The Standard & Poor’s Agenda

By George Zornick August 8, 2011, The Nation Standard & Poor’s declared in April that if $4 trillion in savings was not achieved in the debt ceiling deal, it would downgrade the government’s credit rating from AAA status. They did so on Friday, citing not only a deal that achieved “only” $2.1 trillion in savings ... Read more

Inequality Data & Statistics   Inequality data and statistics give us an important incite into the state of our economy and the health of our society. In this section, we offer quick takes on economic inequality, as categorized in five key areas: income, wealth, global, health, and racial. In each category, we chart some ... Read more

Why S&P Has No Business Downgrading the U.S.

By Robert Reich Friday, August 5, 2011 Standard & Poor’s downgrade of America’s debt couldn’t come at a worse time. The result is likely to be higher borrowing costs for the government at all levels, and higher interest on your variable-rate mortgage, your auto loan, your credit card loans, and ... Read more

A More Complete Review of U.S. Employment

Look Again–July Jobs DECLINED by 198,000 Jack Rasmus, August 7, 2011 COMMENTARY: Last Friday’s July jobs report indicated 117,000 jobs were created last month. It was hailed as a ‘not so bad’ report, not great but not as terrible as expected after last week’s dismal manufacturing and consumer spending ... Read more

The Deindustrialization of America

Goodbye to Fosteria, OH By John R. MacArthur Le Monde Diplomatique, August, 2011 Pro-North American Free Trade Agreement (Nafta) forces staged on 9 November 1993 what may be remembered as the greatest salesman’s trick in televised propaganda. Millions of Americans had just watched CNN’s Larry King ... Read more

The history lesson Obama has ignored

Obama has made the same mistake as FDR, turning his back on Keynesian economics. And we’ll all pay dearly for it By David Woolner New Deal2.0, August 3, 2011 Wikipedia Former president Franklin Delano Roosevelt “The economic experiments of President Roosevelt may prove, I think, to be of ... Read more