economic

Why Organize? Problems and Promise in the Inner City by Barack Obama

Why Organize? Problems and Promise in the Inner City by Barack Obama

WHY ORGANIZE? Problems and promise in the inner city by Barack Obama Over the past five years, I’ve often had a difficult time explaining my profession to folks. Typical is a remark a public school administrative aide made to me one bleak January morning, while I waited to deliver some flyers to a group of confused and angry parents who had discovered the presence of asbestos in their school. “Listen, […]

White House Statement on May Unemployment

White House Statement on May Unemployment

Statement on the Employment Situation in May    WASHINGTON, DC – Alan B. Krueger, Chairman of the Council of Economic Advisers, issued the following statement today on the employment situation in May. You can view the statement HERE.     The Employment Situation in May Posted by Alan B. Krueger on June 1, 2012 at 9:34AM EDT   Problems in the job market were long in the making and will not be solved […]

Bad news for Obama – The Cook Report

Bad news for Obama – The Cook Report

By Charlie Cook Regular readers of this column know that in analyzing the 2012 presidential race, I have been preoccupied—some would say obsessed—with the state and direction of the U.S. economy. Presidential elections have many moving parts and can turn on many things, but rarely is a single factor more important than the economy when an incumbent is up for reelection. The latest NBC News/Wall Street Journal poll, conducted among […]

If the United States were a stock, America, Inc would have a 44 Trillion Negative Net Worth

If the United States were a stock, America, Inc would have a 44 Trillion Negative Net Worth

Mary Meeker has created quite a buzz with her cover story this week in Bloomberg Businessweek.  It is based on her analysis of the U.S. as if it were a corporation.  Her assessment? The bottom line on USA Inc.? Cash flow and net worth are negative, profits are rare, and off-balance-sheet liabilities are enormous. The “company” has underinvested in productive capital, education, and technology–the very tools needed to compete in […]

Government sees Healthcare benefits swamping economy

Government sees Healthcare benefits swamping economy

Government sees Healthcare benefits swamping economy The United States will find little relief from its bleak long-term fiscal outlook so long as growing federal healthcare and retirement programs gobble up more and more of the country’s resources, said a new economic report issued on Wednesday. The findings by the non-partisan Congressional Budget Office came as the Obama administration and Congress were struggling to find ways to make ends meet amid […]