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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The Link Between Gun Violence, Race and Politics in America versus US Human Rights Obligations

This article explores the interrelationships between gun violence, race and politics in America versus human rights obligations our country assumed following its ratification of the International Convention to End all forms of Racial Discrimination. Our country’s progress under that treaty will be reviewed by the UN’s CERD in August of this year in Geneva, Switzerland. In what was called an act of public shaming by media, in March of this year the UN committee overseeing our country’s obligations under another treaty we have ratified (the International Covenant for Civil and Political Rights) cited numerous human rights abuses by our country – included was rampant gun violence and the proliferation of stand-your-ground laws. An important question becomes why our government is not aggressively intervening to put a halt to the grossly disproportionate loss of life and injury to gun violence in a segment of its own citizenry.


NC Voter ID Law vs Human Rights: Lawmaker Communications Should Be Made Available

Did NC lawmakers knowingly put a law into effect that violates legal obligations the US has accepted under an international treaty to eliminate all forms of racial discrimination? Additionally, the deleterious effects of racial discrimination and political marginalization on longevity, health, and childhood development are well-publicized. Did lawmakers knowingly put a law into effect that could only help to sustain, and even create, conditions that contribute to premature death and a host of serious health problems in African-Americans, including impaired childhood development? With our current knowledge base regarding the millions of lost and damaged lives due to the deleterious effects of racial discrimination, laws like NC’s Voter ID law should be viewed as something far more serious than just an obstruction of a civil right.


Voter ID Law and a Human Rights Atrocity of Unspeakable Proportions

The estimated six year shortfall in life expectancy between African-Americans versus white Americans, largely attributable to disproportionate adverse socio-economic conditions created by over two centuries of racist portrayals and discriminatory legislative/policy actions, results in 240 million lost years when applied to a population of nearly 40 million African-Americans (2010 census). The estimated premature loss of life in just the existing African-American population of today totals into the millions of individuals and is conservatively estimated to easily exceed at least ten percent of that population. In considering the potential cumulative loss of life since the beginning of the 20th century, it becomes apparent that the United States is in the midst of an ongoing and prolonged human rights atrocity of considerable magnitude, in direct contrast to our country’s position of being a standard bearer of human rights in the international community. Recent restrictive Voter ID Laws, such as North Carolina’s, that disproportionately disenfranchises the African-American poor, can only work to maintain the adverse conditions that contribute to premature death in a historically discriminated population. The concerns expressed here extend into other political actions such as gerrymandering along racial lines that effectively reduces African-American representation. Further, these concerns are held to represent serious human rights issues that violate at least three treaties both signed and ratified by the United States.

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.