In January 2009 on inauguration day for Barack Obama, Republicans conspired to sabotage his presidency and to “make him a one term president,” as the “Enemy of The People,” Senator Mitch McConnell, vowed at the time. The fact that the country was in the worst economic crisis since the Great Depression and the fate of the … Read more
The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession. For context, the previous record for weekly unemployment claims was 695,000 set in 1982 — a record that has now … Read more
“The Enemy of The People,” Senate Majority Leader “Moscow Mitch” McConnell, looks at the millions of Americans out of work and struggling financially, waiting in food lines and facing utility shutoffs and eviction from their home this winter, and does his best impression of the “Soup Nazi” from Seinfeld: “No stimulus for you!” It’s not … Read more
In case you missed it, the National Bureau of Economic Research, which determines recessions, said the U.S. economy peaked in February BEFORE the economic effects of the coronavirus pandemic began in March, bringing an end to the 128-month economic expansion, the longest in post-World War II history. “The worst U.S. downturn since the Great Depression … Read more
I saw a bizarre ‘Great American Comeback’ TV ad from the Trump campaign (or an affiliated PAC) claiming an economic rebound since the coronavirus pandemic state lockdown orders ended, and praising Trump for all the jobs he has “created.” For those of you old enough to remember this show, I am reminded of Webster from … Read more