Browsing articles in "Economy"
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The Year the GOPs Con Game was Exposed

Dec 5, 2012   //   Economy, Featured Story, Politics  //  Comments Off

The GOP’s decision to reinstate tax cut policy in 2001 exposed their hand. It was not about deficit reduction, growing the economy, or job creation. It was about ideology and, no doubt, special interests. It was a backdoor approach where government revenue was cut in an attempt to curtail spending on popular programs they otherwise could not take head-on. This while obstructing the work of Congress, spinning a web of deceit about the benefits of their policy, and weakening our country’s financial standing. It’s time to play hardball during ‘fiscal cliff’ negotiations and force them to be specific about what spending cuts they are talking about to offset the tax benefits they wish to preserve for the wealthiest. They wouldn’t have the nerve.

obama-tampa-billboard

Republican Economic Policy: When Facts No Longer Matter

Nov 3, 2012   //   Box 2, Economy, Politics  //  Comments Off

“…there’s remarkable consensus among mainstream economists, including those from the left and right, on most major macroeconomic issues. The debate in Washington about economic policy is phony. It’s manufactured. And it’s entirely political…and in a particular direction: Angry Republicans have pushed their representatives to adopt positions that are at odds with the best of modern economic thinking. That may be good politics, but it’s terrible policy.” Betsy Stevenson and Justin Wolfers

jobcreation

Job Creation and Our Diminished Economic Engine: The Middle Class

Aug 10, 2011   //   Economy  //  2 Comments

Over the past 30 years the vast majority of income gains have gone to the wealthiest in our country. In an economy that is 70% personal consumption, we will continue to experience slow recovery and anemic job growth until we more broadly share prosperity and rebuild the purchasing power of our economic engine, the middle class

supplyside

Supply-Side Failure from Theory, to Outcomes, to Danger of Citizens United Decision

Feb 3, 2011   //   Economy  //  1 Comment

This paper describes the failure of Republican tax cut policy from theory, to actual outcomes, to the danger of the Citizens United Supreme Court decision.

stimulus

Investing in America – We Can’t Afford Not To

Jan 25, 2011   //   Economy  //  Comments Off

Considering the state of our education, infrastructure, and technology deployment, it is quite apparent that we have incurred a lot of bad debt over much of the past 30 years. No time like the present for us to make an investment in our country.

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Policy and the Economy: The Good, The Bad, and The Ugly

Oct 25, 2010   //   Economy  //  Comments Off

An evaluation of job creation and GDP growth during 8 complete presidential terms since 1977, 5 Republican and 3 Democratic, show that our country did better under progressive tax rate policies than Republican tax cut policy. Choice of policy this election is not only important to economic growth and job creation, but the radical right’s anger that is finding its way to minorities such as gays, Latinos and Muslims will not likely stop until the economy is on firmer footing.

The Road Out of the Debt Crisis is Apparent

Sep 11, 2010   //   Economy  //  Comments Off

I submitted the following to CNBC’s Squawk Box. I provided two graphs of our national debt over time, one using inflation adjusted dollars and the other with the debt expressed as a fraction of our economy. This presents the road out of the current economic crisis; we need a plan that will grow the economy of our future – we need to be forward looking.

Supply-Side Tax Cut Policies Have Contributed to a Growing Skewed Distribution of Income and Wealth in America

Sep 9, 2010   //   Economy  //  3 Comments

One of the effects of supply-side tax cut policy that is often overlooked is its contribution to a growing skewed distribution of income and wealth favoring the top 1% of [...]

Derailing the Myth that Supply-Side Tax Cut Policies Stimulate Job Growth

Sep 8, 2010   //   Economy  //  Comments Off

Earlier this summer Mark Haynes (Co-Host of CNBC’s Squawk on the Street) took on a guest who claimed that letting the Bush tax cuts expire for the wealthiest of Americans [...]

Stimulus Has Provided Benefit

Sep 7, 2010   //   Economy, Politics  //  Comments Off

Several guests on CNBC’s Squawk Box have made the claim that the stimulus has failed.  I found these remarks to be largely political in nature and some, including Representatives Ryan [...]

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Featured Article


The Year the GOPs Con Game was Exposed

The GOP’s decision to reinstate tax cut policy in 2001 exposed their hand. It was not about deficit reduction, growing the economy, or job creation. It was about ideology and, no doubt, special interests. It was a backdoor approach where government revenue was cut in an attempt to curtail spending on popular programs they otherwise could not take head-on. This while obstructing the work of Congress, spinning a web of deceit about the benefits of their policy, and weakening our country’s financial standing. It’s time to play hardball during ‘fiscal cliff’ negotiations and force them to be specific about what spending cuts they are talking about to offset the tax benefits they wish to preserve for the wealthiest. They wouldn’t have the nerve.