Economy

Will the Sequester Start Another Recession?
Answers from actual economists from across the political spectrum
February 28, 2013

Answers from actual economists from across the political spectrum.

The Sequester Is Inevitable. Prepare to Suffer.
Historically low discretionary spending will drop even further
February 25, 2013

The automatic spending cuts don't kick in until Friday, but they may already be slowing down the economy.

The One Percent Gobbled Up the Recovery, Too
In fact, it put the 99 percent back in recession
February 12, 2013

The one percent didn’t just gobble up all of the recovery during 2010 and 2011; it put the 99 percent back into recession.

Barack Obama Is Not Pleased
The president on his enemies, the media, and the future of football
January 27, 2013

The president holds forth about his enemies, the media, and the future of football. And skeet shooting, too.

Timothy Geithner on Populism, Paul Ryan, and His Legacy
January 24, 2013

Obama's outgoing Treasury Secretary assesses populism, Paul Ryan, and his work during the financial crisis.

New State Data Show EITC’s Widespread Anti-Poverty Impact
January 11, 2013

'New State Data Show EITC’s Widespread Anti-Poverty Impact' authored by Elizabeth Kneebone and Jane Williams

A Vikram Pandit Reality Check
October 16, 2012

Forgive me if I do not spill a glass of Dom in Vikram Pandit’s memory

Bill Clinton: Not *That* Off-Message
June 06, 2012

Republicans have worked themselves into quite a state of giddiness over comments by Bill Clinton (last night) and Larry Summers (this morning) that seem to favor extending all the Bush tax cuts when they expire on January 1. As Mitch McConnell told reporters today, “Bill Clinton’s remarks, and then Larry Summers remarks—it’s pretty obvious that the economy needs the certainty of the extension of the current tax rates for at least a year.”  Uh, no, it’s not. Even if you take literally Clinton’s and Summers’s imprecise musings, it’s hard to see how you get from their statements to McConnell’s.

The Lousy Jobs Number & Obama's Original Sin
June 01, 2012

Oy. Coming on top of new GDP numbers showing a mere 1.9 percent uptick in the first quarter, today’s jobs report is a real bummer. The headline number speaks for itself—an anemic 69,000 jobs, or about half what economists were expecting (though how they set those expectations remains a bit of a mystery). But the internal numbers were even worse.

Your Tax Dollars At Work, Wall St. Edition
May 31, 2012

When we last left Morgan Stanley, the company was taking all manner of abuse for botching the biggest IPO of the millennium. Alas, that turns out to be the least of its problems. Far more pressing is the fact that Moody’s may be on the verge of massively downgrading Morgan Stanley’s bond rating, which could cost the company billions of dollars (perhaps tens of billions) in collateral and increased borrowing costs.  Then yesterday’s Financial Times brought even worse news.

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