"If all economists were laid end to end, they would not reach a conclusion" -- George Bernard Shaw Disagreements among the cadre of economists critical of the Obama administration's economic strategies have made it difficult to assess the viability of the recent bank-bailout proposals announced by the President and Treasury...
The decision by the Bush and Obama administrations to use taxpayer money to prop up troubled financial institutions has produced a growing populist outcry that threatens to undermine the administration's ability to win Congressional approval for future legislation to counter the recession, and/or to win approval for the record-setting...
Decisions made during the final months of the Bush administration created an environment in which the most politically connected investment banks, Goldman Sachs and Morgan Stanley, not only flourished, but saw their competitors laid waste, with firms like Lehman in bankruptcy, and others, like Merrill Lynch and Bank of America,...
In the face of a recession that has destroyed billions in family savings and home values, Americans remain convinced that personal initiative and hard work are the key to big rewards, and they continue to repudiate the idea of government intervention to alleviate economic inequality, according to two Pew-sponsored reports....
The news is brutal for Washington, D.C. associations which represent - and advocate for the interests of -- the nation's major industries. The National Association of Manufacturers (NAM) and the Pharmaceutical Research and Manufacturers of America (PhARMA) have not only cancelled their annual meetings, but have laid off staff...
Democratic incumbents face the most threatening political environment since the Republican landslide of 1994 -- and they know it. The trends are all moving in the wrong direction. Voters are shifting to the right; white antipathy to the President has intensified; the popular consensus backing Obama and his agenda has...
