Economy

September Jobs Report: Eh
October 07, 2011

[Guest post by Matt O'Brien] It is better than zero. That is about the best that can be said about the September jobs report, on the heels of last month's numbers that showed precisely zero jobs added in August.

Obama's Wacky, Possibly Immoral, Possibly Brilliant Jobs Proposal
September 14, 2011

[Guest post by Matt O'Brien] Last week, as the Obama administration rolled out its American Jobs Act, a liberal group called the Progressive Change Campaign Committee launched a strange ad campaign of its own: “[Obama economic advisor] Jason Furman wants you to work for free,” the ads blasted.

No, Payroll Tax Cuts Won’t Create Immediate Stimulus. That’s Exactly Why We Need It.
September 12, 2011

The centerpiece of the jobs plan unveiled by President Obama Thursday night—the extension and expansion of payroll tax cuts to employees totaling $175 billion—has turned out to be among its most controversial aspects. Indeed, policymakers and commentators from across the political spectrum have argued that its stimulative effects could be negligible.

Why Are the Children of the ‘Greatest Generation’ So Selfish?
September 05, 2011

In his book The Greatest Generation, Tom Brokaw paid homage to the generation that emerged from the Great Depression to fight Hitler and other forms of tyranny. Their efforts were all about sacrifice so that their children could enjoy a better life.

If Congress Won’t Help, What Else Can the Fed Do to Boost the Economy?
September 02, 2011

With Congressional Republicans blocking any further fiscal stimulus, it falls on the Federal Reserve to do what it can to reduce unemployment. Those opposed to the Fed doing so express concern that it would spark inflation. We should be so lucky. A moderate increase in inflation, contrary to the overblown fears of inflation-hawks, would be a boon to the economy.

One Way to Speed the Recovery? Help Households, Not Banks.
August 30, 2011

This article is a contribution to 'Is There Anything That Can Be Done? A TNR Symposium On The Economy.' Click here to read other contributions to the series. As the Great Recession drags on and on, it’s natural to wonder if we will ever get back to normal. Why is the recovery from this recession taking so long? Why was the recovery from other severe recessions, for example the 1982 recession where unemployment reached 10.8 percent, so much faster?

Yes, We Can Do Stimulus Without Adding Debt. Here’s How.
August 29, 2011

This article is a contribution to 'Is There Anything That Can Be Done? A TNR Symposium On The Economy.' Click here to read other contributions to the series. There are two facts about our current economic situation that can no longer be denied: Our economy is in desperate need of government stimulus, and our political system won’t abide any increase in our national deficit. Taken together, the two points seem to bode poorly for the United States. But we shouldn’t be too quick to assume a contradiction.

Let’s Not Draw Broad Conclusions From the Stock Market Turmoil
August 27, 2011

This article is a contribution to 'Is There Anything That Can Be Done? A TNR Symposium On The Economy.' Click here to read other contributions to the series. Most adults know that there is no Santa Claus. They should also know that there was no stock market crash associated with Standard and Poor’s downgrade of U.S. government debt. However, because powerful interests want to spread misinformation about the downgrade, people are likely to be much better informed about Santa Claus.

A Former Clinton Official on How Obama Isn't Doing Enough for the Economy
August 26, 2011

This article is a contribution to 'Is There Anything That Can Be Done? A TNR Symposium On The Economy.' Click here to read other contributions to the series. The persistent sluggishness of the recovery here in the United States and in most of the world’s advanced economies should underscore a stark lesson from economic history: Systemic financial crises are the products of deep economic problems, and they can’t be solved by simply treating the after-effects of slow growth.

Obama’s Got Plenty of Options to Right the Economy—He’s Just Got to Fight for Them
August 24, 2011

This article is a contribution to 'Is There Anything That Can Be Done? A TNR Symposium On The Economy.' Click here to read other contributions to the series. Here’s the policy reality facing the president: The economy is stuck in the mud and the American people are losing faith that policy makers can do anything about it. As long as GDP growth is persistently below trend—trend being around 2.5 percent—the unemployment rate won’t be going anywhere good anytime soon.

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