Working Life

    The bad news will keep pulverizing your grey cells: housing prices sliding, stock markets weak, bond yields in the toilet, the dollar down (which I actually have argued is a good thing)…     But, do not make the mistake of thinking that means that companies are lacking for money. Nope. Times are […]

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    Over the next 18 months, brace yourself for a lot of hand-wringing about the economic crisis we’re in. Every so often, we’re going to be told the "recovery" is just around the corner.  Oh, let’s be clear: the worries will have NOTHING to do with what is actually happening to PEOPLE. It will have […]

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   My head hurts every time I read about the phony crisis about the debt and the deficit–whether it be the idiotic headlines bowing down to the rating agencies’ hand-wringing (the same bozos who did such a good job blessing the financial instrument trash churned out by Wall Street) or the daily headlines about a […]

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It is still very grim out there for those people who want decent paying work. Not just a job–but a job that pays a fair wage. Today’s numbers make even more clear–we need a Job Party.   I’ll talk about the Job Party a bit more. But, first, let’s look at the numbers: While the […]

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   A lot of the voices on our side repeat the absolute truth: the Republican Party is simply not telling the truth about the seeds of the economic disaster we are dealing with and that it is in fact the government–our government–that prevented things from getting a lot worse AND we would be in much […]

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   I am continually amazed at the way people–or at least the brain-dead traditional media–express surprise when this happens: In the one-two punch many had long been fearing, hiring by businesses has slowed significantly while government jobs are disappearing at a record pace. Companies added 64,000 jobs last month, after having added 93,000 jobs in […]

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   Well, it’s nice to know that even the Federal Reserve can hear: The Federal Reserve will meet on Tuesday faced with a pivotal decision about whether to abandon its presumption that the economy is gradually picking up steam and begin to consider new steps to keep the recovery from sputtering out.    That easily […]

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   This is the news today: U.S. consumer spending was flat in June as incomes stopped growing and prices remained subdued, pointing to a weaker economy.    But, that should not be a surprise. Which makes this very curious:    Federal Reserve Chairman Ben S. Bernanke said rising wages would probably spur household spending in […]

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    If it wasn’t so tragic, I’d be laughing until my belly hurt at the hand-wringing about the shaky nature of the economy. I’ve been saying this for many months, particularly every time I’ve seen the foolish predictions of the recovery around the corner. So, now, the stock market has a deep drop and people […]

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   I have, for a very long time, been very skeptical about every pronouncement of the good news about the "recovery" that seems to be around the corner each time a snippet of data comes out that political leaders grab on to to try to reassure an angry and frustrated citizenry. You can’t say that […]

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