On Tuesday, the nation’s top medical experts were testifying before Congress about the danger of opening up the economy too soon. At Senate Hearing, Government Experts Paint Bleak Picture of the Pandemic: Two of the federal government’s top health officials painted a grim picture of the months ahead on Tuesday, warning a Senate panel that … Read more
A recession is a normal part of the business cycle that generally occurs when GDP contracts for at least two quarters. We are halfway there. U.S. gross domestic product fell at a 4.8 percent annual rate in the first quarter of the year, the worst quarterly contraction since 2008, when the country was in a deep recession (most of … Read more
When historians write the history of the politics of our era there will be two great villains identified who were most responsible for the destructive scorched earth hyper-partisan politics that has undermined America democracy: former House Speaker Newt Gingrich, The Man Who Broke Politics, and his ideological successor, Senate Majority Leader Mitch McConnell, the man … Read more
The Washington Post reports 6.6 million Americans filed for unemployment last week, bringing the pandemic total to over 17 million: The surge of job losses continued last week with 6.6 million Americans applying for unemployment benefits, the Labor Department said Thursday. More than 17 million new jobless claims have been filed in the past four … Read more
The one thing America does not need right now as we slide into a potential global depression is more corporate welfare tax cuts. The Republican 2017 corporate welfare tax cut bill has already put the U.S. in a difficult financial bind to respond to this quickly developing economic crisis. But Republicans only know one tune, … Read more