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…
Posts tagged as “recession”
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…
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…
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…
Mark Thoma cites two articles explaining that we've lost jobs because the federal government has failed to offset state and local austerity. First, economists Bivens and Shierholz note that we have 1.1 million fewer government jobs now than we would…
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…
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…