Krugman: The Competition Myth

According to New York Times columnist Paul Krugman, the Great Recession was a teachable moment for Americans to learn that unregulated markets are unstable. That’s not the only thing Krugman would like Americans to learn from the latest recession, but it’s a key point that he feels was missed. Another one is that corporations don’t

Layoffs Fall to Lowest Level in 2 Years. Income Up. Americans Spending Again.

I don’t know if this means the recession is over, but according to recent data, layoffs have fallen to a two-year low, income is up and Americans are spending money. This is good news. “The flurry of U.S. data this morning suggests that households have started to pickup the baton of growth from businesses,” said

Bush Tax Cuts Did Not Spur Growth – Not At All

If you listen politicians, pundits and talking heads, you’d think the greatest thing we can do to jump-start the economy is to cut taxes. But if you actually take a minute and look at the data, you’ll see that is simply not the case. New York Times Economix Blogger David Leonhardt broke down the growth

The Recession is Over but the Jobs are Just Gone – Poof

Here’s a graph by the New York Times of past recessions and employment recovery. If the recession is over, it sure doesn’t feel like it to people who don’t work on Wall Street. This is an example of how the Democrats screwed themselves over by not effectively governing and allowing Republicans to gut their efforts

Rachel Maddow: Government Sheds 200,000 Jobs

Here are two screenshots from Rachel Maddow’s show on Friday highlighting how much the economy sucks. The private sector added jobs, but those gains were swamped by the government shedding jobs.

Mainstream Media Falls in Love With Paul Ryan

The liberal mainstream media has fallen in love again. This time it’s with Wisconsin’s Republican Representative Paul Ryan and his “Roadmap for America’s Future” version 2.0. Everything’s version 2.0 these days, but in Ryan’s case, his roadmap to “solve America’s long-term economic and fiscal crisis” is really more of a 1.1 version. You see Newt

Republicans Wage War on the Unemployed

At least one Republican is campaigning on the promise that if you elect him, he will lay you off. Another Republican, Rep. John Boehner of Ohio, called police, teachers and firefighters “special interests” just looking for another handout from the government. Oh those stinking public servants putting out fires, educating children and fighting crime, they

The Economy Sucks and it’s not Going to Get Better

It’s time for some tough love folks. The sad fact is that the economy sucks and there’s nothing we can do about it within the confines of our current political system – it’s rigged. Unemployment will continue to hover around 10 percent for years, with real unemployment at closer to 20 percent. Wages will continue

This American Life: Inside Job with Ira Glass

For seven months a team of investigative journalists from ProPublica looked into a story for us, the inside story of one company that made hundreds of millions of dollars for itself while worsening the financial crisis for the rest of us. It includes our original Broadway song “Bet Against the American Dream.”

Krugman: Looters in Loafers

The main moral you should draw from the charges against Goldman, though, doesn’t involve the fine print of reform; it involves the urgent need to change Wall Street. Listening to financial-industry lobbyists and the Republican politicians who have been huddling with them, you’d think that everything will be fine as long as the federal government promises not to do any more bailouts. But that’s totally wrong — and not just because no such promise would be credible.

Paul Krugman: Financial Reform 101

Regulating the health insurance was a big effing deal, but reigning in the the banks is arguably far more critical to US economic stability. As usual, Economist Paul Krugman is your guide to all things economic, and today he broke down financial reform in simple and easy to understand terms. There are three groups of

So Long Reaganomics, You Won’t Be Missed

I know many Americans hate progress, change, liberals, equality and workers, but it still surprises me when I see so many regular folks fight so hard to protect wealthy executives and corporations.

I wonder if CEOs for big pharma and health insurance companies sit around drinking scotch and laughing their asses off watching YouTube videos of all the boobs rallying to protect their positions of power.

Sarah Palin: Stimulus Bill Anniversary Proves Not-So-Stimulating

Here is Sarah Palin’s Facebook posting made on Feb. 17, 2010. In an effort to maintain the public record, Palin’s entire message is published here. It was downloaded from Palin’s Facebook page on Feb. 17, 2010 at 11:04 a.m. Eastern. Stimulus Bill Anniversary Proves Not-So-Stimulating Feb. 17, 2010 at 7:04am One year ago today, President

President Obama Weekly Address Feb. 13, 2010

Here’s the transcript and video of President Obama’s Weekly Address. The topics are the economy, the difficulty of bipartisanship in an increasingly partisan Washington and the “pay as you go” rule Obama signed into law last night. The transcript was provided by the White House and downloaded from on Feb. 13, 2010 at approximately 10:15 a.m. Eastern.

President Obama News Conference Feb. 9, 2010

President Obama held a news conference following a bipartisan meeting with House and Senate Republicans and Democrats. Here is the full transcript and complete video of the news conference. The transcript was provided by the White House and downloaded from on Feb. 10, 2010 at approximately 10:00 a.m.

White House Geeks Answer YouTube Questions

Despite the technical glitches, White House staff answers some pretty good questions about everything from No Child Left Behind, Iran sanctions, felon voting rights, Afghanistan, carbon taxing, the bank bailouts and more.

Unemployment Under Bush Versus Obama Administration

While data and statistics don’t tell the whole story about our flailing economy and unemployment, but this chart created on Feb. 5, 2010 by the Bureau of Labor Statistics is pretty cool. Jobs are being created, even if slower than we’d like.