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US Economy


Jim Randel | Posted 05.25.2011 | Business
Jim Randel

In my last post, I whined that no one in government was doing an adequate job of educating the public about the arguments for and against the bailout ...

Obama Votes For Bailout Bill With Language That Could Harm Firms Owned by Women and Minorities

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

No Objection From Obama To Bailout Bill Language That Could Harm Firms Owned By Women and Minorities Senator Barack Obama has voted for the latest Se...

Bailout Plan May Include Anti-Small Business Language

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

The Bush "bailout bill" includes some suspicious language that has small business advocates concerned. The Bush Administration has been persistent in ...

Let's Admit it, the Financial Crisis is Kind of Cool

Billy Kimball | Posted 05.25.2011 | Politics
Billy Kimball

I have to admit that watching the great wheels of the global economy sputter to a halt and then periodically be restarted by the main force of the U.S. government in the past few weeks has been kind of cool.

Now Look What You Made Me Do

Thomas Frank | Posted 05.25.2011 | Business
Thomas Frank

The next battle in the political war is going to be assessing responsibility for the destruction of the financial industry. Conservatives are now counter-attacking, in the way they do so well.

Atlanta is Burning: Where's the Gas?!?

Ben Arnon | Posted 05.25.2011 | Green
Ben Arnon

After listening all weekend to friends' stories about waiting in long lines to fill up their cars, it was finally my time to experience this situation first-hand yesterday.

The Scum Also Rises

Stuart Steinberg | Posted 05.25.2011 | Home
Stuart Steinberg

Instead of taking my money and giving it to some of the worst slime on the planet, they should use it to guarantee the retirement plans and pensions of working people. These corporate slugs do not deserve a single penny of our tax dollars.

The Evil of Banks

Jon Raymond | Posted 05.25.2011 | Home
Jon Raymond

Banks operate on the premise that everyone has money in their accounts, so a few little fee deductions here and there won't matter. They can't fathom the concept that some poor guy might be down to his last ten dollars before next week's paycheck and that ten dollars might be the difference between buying food to survive for another week, or not.

McCain Acts Like A Tough-Guy; We Need A Gentleman

Jon Raymond | Posted 05.25.2011 | Home
Jon Raymond

On his campaign time-out, McCain flew into Washington like Superman and saved the day; not only was he proclaimed debate winner by his campaign hours before the debate had started, but he's also been declared our country's savior by House Republicans for single-handedly steering us to a great bailout plan. McCain is truly a god.

Bush's Laundry List

Jamal Dajani | Posted 05.25.2011 | Politics
Jamal Dajani

In January, Obama or McCain will inherit a bankrupt treasury and trillions of dollars of debt. But just as troubling is Bush's laundry list of Middle East issues that remain a threat to U.S. national security.

Women May Be Most Affected By Economic Crisis And Election

Susan Kelley-Stamerra | Posted 05.25.2011 | Home
Susan Kelley-Stamerra

If women aren't looked after in this election, in this economic environment, the losses will be substantial and lasting.

Hey McCain, the Rest of Us Are Still Showing Up For Work

Brett Ashley McKenzie | Posted 05.25.2011 | Politics
Brett Ashley McKenzie

McCain made an agreement to show up at this debate, and he can't even honor that.

Socializing Risk, Privatizing Profit

David Feige | Posted 05.25.2011 | Business
David Feige

It may sound un-American to make the rich give back their ill-gotten gains, but in the criminal justice system there's a term for it: restitution.

$1 Trillion Bailout and The Medal of Freedom

Michael B. Laskoff | Posted 05.25.2011 | Business
Michael B. Laskoff

It's important not to be imbibing the proverbial Kool-Aid when digesting the edge of The Great Depression, Part II.

O'Neill: Bush Doesn't Understand Crisis, 'It Shows'

ABC News | Posted 05.25.2011 | Politics

Former Treasury Secretary Paul O'Neill said today that our nation's leaders -- especially President Bush -- are "in a panic" and haven't thought throu...

Days Of Dancing For Dollars Long Gone

Jeff Chang | Posted 05.25.2011 | Politics
Jeff Chang

In the Bronx in the '70s, slumlords bought up apartment buildings, then hired arsonists to burn them down so that they could pocket the insurance money. Who was left homeless? As with this bailout, not the slumlords.

Jack Welch: US Faces "Deep Downturn"

Reuters | Nick Zieminski | Posted 05.25.2011 | Business

Former General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) Chairman and Chief Executive Officer Jack Welch said the U.S. economy faces a ...

What Bush Won't Tell You

Jamal Dajani | Posted 05.25.2011 | Business
Jamal Dajani

$700 billion is not going to be enough according to many experts. Tonight Bush will not tell the U.S. taxpayer that America is also drowning in debt to countries such as China.

5 Steps To Managing Meltdown Mania

Dr. Judith Rich | Posted 11.17.2011 | Healthy Living
Dr. Judith Rich

For several weeks now, we've been discussing How To Stay on Course During Turbulent Times. We started this conversation before the current meltdown ma...

Automated Data Feeds Make Smart Regulation Possible Now

W. David Stephenson | Posted 05.25.2011 | Business
W. David Stephenson

What we need isn't more regulation of banking and business in general, but "smart" regulation.

"Too Big to Fail" Vs. "Too Big to Be Responsible"

Ryan Mack | Posted 05.25.2011 | Business
Ryan Mack

I believe in the free market economy, but once an entity becomes "too big to fail" it introduces the possibility that government intervention is a justifiable remedy.

Paulson's Plan -- Annotated

Howard Schweber | Posted 05.25.2011 | Business
Howard Schweber

LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS Section 1. Short Title. This Act may be cited as __________________...

FactCheck.Org Skewers McCain Again for Misrepresenting Obama Tax Positions

Stephen C. Rose | Posted 05.25.2011 | Home
Stephen C. Rose

By Stephen C. Rose When John McCain is confronted on his lies and distortions, his mumbled code word is "business" -- Corleone-like, head lowered. ...

Will Fed's Massive Cash Injection Save World? Unlikely

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

With banks still focused mostly on saving themselves, moreover, credit will still be scarce, which will make it harder for consumers to get loans and provide another reason to cut back.

"Reverse Reaganomics:" Trickle Down Effect Means a Sustained Recession

Jack Myers | Posted 05.25.2011 | Business
Jack Myers

We are facing a decade of Reverse Reaganomics, a decade when the economic health of the nation and the media industry will suffer from the trickle dow...