The jobs programs and higher taxes on the wealthy are at the top of the priority list. But all of the elements that the Administration has sought from the beginning of their term – a total of $4 trillion in deficit reduction, the “lower the rate, broaden the base” perspective on corporate taxes, an extension of the Bush tax cuts for 98% of the population, still remain in this document. We’re really talking about tone.
New Obama FY2013 Budget Reflects Shift in Tone More Than Policy |
| By: David Dayen Sunday February 12, 2012 11:30 am |
Asset Tests, Layoffs and the Race to Give Away Tax Dollars to Big Oil |
| By: ThirdandState Friday February 3, 2012 3:15 pm |
War has broken out between West Virginia, Ohio and Pennsylvania over who can give away more tax dollars to Shell Oil.
Economy Adds 243,000 Jobs in January, Unemployment Rate Down to 8.3% |
| By: David Dayen Friday February 3, 2012 6:45 am |
The private sector added 257,000 jobs in the month, with the public sector again reducing by 14,000. If we had a public sector that wasn’t consistently shrinking as it has over the past several years, the country would be in a much better economic position.
EITC Awareness, New Economic Geography and Stigmatizing the Hungry |
| By: ThirdandState Friday January 27, 2012 7:11 pm |
Today is Earned Income Tax Credit (EITC) awareness day!
Occupy Innovation |
| By: Gregg Levine Friday January 27, 2012 3:10 pm |
If the US fought for the post-carbon economy the way it fights for nebulous state-building goals in foreign wars, the future would be brighter, cleaner, safer and cheaper, with more jobs and perhaps – because it would need to secure less of that foreign oil -fewer wars. If the country built new classrooms with the same urgency it built armored vehicles, more American teens could be choosing between colleges instead of choosing between minimum and sub-minimum wage jobs – and fewer would eventually need public assistance. If the government spent more on blackboards and less on bullets, it would create more jobs today and more innovation in the future.
Energy Innovation: Obama’s State of the Union a Frothy Mix of Promise and Prattle |
| By: Gregg Levine Wednesday January 25, 2012 4:14 pm |
When I turned on the TV last night, I wanted to stand up and cheer. While watching President Obama’s State of the Union address, I felt much like I did when I watched his 2008 acceptance speech at Mile High Stadium in Denver. OK, that’s not true–not hardly. Reality has not been kind to Obama’s rhetoric, after all. But when Obama got to the energy section of the speech, I found much to applaud, not unlike in 2008. . . with some obvious caveats for his praise of dirty, dangerous, failed or flat-out fictional forms of energy production.
Wisconsin Gov Scott Walker Leads in First Head-to-Head Polls of Recall |
| By: David Dayen Wednesday January 25, 2012 1:30 pm |
Despite the vulnerabilities of Scott Walker in the upcoming recall election, he also has plenty of advantages. It’s very difficult to recall a governor, it’s only been done twice in American history. Because of the rules governing the recall, Walker can continue to raise unlimited campaign funds until the date is set for the recall. And because the Dems haven’t settled on an opponent, Walker has an early lead over potential Dem rivals.
Look-Back on Administration Economic Policy Reveals More Missteps |
| By: David Dayen Monday January 23, 2012 12:00 pm |
We’ve seen several retrospectives of the Administration’s actions to deal with the economic crisis in 2009-2010, and Ryan Lizza has a new one in the New Yorker. His recounting of the memos and exchanges between Larry Summers and Obama add to the view of Summers inducing Obama to pull his punches for political reasons, ensuring the stimulus would be too small.
I Really Do Want To Believe in the Economy… |
| By: dakine01 Thursday January 19, 2012 6:50 pm |
But then I see articles across the Toobz like this from Tuesday from US News (via Yahoo) with the headline “Are We Entering a Jobless Recovery?” and I just want to weep at the incredible combination of stoopid and duplicity to that gives us such a headline.
Poll: In Picking a President, the Economy and Jobs Trump Everything |
| By: Jon Walker Wednesday January 18, 2012 11:40 am |
A New Washington Post/ABC News poll asked Americans “What is the single most important issue in your choice for president?” The poll found that the economy or jobs dominated the responses with 51 percent. No other issue came close to breaking double digits.


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