Economy

More on wage gap inequity; Post WWII vs. today

May 4th, 2009 | By jaymcdonough | Category: Economy

I’ve written several times about tax policy and middle class wage stagnation.  There’s plenty of evidence that as middle class wages languished for the last 25 years, those individuals chose to use overinflated home equity and easy credit to become more and more leveraged in order to live a lifestyle that had moved out of [...]



MSNBC continues to use misleading charts suggesting Obama is responsible for Dow’s decline

Mar 9th, 2009 | By chamay0 | Category: Economy

There seems to be no end to MSNBC wonky misuse of their stock market graph. They are so busy trying to put forth a GOP talking point that it boggles their minds that the President still has a very high approval rating.
Its simple everyone is not stupid. We are fully aware that the recession did [...]



Count on A Republican to Make the American People Last

Feb 25th, 2009 | By chamay0 | Category: Economy

It is never a surprise when a Republican makes a choice regarding something to cut to make a political posturing point its usually the American People that gets cut. Such is the case with the new posturing by the republican party to cherry pick what they will help or will not use from the stimulus [...]



More Job Cuts

Jan 26th, 2009 | By chamay0 | Category: Economy

We have not even gotten through the first month of the new year, yet every body needs to buckle up.  More job cuts is here, with more on the way.  At least 40,000+ is already lost and more to come in the immediate future.
Yet, day after day I have to listen to the kings of [...]



Obama hints at entitlements changes

Jan 7th, 2009 | By jaymcdonough | Category: Economy

The Congressional Budget Office today projected a $1.2T federal budget deficit for the fiscal year.  With that cheery news hanging like a big dark cloud, President-elect Barack Obama held a press conference and hinted at changes to Social Security and Medicare as a way to reign in federal expenditures.
“We expect that discussion around entitlements will [...]