GOP Working Against the Economy
Posted in Main Blog (All Posts) on August 8th, 2010 4:32 am by HL
GOP Working Against the Economy
Matthew Yglesias, Think Progress
The new unemployment report highlights the fact that the economy remains lousy and John Boehner is going to be the next Speaker of the House of Representatives. Ironically, it also demonstrates the bankruptcy of Boehner’s way of thinking. The new conservative orthodoxy has been that somehow teachers, police officers, guys who repair street signs, bus drivers, librarians, etc. don’t have “real jobs” and that police departments, roads, trains, buses, libraries, etc. don’t contribute to economic growth. In those terms, the unemployment report was…
The AIG Bailout Scandal
William Greider, The Nation
The government’s $182 billion bailout of insurance giant AIG should be seen as the Rosetta Stone for understanding the financial crisis and its costly aftermath. The story of American International Group explains the larger catastrophe not because this was the biggest corporate bailout in history but because AIG’s collapse and subsequent rescue involved nearly all the critical elements, including delusion and deception. These financial dealings are monstrously complicated, but this account focuses on something mere mortals can understand—moral confusion…
Obama’s Economic Plan — It Isn’t Working
Dems Get Little Boost From Stimulus
Shailagh Murray, Washington Post
ELYRIA, OHIO — Republican House candidate Tom Ganley sold more than 800 cars last summer through the “Cash for Clunkers” government rebate program. But does Uncle Sam get a thank you?”Let's talk about Cash for Clunkers,” the voluble millionaire, who owns the largest auto dealership group in Ohio, told a group of voters here recently. “It created a 30-day surge in auto sales. After it ended, there was no business. It was like the faucet was shut off.”