CNBC reports Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows: Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday. Nonfarm payrolls increased 253,000 for the month, beating Wall Street estimates for growth of 180,000, according to the Bureau … Read more
Economist Paul Krugman writes, Joe Biden and the Not-So-Bad Economy: Joe Biden has, to nobody’s surprise, formally announced that he is seeking re-election. And I, for one, am dreading the year and a half of political crystal ball gazing that lies ahead of us — a discussion to which I will have little if anything … Read more
Extremist MAGA Republicans are offering the country a lose-lose proposition. They have taken the county hostage (again) over the federal debt ceiling, and are threatening to kill the hostage if Democrats do not agree to their extortion demands. “Give us what we demand, or we will default on the debt!” House Republicans cleared a key … Read more
The New York Times reports, Republicans Denounce Inflation, but Few Economists Expect Their Plans to Help: Republicans are riding a wave of anger over inflation as they seek to recapture the House and the Senate this fall, hammering Democrats on President Biden’s economic policies, which they say have fueled the fastest price gains in 40 … Read more
The Doomsayers in the media who were claiming that the U.S. is in a recession (parroting GQP talking points) – despite consistent job growth numbers every month – simply because of two quarters of weak GDP numbers, owe us a an apology today. Is it too much to demand their resignations, and they can go … Read more