With timing as all wrong as his speech full of naysaying disinformation about the economic stimulus, Rep. John Boehner, R-Ohio, kicked off the week in fine style. In a report published the same day as Minority Leader John Boehner’s criticism of President Obama’s economic policy, the CBO said the stimulus law boosted the economy by [...]
Posts under ‘Economy’
Economists find bailouts, stimulus
better than head-in-sand alternative
Unfortunately, most voters know economics and economic policy the way they know art: “If I like it, it’s a masterpiece. If I don’t, it’s junk.” Exploiting their instinctive dislike of big deficits is like shooting fish in a barrel, never mind what the alternative was.
Deficit reduction lies and the lying
Murdoch-owned rag spreading them
Banksters know that hurrying on to deficit fighting mode while the U.S. economy 95 percent of us share is still a basket case will not only ensure continued high unemployment, but even higher unemployment. Cutting government spending is just what the doctor ordered for spurring more layoffs and keeping the already jobless idle, miserable and ready to vote incumbents out – most incumbents being Democrats, of course.
Boehner, Pence great spokesmen
for party of no sensible answers
So, Meet the Press host David Gregory puts it to Republican Reps. John Boehner of Ohio and Mike Pence of Indiana straight up: You want to keep the Bush tax cuts, how are you going to pay for them? They sang. They danced. They probably wet their pants. But they didn’t give a sensible, coherent [...]
Debunking favor-the-rich
Republican mythology
A regular Oh!pinion reader responded to a post today by reciting the following bit of conservative Republican orthodoxy. . . .it doesn’t help us in the middle class or lower class by raising taxes on the rich who are a significant part of those that create private sector jobs. Removing financial resources from them means [...]
Stockman administers slap down
to McConnell and his GOP drones
Comes now David Stockman, Office of Management and Budget Director during the Reagan administration, giving the back of his hand to today’s Republican advocates of voodoo economics. If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The [...]
We create plenty of jobs — just not in America
You might think a recession deeper and more damaging to millions of nonwealthy Americans than any downturn in 80 years would reverse our runaway reliance on imported goods, at least for the duration. That would be a logical thing to think but unfortunately it’s not happening, as these numbers via AmericanEconomicAlert.org make clear (emphasis ours). [...]
Enough of worshiping false free-market god
Just after eight years in which unconstitutional means to un-American ends were peddled as consummate patriotism, we’re in a period in which criminal greed is ferociously defended and hair of the rabid dog that bit our economy is touted as the best cure for what ails us.
Job numbers point up economy’s longterm ills
Despite dismal job-creation numbers for June, it’s probably premature to say the U.S. economy is slipping into the second decline of a double dip recession. What’s abundantly clear, though, is that America’s hollowed-out, seriously eroded economy is hard put to create sufficient jobs even when there is no recession. Experts say the economy must create [...]
Republicans kick million people who are down
in fiendish bid for their own political gain
Following the cynical, politically selfish example set earlier this year by Sen. Jim Bunning, R-Ky., senators of the Party of No, joined by DINO Sen. Ben Nelson, Neb., killed a desperately needed extension of unemployment benefits Thursday. As Sen. Bernie Sanders, I-Vt., points out, Republicans complained the $30 billion jobless pay extension for people out [...]
