Topic: White House Council of Economic Advisers
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Six points where Mitt Romney and his economic advisers are mostly wrong
Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
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Gas prices and five other liabilities for Obama in 2012
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Photos of the Day: Photos of the Day 09/10
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Tax VOX Obama budget: the plan to cap retirement savings benefits
President Obama's 2014 budget would limit tax benefits for workers with high-balance retirement saving accounts. The plan is a smart way to roll back the billions in tax breaks that go to investors who don’t need tax incentives to save for retirement, Harris writes.
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Robert Reich Bungee jumping over the 'fiscal cliff'
Rather than stoking middle-class fears about the 'fiscal cliff,' the White House ought to be reassuring most Americans they can survive the fall, Reich writes.
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Robert Reich Fiscal cliff: Why is the White House helping Republicans?
A new report by the White House's Council of Economic Advisers scares the middle class about the effects of the fiscal cliff, Reich writes.
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Stocks end lower after strong week
Stocks retreated after one of their best weeks of the year. Anxiety over the 'fiscal cliff' and European debt drove stocks down.
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Unemployment rate ticks up: Will it affect the election? (+video)
The October unemployment rate came in at 7.9 percent, up 0.1 points. But job creation was higher than expected. Both campaigns are spinning the numbers furiously.
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Six points where Mitt Romney and his economic advisers are mostly wrong
Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
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Will jobs report give a timely lift to Obama's record on the economy?
At 7.8 percent, the US unemployment rate is now back to the point it was when President Obama took office. But Mitt Romney say it's still not a recovery – and that the real jobless rate is closer to 11 percent.
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Obama renews call for aid to halt teacher layoffs
Tight school budgets have meant fewer teachers, larger classes, and shorter school years, according to a White House report. It gives President Obama a chance to push his jobs plan providing money for states to keep teachers, police officers, and firefighters on the job.
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Economist Mom Mitt Romney's tax plan: close, but not quite
As it stands, Mitt Romney's tax reform proposal is a bad idea. But with a little tweaking, it could work.
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GDP report: how the presidential candidates, lawmakers are seizing on it
The GDP figure of 1.5 percent for the second quarter puts President Obama on the defensive, but Democrats are playing up other findings in the report.
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What does it mean to be 'middle class?'
President Obama and Mitt Romney have different definitions on what it means to be middle class. What does the term really mean?
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Donald Marron How behavioral science can improve tax policy
Tax policy is ultimately about changing the way people behave. And to do that, you need to understand more than just economics. It's not enough to limit the "tyranny of lawyers." Effective reform requires to cooperation of both lawyers and economists.
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US adds 80,000 jobs in June, as growth remains sluggish
Job creation in June was affected by the financial crisis in Europe, uncertainty about the future of health-care reform, and even the heat. A rare bright spot? Hiring of temp workers is up.
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Obama 2012: why weak jobs report is especially painful (+video)
The economy rules as President Obama fights for his political life. Voter impressions of where the economy is heading will soon lock in, meaning he can ill afford the unemployment uptick to 8.2 percent.
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Poor unemployment report points to troubled US economy
The US added 69,000 jobs in May, the Labor Department reported Friday – the third straight month of disappointing jobs numbers. The unemployment rate edged higher, to 8.2 percent.
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Robert Reich Mitt Romney's skewed praise of Bill Clinton
Mitt Romney has been praising Bill Clinton even as he heaps scorn on Obama, trying to associate himself with someone more popular and court the white male vote. It might backfire.
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With meager jobs growth, 'time running out' for Obama (+video)
The 2012 presidential election may hang on voters' perceptions about the economy, and Friday's report that just 115,000 jobs were created in April won't do much to help Obama. What's the outlook for the months ahead?
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GDP report puts Obama in economic 'gray zone.' Will Republicans profit?
GDP increased at a 2.2 percent annual rate in the first quarter, Commerce Department said Friday. That's below economists' expectations. The news gives Republicans ammunition against Obama.
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What the 'Buffett rule' reveals about Obama tax reform plans
President Obama is pushing Tuesday for the so-called Buffett rule – a proposal to ensure that millionaires pay a higher rate on federal income taxes than the middle class. He and Democrats see it as a guarantee that the rich will pay more, even if Congress again extends the Bush tax cuts.
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Economy adds 120,000 jobs. Why the dip from bigger gains in early 2012? (+video)
The unemployment rate fell from 8.3 percent to 8.2 percent in March. Economists had been expecting higher numbers of new jobs.
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On the Economy The problem with the 'trickle down' theory
The trickle-down, de-regulatory agenda presumes that the growth chain starts at the top of the wealth scale and “trickles down” to those at the middle and the bottom of that scale. Problem is, that’s not how it works
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Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of the Right
How we got to this grim pass in our political and economic system
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On the Economy Income inequality: It's a problem. Here's why.
Income inequality is strongly correlated with the inability of the next generation to achieve the American Dream. The more income inequality, the fewer people can achieve the 'Dream.'
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Unemployment rate falls. Job gains ease fears of new recession.
The unemployment rate fell to 8.6 percent last month, down from 9 percent. It's the latest sign that the US economy is steering clear of a new recession. Still, pitfalls linger.
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Occupy protests spread to US college campuses
As the Occupy Wall Street protests have grown to cities across the United States, they've also taken root at US universities, where students have staged rallies and walk-outs from classes.
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