Lee Iacocca, Who Headed Two Of The Big Three Automakers, Dies At 94

One of America’s fist celebrity CEO’s has passed away at the age of 94.

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Postal Service Pushing Massive Wage and Benefit Cuts

Under pressure to cut costs and unable to cut services, the workers are the likely victims.

Trump’s 2020 Campaign Kickoff Speech Unsurprisingly Filled With Lies

Not surprisingly, the President’s opening speech of the 2020 campaign was filed with lies.

Four Years After The Worst Escalator Ride In History

Four years ago, Donald Trump began his campaign for President. What has followed has been as bad as could have been predicted that day.

The Economic Recovery Is Ten Years Old, How Much Longer Can It Last?

The current economic recovery turns ten years old this month, but it can’t last forever.

Slower May Jobs Growth Adds To Fears Of Economic Downturn

May’s Jobs Report came back with disappointing jobs growth, suggesting that the economy may be slowing down.

April Jobs Report Brings Higher Than Expected Jobs Growth

Jobs Growth in April was much higher than expected, seemingly putting to rest for now fears that the economy might be slowing.

Keep Politics Out Of The Federal Reserve

President Trump is trying to politicize monetary policy. He should be resisted on this front.

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41 States’ Higher Ed Funding Down Since 2008

Per-student investment in public colleges has not recovered from the Great Recession.

Trade Deficit Hits Record Levels Despite Trump’s Tariffs

Notwithstanding President Trump’s tariffs, America’s trade deficit hit a record level last year.

February Jobs Numbers Fall Far Short Of Expectations

Job growth in February was far below estimates, but we did see some solid wage growth and other signs that we’re approaching what economists refer to as “full employment.”

Economic Growth Slows In Final Quarter Of 2018

Economic growth slowed significantly in the fourth quarter of 2018 from where it had been earlier in the year. And it’s likely to slow down even more.

The Political Realities of a Green New Deal

Kevin Drum uses some clever sleight-of-hand to demonstrate a hard truth about the human condition.

National Debt Tops $22 Trillion, Up $2 Trillion Since 2017

The National Debt officially topped $22 trillion, marking a $2 trillion increase since President Trump took office.

January Jobs Report Is Positive Despite Government Shutdown

Despite the government shutdown, employment growth in January was far above expectations.

Trump’s Tax Cuts Haven’t Resulted In The Economic Benefits He Promised

A new study reveals that the Republican tax cut package passed at the end of 2017 has not had the economic impact the GOP claimed it would.

Budget Deficit On Pace To Exceed $1 Trillion For Current Fiscal Year

Two years of Republican control of the Legislative and Executive Branches has put us back on a path toward $1 trillion budget deficits.

December Jobs Report Blows Past Expectations

December’s Jobs Report blew past expectations to show more than 300,000 jobs created.

Growing Our Way Out Of Debt? Not Very Likely

The Trump Administration appears to think that the Budget Deficit and National Debt aren’t a big deal because we can just grow our way out of the problem. This is highly unlikely to happen.

November Jobs Growth Falls Short Of Expectations

Jobs Growth in November was healthy but fell short of expectations.

Economic Storm Clouds On The Horizon

The economy is in good shape for the moment but there are storm clouds on the horizon.

Trump Shrugs Off Reports Of An Approaching Debt Crisis

Trump has reportedly told aides that he doesn’t really care about reports of an approaching crisis of the budget deficit and national debt because he’ll be out of office before it becomes a problem.

Trump Administration Dumps Devastating Climate Change Report On Holiday Weekend

Even as its leader continues to deny the reality of Global Climate Change, the Trump Administration has released an utterly devastating report on the impact of such change over the course of the coming decades.

Sooner Or Later, We Will Have A Recession

The current economic recovery is nearly ten years old. It isn’t going to last forever, though, and that could pose a problem for the GOP in 2020.

October Delivers A Solid Jobs Report

Jobs Growth in October exceeded expectations, as did wage growth. It’s unclear, though, how long these numbers can be sustained.

Federal Budget Deficit Heads Back Up Under Republican Rule

Nearly two years into Republican control of Washington, the budget deficit is headed back up.

The Beginning Of The End Of Sears Appears To Be At Hand

A once iconic American retailer appears to be on its last legs.

About that Unit Root Thing

A decade after the Great Recession, we now have data to answer the question.

Jobs Report Disappoints, U-3 Unemployment Number At Lowest Point Since 1969

September jobs growth fell short of expectations even as the top-line unemployment rate reached a point unseen since 1969.

Federal Budget Deficit Set To End Fiscal Year Near $1 Trillion, And Continue Growing

The Federal Budget Deficit is set to end the Fiscal Year close to $1 trillion, and to continue growing after that.

August Jobs Report Slightly Stronger Than Expected

Jobs growth in August was slightly better than expected, but still nothing overly impressive.

The Trump Administration and Legal Immigration

The target is not just on illegal immigrants.

Violating Yet Another Norm, Trump Attacks The Federal Reserve

Donald Trump is now attacking his own appointee to head the Federal Reserve Board.

July Jobs Creation Falls Short Of Expectations, Wage Growth Remains Stagnant

Jobs growth fell short of expectations in July but was still relatively decent. Wage growth, however, remains stubbornly stagnant.

About that 4.1% GDP Growth….

The recent report of 4.1% GDP growth over the previous quarter is indeed welcome news. However, taking a look at the data both recent and in the past and there are some reasons to be concerned about GDP growth in general.

How Will Trump’s Trade War Impact American Politics?

If President Trump’s trade war continues, it could have a serious impact on the political fortunes of President Trump and his party.

June Jobs Growth Slightly Above Expectations, But Not Spectacular

Total nonfarm payroll employment increased by 213,000 in June and the unemployment rate rose to 4.0 percent.

Federal Government Set To Borrow $1 Trillion This Year

The Federal Government will borrow more than $1 trillion this year for the first time in more than a half-decade.

Barbara Bush, Wife And Mother Of Presidents, Dies At 92

Barbara Bush, only the second woman in history to be the wife and mother of a U.S. President, has died at the age of 92.

Welcome To The Era Of Trump’s Trillion Dollar Budget Deficits

We’re set to return to the era of trillion dollar budget deficits, and Republicans won’t do a thing about it.

Will Mexico Pay for the Wall?

The answer is, of course, no. Really, this is a post about the wall as policy.

The DJIA and a Potential Trade War

The DJIA (and other markets) are not too happy about all of this trade war talk.

March Jobs Report Falls Short Of Expectations

March’s Jobs Report fell far short of expectations.

A Booming Jobs Market For February

A better than expected jobs report for February, but wage growth slowed for the month.

Senate Reaches Budget Deal That Busts Budget Caps And Massively Increases Spending

Congress seems likely to pass a budget deal today that will massively increase spending, putting to rest once and for all the rank hypocrisy of Republicans when it comes to claims that they are “fiscally conservative.”

Live By The Markets, Die By The Markets

Donald Trump spent much of the past year touting the rising stock market, now he’s getting a lesson in reality.

The Era Of Trillion Dollar Deficits Is Set To Return, And Republicans Don’t Seem To Care

With Republicans fully in control in Washington, their concerns about the budget deficit seem to have disappeared.

A Positive January For Jobs Growth And Wages

The first jobs report for 2018 beat expectation slightly, but the most positive signs came in the underlying data on wages.

A Strong, But Not Spectacular, Report On Economic Growth

The economy grew in the final quarter of 2017, but at a slower pace than earlier in the year and far slower than what the President has promised.

December Jobs Report Falls Short Of Expectations

Contrary to expectations, jobs growth in December was relatively modest.