Economy On the Economy
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Unemployed people per job opening drops
The number of unemployed people available per open job used to be seven; now it's around four.
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Good housing legislation could save the economy
Housing is the one area of policy with the greatest potential to actually move the needle on the economy
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Fourth-quarter GDP figures good, not great
The growth rate was 2.8 percent, slightly below expectations but an okay boost nevertheless.
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15 percent or not, tax policy favors the rich
Mitt Romney hasn't done anything wrong in paying a low tax rate. What’s wrong is the tax system itself—by favoring investment income, the excessive use of pass-throughs, and subsidizing debt financing.
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Obama's SOTU was specific, forceful
Obama's SOTU speech called for lawmakers to “build on the momentum we’ve got right now" by creating incentives for manufacturers, skills for workers, jobs in fossil fuel extraction and clean energy innovation, all financed by a fairer tax code.
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How much will Romney really slash the budget?
Mitt Romney is proposing deep spending cuts that would cap federal spending at 20 percent GDP. That means slashing Social Security benefits and pushing 2.6 million additional Americans into poverty.
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The economy is improving whether conservatives like it or not
Conservatives who would like to bash Obama on the economy are having an awfully hard time right now, as the recovery proceeds apace.
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Ben Bernanke shows his mettle, again
In recent remarks, Ben Bernanke showed that he’s not at all swept up in optimism about recent improvements—he’s particularly on point regarding continued weaknesses in the job market—and he clearly cites all the reasons to keep pressing on monetary stimulus.
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It's time to raise minimum wage again
If the national minimum wage isn't raised again soon, it will only increase the growing problem of wage inequality.
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If the deficit goes down too fast, unemployment goes up
If the Bush tax cuts expire on schedule, the drag to the still-too-weak economy from the reduction in after-tax income would mean less buying power for a lot of families and that would send the unemployment rate back up past 9 percent.
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What Mitt Romney's 'poor' gaffe really means
What Romney seems to have meant is that he believes the least-well-off are amply provided for by the safety net. Too bad he wants to shred it.
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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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Local budget cuts drag down the entire economy
Instead of raising taxes, cities and states are balancing their budgets by laying off teachers, cops, maintenance workers. The loss of state and local jobs slows fiscal growth for everyone.
Photos of the Week 08/20 Photos of the week
A staff member puts contact gel on the cap of a competitor during a Brain-Computer Interface controlled robot contest at the World Robot Conference in Beijing on Aug. 17.
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Rick vs. Newt: The debate factor
Rick Perry's candidacy failed almost entirely on the weakness of his debate performances, while Newt Gingrich's is thriving on the strength of his. One problem: a good debater doesn't necessarily make a good president.
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Why Romney can pay a 15 percent tax rate
Romney's 15 percent is the going rate on capital gains and dividends, which is where he gets the bulk of his income (along with many others in the top income brackets).
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Obama tried to help the budget supercommitte. Really.
In September, the president proposed a budget to the supercommittee that included budget cuts meant to please Republicans. Yet some say he failed to "reach across the aisle."
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Why Obama doesn't get enough credit
Why hasn’t the president gotten more credit for what history may ultimately judge as a record of remarkable accomplishments?
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What does it mean when Romney says, 'I understand the economy'?
In today’s America, the president needs to understand the economy measured by middle-class incomes, paychecks, the quantity and quality of jobs, rates of poverty, and income gaps. Romney understand the economy of Wall St., not Main St.
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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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Mitt Romney needs to get his facts straight
Mitt Romney asserted that federal low-income programs are administered so inefficiently that “very little of the money that’s actually needed by those that really need help, those that can’t care for themselves, actually reaches them.” But administrative costs only count for between 1 and 10 percent of these programs' spending.
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Why 'trickle down' economics don't work
Supply side economic practice deepens the deficit and worsens inequality
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Why we need business people in politics
Business skills might not necessarily fit with government policy, but business people are good for one thing–dealing with other business people
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Avoiding fiscal drag
There are several risk factors for the economy this year, but fiscal drag is one that we can avoid with smart policy
