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The Real Victims of Austerity
Those who can least afford it: “Millions of Floridians head back to work Tuesday after a restful three-day Fourth of July weekend. But Toni Gugliotta won’t be among them. She’ll be applying for $275 a...
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Unemployment Rises to 9.2%
From this morning’s New York Times: “The United States economy added a meager 18,000 jobs in June, up from a gain of a revised 25,000 jobs in May, the Department of Labor said on Friday. The...
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Why Is This So Damn Difficult?
This is so simple it’s ridiculous. The three major causes of the dramatic increases in debt and deficit are: 1) The Bush, now Obama, tax cuts. 2) The wars in Iraq and Afghanistan. 3) The financial...
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Unemployment Numbers Don’t Matter? Wanna Bet?
What was that again, Mr. Plouffe? People won’t vote based on the unemployment rate? “A slipping economy has Floridians moving away from President Barack Obama and warming up to Republican Mitt Romney,...
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Remember Unemployment?
I know it’s not high on our elected officials’ priority list right now, if it’s even on the list at all, but it’s still around. A little thing called unemployment. Remember that? A few statistics the...
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Confidence, Schmonfidence
Whenever I see a discussion about the real crisis this country faces—that would be unemployment, not the manufactured one over the deficit– a couple of words keep coming up from the alleged smartest...
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9.2% Unemployment is Fiction, 16.2% is Reality
Economic Populist has a graph showing why the “official” unemployment rate of 9.2% should be disregarded as a disingenuous statistic intended to make the unemployment picture look better than it...
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Obama Hearts the “Gang of Six” Plan
President Obama was quick to endorse the latest deficit reduction plan, the one from the so-called “Gang of Six” released yesterday, calling it a “very significant step” and “broadly consistent with...
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All the Bad News That Fits
“I met a girl who sang the blues, and I asked her for some happy news. She just smiled and turned away.” In the latest episode of “As the Debt Ceiling Turns”; Boehner walks, Obama has a hissy fit, and...
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While the Senate Takes a Break, Four Thousand FAA Employees are Furloughed
Dysfunctional government marches on. While the Senate takes a break, 4,000 FAA employees are now furloughed without pay: “The Federal Aviation Administration (FAA) partially shut down Saturday, as...
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