Tag Archives: economy

Jobs: How to create them

I took a camera to Times Square this week and asked people, “What creates jobs?” Most had no answer.
One said, “stimulus!” What? Government creates jobs? No!
I suppose it’s natural that people think government creates jobs because politicians always… Continue reading

Russia And Ukraine Are At War

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Moscow won’t admit it, but Russia is at war with Ukraine.
It’s hard to draw any other conclusion from reports that Russian regular forces have moved into eastern Ukraine and are attacking Ukrainian military units amid a flare-up of violence… Continue reading

Fed’s George: Rate Liftoff Should Come ‘Sooner Rather than Later’

A top Federal Reserve official said late Wednesday the central bank should start raising short-term interest rates “sooner rather than later” because of a “broad-based” improvement in the economy and job markets.
“We have seen data come in stronger than… Continue reading

Congress: Extend Unemployment Benefits For Three Months And Make A Deal

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“I challenge any lawmaker to live without an income.”
This was the message of President Obama’s press conference this afternoon on his first order of business for 2014: extending insurance for the unemployed.
As Congress went home on December 28th… Continue reading

Rosengren: Shutdown Could Delay QE Taper

A top Federal Reserve official suggested Wednesday the government shutdown could move the Fed to delay any pullback in its economic stimulus programs.
“It would be nice if the economy were able to quickly snap back from what’s currently occurring… Continue reading

The Compromising Way Forward

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In the past few weeks, Democrats and Republicans have offered up competing budget proposals—the Democrats in the Senate, the Republicans in the House—to address the nation’s mounting fiscal challenges.
The two budgets are roughly $1 trillion apart on taxes and… Continue reading

The Compromise That Americans Want To Break The Budget Deadlock

In the past few weeks, Democrats and Republicans have offered up competing budget proposals—the Democrats in the Senate, the Republicans in the House—to address the nation’s mounting fiscal challenges.
The two budgets are roughly $1 trillion apart on taxes and… Continue reading

Republicans need to quit complaining and start cooperating with Obama

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Tonight, the president of the United States of America and the leader of the party that won the election in 2012 set forward a strong plan not only for the next four years but the next four decades of American… Continue reading

Why Democrats and Republicans Must Guard Against Unnecessary Regulation

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It goes without saying that President Obama and the Democrats are flying high. The president registered a 60 percent approval rating in an ABC/Washington Post opinion poll out this week, his highest since he took office four years ago. Despite… Continue reading

Our politicians are behaving like addicts

If Congress fails to act before the end of the year, taxes will rise sharply for every American taxpayer. Also, as a consequence of the debt ceiling compromise reached in 2011, modest spending cuts are slated to take effect. Yet,… Continue reading