With unemployment jumping over 10 percent nationally last month and the midterm elections just a year away, Democrats are scrambling to find new ways to buoy the economy. In the past few weeks, a cadre of high-ranking lawmakers have coalesced around a "job creation" package, which Illinois' own Sen. Dick Durbin has' [...]
Now that roughly one-quarter of the money allocated in President Obama's stimulus plan has flown out the door, a consensus among economists about the effectiveness of the package is emerging. The New York Times' reports:
The legislation, a variety of economists say, is helping an economy in free fall a year ago to [...]
by John Brown's Ghost
President Barack Obama was in China this week and had the following quote:
"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in'" [...]
by Mark Silva
Sarah Palin, embarking on a natonal book tour with her Going Rogue memoirs, has one word for the way that President Barack Obama is handling the economy:
"Backassward.''
That's how the former governor of Alaska and 2008 Republican vice" [...]
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[...]Thomas Palley in a post well worth reading explains:
The world economy has paid dearly for complicity with and silence about the economic policies of the last 15 years, which have culminated in the deepest and most dangerous recession since the 1930’s. It will pay still more if policymakers remain [...]
Michigan's economy has been in a free-fall for several years. The Great Lake State has the nation's highest unemployment rate. More than any state, Michigan needs jobs. 
Republican gubernatorial candidate Jim Ryan, who is endorsed by this blog, issued the following statement about the proposed transfer of Guantanamo Bay terrorists to Thomson, Illinois.Turns out, Bush’s tax cuts hurt the economy. Wha…?
From the Citizens for Tax Justice:
And yet, many of the lawmakers who argue that the health care reform legislation is “too costly” are the same lawmakers who supported the Bush tax cuts. Their own voting record demonstrates that health care [...]
Over a year ago, we wrote our first post advocating in favor of federal assistance for state governments. The reasons were simple enough: a slowing economy causes revenues to decline and demand for services like Medicaid to rise; recessions always hit states later than the federal government; and the General Assembly is [...]
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Click below for transcript
THE WHITE HOUSE
Office of the Press Secretary
_________________________________________________________________________________________________
For Immediate Release November 10, 2009
REMARKS BY THE PRESIDENT
AT MEMORIAL SERVICE AT FORT HOOD
[...]
Among the jobs that Barack Obama's economic stimulus bill boondoogle were supposed to create were "green jobs," for the new economy that the president and other lefties envisioned. Just as those "saved" postitions that are largely fictional, the Heritage Foundation tells us, those green jobs are [...]
Mayor Daley said Monday he does not share his police superintendent's extreme case of nerves about a wave of police retirements next year because the economy stinks and there are "no jobs out there."
"Retirement is very questionable because of the economy outside. You can't get jobs,"' [...]
Graphic to the left found via Exurban League with a link to a report regarding the nationwide unemployment rate. So that's what that graphic represents. That link is to a CNN story ironically.Visit msnbc.com for Breaking News, World News, and News about the Economy
There will be several procedural votes throughout the day. One of special votes will be on the Stupak-Pitts Amendment that will restrict federal funding of abortion.
12:53 -- Pelosi's bill has now been called. Four hours of debate will be allowed.' [...]
The House of Representatives is in a rare Saturday session, where it is poised--or not poised--to vote on its health care reform bill that will see federal government eventually take over one-sixth of our economy.
The Economy, How Bad Is It?
The economy is so bad… That I got a pre-declined credit card in the mail.
The economy is so bad… I ordered a burger at McDonald’s and the kid behind
the counter asked, “Can you afford fries with that?”
The economy is so bad… [...]
The director of Bryan Texas' Planned Parenthood resigned recently, saying "she just couldn't do it anymore," when a slowing economy caused PP's directors to push for more abortions to make up for sagging revenues. With one of Planned Parenthood's largest facilities in the nation located in Aurora, IL, it's likely' [...]
via Peter Santilli
Visit msnbc.com for Breaking News, World News, and News about the Economy
Share and Enjoy: [...]Last week at this time, thousands of outraged taxpayers and activists were taking to the streets to protest the banking industry's destruction of the economy and obstruction of much-needed financial regulatory reform. Whether you missed the action or were in the thick of it, be sure to check out [...]
THE WHITE HOUSE
Office of the Press Secretary
_______________________________________________________________________________________
FOR IMMEDIATE RELEASE
November 1, 2009
DAILY GUIDANCE AND PRESS SCHEDULE FOR
MONDAY, NOVEMBER 2, 2009
In the morning, the President will receive the Presidential Daily Briefing. This meeting is closed press.
As [...]
Visit msnbc.com for Breaking News, World News, and News about the Economy
While there is nothing to celebrate until job numbers turn around, the President cites the recent dramatic turnaround in gross domestic product as a sign of better things to come. He also applauds the fact that the Recovery Act has now created or saved more than a million jobs.
The President’s [...]
