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Posts tagged as “recession”

Obama Beating Bush on Post-Recession Jobs Recovery

Kevin Drum produces a remarkable chart that shows President Barack Obama's clear superiority to his predecessor in helping the economy recover from recession: Count private employment as a percentage of the labor force, and you see that in five and…

Worthing Housing Study: Recession Shut Down Housing Growth

A Facebook friend points out that Worthing has published its new housing study. I can't help replying, "Worthing has houses?" Heck yeah, more than 300! Twenty of them sold last year for a median price of $130K; none sold for…

Lack of TARP for Households “Primary Cause” of Slow Economic Recovery

Speaking of favors for Big Money, economist Mark Thoma points out how America's preference for corporate welfare left us with lingering recession hangover. Thoma explains that the 2008 recession was a "balance-sheet recession." The housing bubble popped, the financial sector…

Obama Beats Bushes on Private-Sector Job Growth; Public Sector Shrinks

Calculated Risk offers two instructive charts on private-sector and public-sector job growth under the last five presidents. First, the private sector: So far, the economy has created more private-sector jobs under President Barack Obama (dark blue line) than it did…

Finance Prof Finds Six Conservative Economic Arguments Mostly Wrong

If you're feeling economical this fine summer morning, read finance professor Noah Smith's evaluation of six major conservative arguments about the 2007–2009 recession and the recovery. Smith finds all six mostly wrong: Fannie, Freddie, and the Community Reinvestment Act caused…

Newquist, Steinbeck, Despair, and Common American Identity

In his usual (and in my book, admirable) sprawling fashion, the good Dr. Newquist reads in the two recent suicides by cop here in the Black Hills a snapshot of America's perilous moral state as the plutocracy rises, the serf…

State Budget Cuts Sandbag Economy… But SD Has Biggest Reserves!

The Center on Budget and Policy Priorities finds state budget cuts doing unnecessary harm to education, health care, and the economy. (I will be trying to boost my personal economy by seeking trademark on the term "Daugaard recession.") Out of…