No Sign of Recession: Economy adds 528,000 Jobs In July

CNBC reports, Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market: Hiring in July was far better than expected, defying signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 528,000 for the month and the unemployment rate was … Read more

Habemus Deal on Inflation Reduction Act with Senator Sinema

After negotiations with Chuck Schumer and Joe Manchin, Arizona Democratic Senator Kyrsten Sinema has signaled she would vote to proceed with the Inflation Reduction Act if the Senate Parliamentarian rules the legislation, with the provisions contained in the text, can proceed through the reconciliation process. According to numerous news reports like Politico, the Washington Post, … Read more

Senate Schedules Saturday Vote On The Inflation Reduction Act of 2022

CNN reports, Schumer plans first vote on Democrats’ economic bill as negotiators court Sinema: Senate Majority Leader Chuck Schumer on Thursday announced that the Senate will reconvene on Saturday and plan to take the first procedural vote to proceed to the Democrats’ climate and health care bill. Schumer’s announcement comes as negotiators try to lock … Read more

Extremist Trump Republicans Are Singing the Same False Song with Regards to the Inflation Reduction Plan

Political observers have heard this false song before. In 1993, united extremist Republicans, led by family values hypocrite Newt Gingrich, said that the Clinton/Gore Economic Plan, with its mix of tax increases, tax relief in the Earned Income Tax Credit, spending cuts, and targeted investments designed to help people, would spell disaster for the American … Read more