05.25.2011 | Comedy
Tom Gregory

Goldman Sachs has announced that its Treasury Dept. has completed a debt for equity swap with the People's Republic of China, effectively solving most of America's problems.