"Words that make actions speak louder."
The United Steelworkers (USW) and the American Wind Energy Association (AWEA) today announced a a joint ‘Framework Agreement’ to create a ‘Partnership for Progress’ to accelerate the development and deployment of wind energy manufacturing in the U.S. Denise Bode, CEO of the American Wind Energy Association and Leo Gerard, International President, United Steelworkers were joined […]
Saying that the Obama “stimulus” was not big enough, conservatives are demanding that the government massively increase deficit spending to create badly-needed jobs. Newt Gingrich, at the conservative media outlet Human Events, calls for an Economic Freedom Act that includes, • Reducing the payroll tax by half for 2010…; • Eliminating the capital gains tax […]
Bob Borosage introduced Richard Trumka of the AFL-CIO, who said, “Saving and creating jobs is the path to reducing the deficit.” Progressive tradition in America means the same today as for many years. It is the promise of a society built on what unites us not divides us. Majority voted for change in in 2008. […]
This is semi-live blogging (notes corrected later) and there is a lot, so I will highlight the most important points. I attended the Making It In America breakout session at the America’s Future Now conference this morning. Scott Paul of the Alliance for American Manufacturing moderated the session and panelists were Mark Melman pollster Kate […]
Disappointing jobs report sends stocks tumbling, Stocks tumbled Friday after the Labor Department said hiring remains weak and Hungary became the latest European country to report its economy is in crisis. Interest rates dropped as investors moved their money into the safety of Treasury bonds and notes.
Evan as Washington ignores jobs bills and slashes help for long-term unemployed workers the economy may be starting to fall back. The economy added 431,000 jobs in May, but 411,000 of those were temporary census workers. Compare this to last month when businesses added 218,000 jobs. The unemployment rate remains very high at 9.7%, dropping […]
Today ADP reported that private-sector jobs may have increased by 55,000 last month. (ADP is able to make this estimate because the company processes 1 of every 6 paychecks nationwide.) Meanwhile the Labor Department reported that initial claims for unemployment dropped 10,000 to 453,000 for the week ended May 29. Note that this drop brings […]
In Does Washington care about unemployment? economist Brad DeLong asks the question, In 1983, Ronald Reagan’s Washington regarded high unemployment as a national emergency. Today, with unemployment kissing 10 percent, Barack Obama’s Washington scarcely seems perturbed. Why? In 1983, when unemployment hit 10..5%, Washington was in a panic and it was considered a “genuine national […]
No serious person denies that Reagan’s 1981 tax cuts and military increases threw the country into a pattern of borrowing and borrowing that we have not escaped. When Reagan took office the national debt was $995 billion. When Reagan left office it was $2.87 trillion and climbing fast. No serious person denies that Bush’s 2001 […]
Washington politicians are convinced that the public is demanding cuts in spending, even over creating jobs and restoring the economy. This pressure comes because much of the public believes that “Obama tripled the deficit.” This has been the right’s drumbeat for over a year and the public has not heard any response. You can barely […]