U.S. Economy

New Look at the Financial Crisis

More information about the financial crisis.

New LSW page on the fiscal cliff deal

A new LSW page looks at the deal Congress and the Obama administration reached to resolve the set of problems commonly called the ‘fiscal cliff’.

More clarity on the ‘fiscal cliff’

The title of this Baseline Scenario post says it all: If Entitlement Programs Are Your Top Priority, the Fiscal Cliff Is Your Friend

‘Too Big To Fail’ Still Active Principle

Baseline Scenario writes that despite the proclamation by prominent voices that ‘too big to fail’ has been ended, ‘too big to fail’ lives.

NY Times suggestions to improve the U.S. economy

A few easily implemented actions that would improve the U.S. economy that even tea bags can understand, although those looking only to undermine Obama’s presidency will no doubt demur.

U.S. States Get Down and Miserly While U.S. Corps Pay Little or No Taxes

Several discussions of states reducing unemployment benefits and low corporate tax contributions leading into a conclusion by David Cay Johnston that in a year or two, given the political struggles present in the land today, we will know if we will be living in a completely corporatized society or if there will be pushback.

Struggle in Wisconsin

Krugman on the struggle in Wisconsin as seen in the light of Naomi Klein’s “Shock Doctrine” – using a constructed crisis as a smoke screen to implement right wing dreams of privatization and other means to rob citizens of their wealth on behalf of the rich.

The Actual State of the U.S. Economy

“…we are well on our way to a real crisis.”

Wisconsin – facts about claims that Wisconsin public workers don’t pay enough for their health care

Perspectives on Wisconsin Governor Walker and his claims that public employees don’t pay enough for health care and should be stripped of the right to negotiate salaries.

Dean Baker on the origins and severity of the so-called crisis with public pensions

The causes and severity of the so-called crisis with public employee pensions.

Obama’s Federal Spending Freeze, Cut in Corp. Taxes and Inevitable Bailouts

Possible effects on financial and health reform of Obama’s spending freeze, the effects on governance of the need to raise one billion dollars to run for President in 2012 and the inevitability of bailouts.

Deficit hawk hypocrites

Baseline Scenario illuminates the defict raising sins of the deficit hawks.

Obama Appoints GE chairman as top economic advisor

Obama further ensconces his administration within the cocoon of the (less daft) Republican camp.

Perspectives on Arizona shootings, Obama, Republicans plus plus

Perspectives on the state of the union.

Baseline Scenario on what is wrong with cutting taxes

Cut taxes on the rich. Why? Baseline Scenario on the mistaken notion that such tax cuts will help anyone or anything other than the bank accounts of the rich, where the money will stay put, unused to any good effect.

Merry Christmas to the Unemployed – No More Unemployment Benefits

Republicans and wealthy Democrats don’t want the unemployed to be able to eat and pay the rent but wnat to give the filthy rich billions in tax cuts. Is everybody asleep out there?

Deficit mania

The size of the budget deficit (and cumulative debt) is meaningless without reference to the size of the economy. What looks like a big debt 10 or 20 years from now may turn out to be small if growth has been rapid in the intervening years. By the same token, a seemingly small future debt […]

New page – Deficits, deficit hysteria, Bush tax cuts and other pressing economic issues

The new LSW page “Deficits, deficit hysteria, Bush tax cuts and other pressing economic issues” contains information on the deficit mania campaign now being conducted by the hyper-wealthy elite in the U.S. as well as references to further information.

China On A Shopping Trip

China 2 – 0? China winning the struggle for future energy supplies over the West?

Rob Johnson

The deficit commission and the current state of U.S. politics – class war from above.

Great Explanation of ‘Quantitative Easing’ and the Feb and Goldman Sachs

Is this an episode of the twilight zone? Is this a nightmare?

One last U.S. 2010 Mid-term Election Update

Baseline Scenario on the effect of the U.S. 2010 midterm elections on financial reform effort as well as David Broder’s advice to President Obama on starting a war with Iran (or just kind of faking it) in order to revive his political fortunes.

Excellent Frank Rich column

Rich’s column, “What Happened to Change We Can Believe In?” in the NY Times, Sunday 210.24.10, is well worth reading for its insight and information. To wit: “But the most relentless drag on a chief executive who promised change we can believe in is even more ominous. It’s the country’s fatalistic sense that the stacked […]

Unending recession?

Interview with Robert Reich covering TARP, economic stimulation efforts, the Obama administration and the income equality gap, plus the political consequences of the aforementioned.

Financial reform status – May 9, 2010

Failed vote to break up the big banks

Baseline Scenario on the status of financial reform measures in the Senate

Does the Senate handling of financial reform legislation reflect the lack of a functioning democracy in the U.S.?