David Stockman, the conservative economic guru who was an adviser to Ronald Reagan, has taken an severely negative view in his new book 'The Great Deformation.'
Technological innovation has made the US economy more productive, but this new economy creates fewer jobs, and wages are suffering. Preparing workers for an era when productivity and employment are no longer linked will be the grand challenge of the next generation.
Mitt Romney was in damage-control mode Wednesday after the multimillionaire candidate said he's 'not concerned about the very poor.' He said he's concerned about those who are 'struggling.'
The administration itself has abandoned a long-term health-care provision for seniors, and the Supreme Court will decide soon whether to take up the law. Critics see beginning of the end for Obama's health-care reforms.
The first part of an economic development program announced Monday by President Obama would bring $50 billion in infrastructure upgrades, but the term 'stimulus' has become associated with big government spending.
Ending a week dominated by the BP oil spill, President Obama goes to Columbus, Ohio, to defend his $787 stimulus package and tout its jobs-producing effect.