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
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
Former Treasury Secretary and Obama’s head of the White House National Economic Council advisors, Larry Summers, has become something of a darling of the right-wing media, solely for the reason that he was critical of the American Rescue Plan for being too large, and warning that it could lead to inflation. Note: The Rescue Plan that … Read more
Republicans do not know jack diddly-squat about economics. For over 40 years they have pushed the disproved and discredited economic theory of faith based supply-side “trickle down” economics. It is an article of faith among Republicans, damn all the evidence to the contrary. I have been seeing a lot of breathless news reports lately trying … Read more
In September, the National Restaurant Association released a survey which showed nearly 1 in 6 restaurants (representing nearly 100,000 restaurants) is closed either permanently or long-term; nearly 3 million employees are still out of work; and the industry is on track to lose $240 billion in sales by the end of the year. 100,000 Restaurants Closed … Read more