As the US Unemployment Rises, So Does Wall Street Mitt’s Presidential Aspirations

The Obama administration quickly allied itself with Wall Street after the 2008 election and ignored advice for larger stimulas from economists such as Paul Krugman and George Stiglitz, both economic noble prize winners. Obama decided to rescue Wall Street rather than main street, he decided to favor the 1 over the 99 percent. Now he [...]

Read Full Post »

It’s a First! Most unemployed Americans attended at least some college, for the first time ever

What will you achieve if you take out student loans, go to college, improve your skills and get ahead of your competition? For the first time in US history, you’ll most likely get a ton of student loan debt and join your competition in a place on a very long unemployment line. But the affluent [...]

Read Full Post »

Weak Economic Recovery is Because of the Mal-Distribution of Income and Wealth

The US unemployment rate fell to 8.1 percent in April as the economy created a modest 115,000 jobs, official figures showed Friday, the eve of President Barack Obama’s maiden reelection rally. Despite the meager job creation, the Labor Department data showed unemployment at the lowest level in over three years. But the report will do [...]

Read Full Post »

Sustained, high joblessness causes lasting damage to wages, benefits, income, and wealth

It shouldn’t come as a surprise to anyone that studies show that being out of the job market can have a devastating impact on your ability to earn a living in the long-term. A new study out now shows this to be statistically true. By the way, this also suggests the United States needs to [...]

Read Full Post »

The Fix: How to Fix the Economy from the point of view of an 80 year old

BEST THING I HAVE HEARD YET…..From a senior citizen around 80 yrs. of age. We aren’t useless yet. The Fix There recently was an article in the St. Petersburg , Fl. Times. The Business Section asked readers for ideas on: “How Would You Fix the Economy?” I think this guy nailed it! Dear Mr. President, [...]

Read Full Post »

Oh My! Two Charts That Republicans Find Terrifying

Economic indications are weak, but they have been slowly moving in favor of President Obama for the last year or two. It’s nothing to brag about, but as President Ronald Reagan said back in the day, “Don’t change horses in midstream.” Obama hasn’t done anything to stop income from flowing from the 99 percent to [...]

Read Full Post »

US jobless rate mapped: unemployment state by state across America

Which states have been hardest hit by unemployment? Where are jobs scarcest? We’ve mapped the official data from the Bureau of Labor Statistics showing the percentage of people unemployed. Click this link for an interactive map about each state and unemployment there

Read Full Post »

Unemployment at 8.3% still leaves a vast and destructive jobs deficit

Republicans are calling for budget cuts, but that’s just a political ploy. They know cutting the deficit means cutting jobs. And that reduces Obama’s opportunity for reelection. That means the most significant aspect of January’s jobs report is political. Last month, the economy added almost 250,000 jobs. Click the link below for the rest of [...]

Read Full Post »

Jobs Go Up A Little, the Unemployment Rate Drops a Ton, Which is Total Lying BS

WASHINGTON (Reuters) – Employment growth picked up speed in November and the jobless rate dropped to a 2-1/2 year low of 8.6 percent, further evidence the economic recovery was gaining momentum. Nonfarm payrolls increased 120,000 last month, the Labor Department said on Friday, in line with economists’ expectations for a gain of 122,000. The relative [...]

Read Full Post »

German Economy Among the Strongest in the World

Germany provided a rare ray of light in the eurozone gloom on Wednesday, with record low unemployment and surprisingly good retail data showing Europe’s top economy is holding up well in the crisis. Germany’s unemployment rate fell to 6.4 percent in November, its lowest level since reunification more than two decades ago, with the number [...]

Read Full Post »