Wisconsin’s economic growth has lagged behind that of most other states, according to the Bureau of Economic Analysis. The new report issued last week provides inflation-adjusted statistics on gross domestic product (GDP) in every state for each of the years from 2010 through 2013.
|By: DSWright Wednesday January 30, 2013 7:13 am|
Call it a victory for Military Keynesianism theory as today’s dreadful GDP numbers seem to be a result of a drop off in military spending.
|By: Dean Baker Monday January 28, 2013 7:40 am|
It’s always entertaining to read Robert Samuelson’s columns on Monday mornings. They are so deliciously orthogonal to reality. Today’s column, asking whether America is in decline, is another gem.
|By: Jon Walker Friday July 27, 2012 8:50 am|
The economy has been in very poor shape the entire three and a half years President Obama has been in office and there is zero indication that it will get any better before November.
|By: Jon Walker Thursday October 27, 2011 1:55 pm|
Pelosi’s statement today, like the leak of the Super Committee Democrats’ proposal yesterday, is part of an extremely depressing pattern. It is the Democratic party slowly moving from defending entitlement programs to taking the official position that Medicare and Social Security should be cut.
|By: dakine01 Saturday July 30, 2011 11:30 am|
Now I do have to ask how many folks remember the response of Speaker of the House Boehner way back in February when it was pointed out to him that cutting jobs could hurt the economy:
“So be it.”
You really should be careful of what you ask for Mr Speaker.
|By: David Dayen Tuesday April 12, 2011 5:12 pm|
I have to chuckle at the lipstick that the Senate Appropriations Committee put on their pig of a budget deal for 2011.
|By: David Dayen Friday April 8, 2011 11:40 am|
I think there’s a notion out there, expressed on the right, that shutting down a bunch of government functions that they don’t like anyway has benefits in and of itself, and furthermore it saves the government cash in the short run. But that’s actually not true.
|By: David Dayen Monday March 28, 2011 4:01 pm|
The GDP release for the first quarter of the year, which ends on Thursday, will come out in a matter of weeks. And the same analysts who upgraded on the tax cut deal are now downgrading on this news. And that’s before the likely government shutdown on April 8, which will affect the second quarter.
|By: David Dayen Wednesday February 23, 2011 4:40 pm|
The in-the-know types in Washington keep assuring the little people that there’s some secret negotiations on walking back from the budget standoff in Washington, avoiding a government shutdown. Pardon me if I don’t see it happening. It’s true that Republicans are working on a stopgap continuing resolution that would last two weeks, not four like the Democrats want, and would include $10 billion in cuts, unlike the Democratic plan which keeps things at current levels in the short-term. But that leaves the two sides $10 billion apart, with a little over a week to go. Senate Republicans plan to offer this measure as a substitute amendment to the Democrats’ stopgap, but that’s just to draw votes and rail against moderates for “voting against spending cuts.” Absolutely nothing here makes me believe that the continuing resolution won’t run out. I see a lot of posturing but no solution. And to be clear, we’re now talking about $10 billion dollars, in a budget of over $3 trillion, leading to a debilitating shutdown.
Into this environment comes something Sen. Chuck Schumer highlighted today – an analysis from Goldman Sachs showing that the House spending cut plan would significantly inhibit economic growth.