Category Archives: Economy and Prosperity

Morning Awful: Shrinking Middle Class

Still wonder why people would risk getting pepper-sprayed in the face? Here’s a hint: the middle class has shrunk so much in the age of conservative governance that you can see it from space: In 2007, nearly a third of … Continue reading

Posted in Civilization, Economy and Prosperity, Morning Awful, Occupy America | Tagged | 1 Comment

Occupy the Center

Have you read Matt Yglesias’ Saturday post on Occupy Wall Street as a rational response to a failed system? If not, do so. Now. Seriously, I’ll wait. It’s time we had a frank discussion about liberalism in our new American … Continue reading

Posted in Economy and Prosperity, Employment, Occupy America | Tagged | 3 Comments

Companies Hoarding Cash

The supply-side gospel is dead — profoundly, utterly debunked by empirical reality — but refuses to shut up. Not only are the wealthiest Americans hoarding trillions of dollars rather than investing, Nonfinancial companies are sitting on $1.8 trillion in cash, … Continue reading

Posted in economic stimulus, Economics, Economy and Prosperity, stimulus bill | Tagged | 3 Comments

Meme of the Month

Job losses can be “W” shaped. Hopefully, this president can manage a “V”-shaped recession with jobs bills. The proof is in the pudding and the chart is showing up as Facebook and Twitter icons.

Posted in Economics, Economy and Prosperity, Employment, Facebook, Golden Memes, stimulus bill, The Twitter Revolution | Leave a comment

Main Street vs. Wall Street

So here’s the good news: American manufacturing is making a comeback. Counties with the heaviest reliance on manufacturing income are posting some of the biggest employment gains of the nation’s early economic recovery. This is a big change from just … Continue reading

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Economy, Prosperity Divorce

The Dow Jones Industrial Average hit 10,000 yesterday even as unemployment closed on ten percent. Countless economists have explained why jobs will lag the economy as a whole.

Posted in Economy and Prosperity, financial crisis | Leave a comment