A Three-Piece Turnout Battle In Virginia
November 05, 2012
Virginia will come down to turnout, not persuasion.
83 Cheers for the Old Economy
June 02, 2010
Last week Paul Krugman had a nice blogpost comparing income growth in the stagflation-ridden “old economy” of the 1970s and the bubbly “new economy” of the last decade. For the entire United States, it seems, inflation-adjusted median family income fell at a slightly slower rate between 1973 and 1981 than between 2000 and 2008. The old economy was better for the nation as a whole, at least as far as income growth goes. But what about metropolitan areas? In which places was income growth more rapid in what many people remember as the “bad old days”? The answer: 83 of the nation’s 100 largest me
Think Locally, Act Globally
May 26, 2010
Did anyone notice that NEC director Larry Summers quietly exploded old-fashioned urban policy last week? He didn’t mean to. In a speech at the Brookings-White House Council on Automotive Communities summit on May 18, Summers set out to talk about the economy, and how to stimulate manufacturing in general and auto manufacturing in particular. He identified four policy areas that are particularly important: the availability of credit; exports; innovation and R&D; and human capital. More credit, more exports, more innovation, and more educated workers could, in conjunction with huge and su
A Jobless Decade? Depends Where
March 17, 2010
The first decade of this century was a dud for job creation nationwide. With a weak recovery from the 2001 recession followed by the Great Recession, the nation as a whole gained almost no jobs during the decade (actually, there was a 0.3 percent increase). That made the aughts the first decade since the Great Depression without any substantial job growth. But as with so many national statistics, this national average hides enormous regional variation. And since, for most people, job markets are regional, this regional variation really matters for working people.
Where Is the Economic Recovery?
October 30, 2009
After four quarters of decline, GDP finally grew, and at a pace--3.5 percent annually--not seen since the summer of 2007. As my colleagues Alan Berube and Bill Galston point out, and as I argued last month, signs of economic growth don’t necessarily mean a rapid recovery, a sustained recovery, or even a recovery that feels meaningful to the vast majority of Americans. But that’s not the horse I want to ride today.