GDP

On this All Hallows Eve there are armies of ghouls and goblins wandering the streets of America searching for brains. You can recognize them by their red hats and confederate flags. And it’s abundantly clear why they are so fixated on finding brains: They have an acute deficiency of them...

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  • Avatar of News Corpse
  • October 31, 2022

Remember when the Trump administration was telling Americans that an “invasion” of migrants was going to threaten our very existence in mere days. Yes, a caravan of mostly women and children was going to take your freedom in the fall of 2019. A year earlier, Mr. Trump told us to...

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  • Avatar of @ReasonaBill
  • February 9, 2022
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The sparse number of actual carbon capture and sequestration projects plus weak carbon markets amplify the problems of the climate crisis yet to be revisited, post-Trump. Two heartland examples in North Dakota and Texas show how there are several interlocking problems addressing the climate crisis that must be included in future environmental policy. More specifically...

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  • Avatar of annieli
  • February 28, 2021

Let real wages (of $15+/hour) grow faster than labor productivity for some years, undoing the wage repression of the last decades. We have been misled by neoliberal economics for now many decades, it’s time to turn many things around in what is becoming a second-rated US economy, recently crippled by the...

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  • Avatar of annieli
  • February 9, 2021

If many Red States were countries they would be economic disasters. We also talk private prisons, COVID relief bill, Wall Street, and more. The truth about the Red States x x YouTube Video Politics Done Right Live weekdays @ 3:00 PM Central Video Zoom: LINK — Live Calls: (346)248-7799 ID:254 0...

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  • Avatar of Egberto Willies
  • February 1, 2021

It seems that Red State politicians have a lot to answer to their constituents. While they like to blame others, it is clear they have failed policies. Red State politicians must explain this to their constituents See full episodes here. We have known that the Red States are welfare states...

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  • Avatar of Egberto Willies
  • February 1, 2021

As Climate Crisis returns to the new US administration agenda, negative emissions technologies (NETs) may find their implementation hindered by neoliberal financialization.   An earlier ACM story showed how Steve Keen’s critique of Nordhaus’s use of discounting climate change demonstrates that orthodox economics is incapable of accelerating innovation especially in...

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  • Avatar of annieli
  • January 31, 2021

COVID-19 patients in American hospitals has surpassed 100,000 for the first time as supply networks will be attacked by gangsters hijacking supplies, and there will inevitably be the problems of guaranteed purity and authenticity. Distribution will get compromised and regulation will be stressed. CNN: The United States reported at least...

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  • Avatar of annieli
  • December 3, 2020

Donald Trump is responsible for a large percentage of our economic collapse. Stephanie Ruhle clips his wings with her assessment. Stephanie Ruhle rules. x x YouTube Video See full episodes here. Stephanie Ruhle appeared on MSNBC to discuss the GDP numbers that that Trump was hyperventilating about as if it showed some...

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  • Avatar of Egberto Willies
  • October 30, 2020

Maybe we can now just wait for every vote to be counted. Fortunately we’re past the fail-safe point of the Comey email fiasco of 2016 and its associated manipulation by the NY Times. We may be out of October Surprises. Even Putin seems to have officially cut Trump loose. Then...

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  • Avatar of annieli
  • October 29, 2020

Harvard economists estimate the cumulative financial costs of the COVID-19 pandemic. The fiscal conservatives' pandemic cost $16 Trillion for the US, about 90% of the country's GDP. If anything, you’d think fiscal conservatives, some of whom might even harbor liberal cultural/social notions, might be very angry at the waste caused by...

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  • Avatar of annieli
  • October 12, 2020

I’ll never understand why people think Republican presidents — and Republicans in general — are good for the economy. We have decades of economic data that say otherwise. When it comes to the economy, Republicans are like loud, stumbling drunks who keep insisting they’re okay to drive. Every Friday and Saturday...

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  • Avatar of Aldous Pennyfarthing
  • September 27, 2020

We in big trouble. Trump says there’ll be more “pro-crime judges”. Michele Bachmann claims that Transgender Marxists Want To Elect Biden, Turn US Communist, And Create Digital Currency (because there are so many of them!) Because Trump is really going to try and define Kamala Harris as “further left than Bernie”?...

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  • Avatar of annieli
  • September 9, 2020

Uh … sure. God forbid that ever happen. (Second tweet) x TRUMP: “You better vote for me or you are going to have the greatest depression you have ever seen.” pic.twitter.com/EltgyLJKlw— Aaron Rupar (@atrupar) August 29, 2020 Let’s see, the current unemployment rate is 10.2 percent, GDP plunged nearly 32 percent...

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  • Avatar of Aldous Pennyfarthing
  • August 29, 2020

The White House version of the Sturgis Smash Mouth concert is ready for its hydroxychloroquine treatments as one big Hatch Act violation. And for the umpteenth time he lies about Veterans Choice, even as he was called on it directly in a presser several weeks ago. JASS, Just Another Stump Speech....

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  • Avatar of annieli
  • August 28, 2020

Trump has pimped for the fossil fuel industries because it’s still about money, just like dialing back some election promises in order to reinstate them after election day. Because the Trump recession needs to be fixed, and taking back Congress will move re-regulation back to the clean energy agenda, rather...

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  • Avatar of annieli
  • August 19, 2020

Remember when Donald Trump vowed to eliminate the entire national debt in eight years? And when he promised “4, 5, or even 6 percent” GDP growth? Well, keep those promises in your back pocket, because you’re not going to effing believe this.  Fox Business: President Trump on Wednesday touted his plan to...

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  • Avatar of Aldous Pennyfarthing
  • August 13, 2020

A few weeks ago I wrote a piece warning the American people to keep their eyes on the juggler, not the balls in the air. Yesterday, on the day the nation buried one of its voter rights heroes, Rep. John Lewis, Donald Trump tossed an ornate ball in the air....

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  • Avatar of @ReasonaBill
  • July 31, 2020

There are still people who think Trump will win in November, despite his usual attempts at kayfabe like threatening an election postponement today to distract everyone from the record slump in second quarter GDP. Despite a number of poll numbers that predict Donald Trump will lose his reelection bid, one...

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  • Avatar of annieli
  • July 31, 2020

Pay no attention to another Trump attempt to violate the Constitution like a sex slave. The #TrumpVirus begat a #TrumpSlump. x It worked. Trump’s nonsense talk about delaying the election dominated the very few reporter questions Trump allowed at his briefing. That was exactly what Trump wanted. Nothing about the...

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  • Avatar of annieli
  • July 31, 2020

I vividly remember Donald Trump’s campaign kickoff speech at Trump Tower on June 16, 2015 — a day which will live in imbecility. I recall that Trump seemed congenitally incapable of telling the truth, rode an escalator as part of what appeared to be some sort of shambolic, improptu comedy bit, and,...

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  • Avatar of Aldous Pennyfarthing
  • July 30, 2020

I’m liking that Biden is hammering Trump hard on the economy: “The depth of economic devastation our nation is experiencing is not an act of God, it’s a failure of presidential leadership,” the presumptive Democratic nominee for president said in a statement released by his campaign. “Had President Trump taken...

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  • Avatar of Sam Sero
  • July 30, 2020
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This week I attended (remotely) the Rethinking Economics Festival and encountered challenging pluralist discourses like a platform economy (noting that most of such work is populated by women), decolonizing the Eurocentric position in disciplines, or “fully-automated luxury communism”. I thought I’d share some resource items and make a few observations....

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  • Avatar of annieli
  • July 26, 2020

Stay the course. Wear a mask. GOTV. Camera. Television. The whole world is watching. x My new video: #AmericasGreatestMistake We need 10,000 retweets in two hours. Please remember you can retweet twice. pic.twitter.com/FGgIOcdef1 — Don Winslow (@donwinslow) July 25, 2020 x A long line at #PortlandProtests of REAL patriots defending our...

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  • Avatar of annieli
  • July 25, 2020
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Modern Monetary Theory (MMT) can (but not will) save the US economy. What with the White House Council of Economic Advisors now reduced to one economist, it’s worth noting that one of their econometric models (Hassett) influenced the prediction that COVID-19 infections in the US would go to zero by...

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  • Avatar of annieli
  • June 28, 2020

Oh so brand-conscious Trump now has his very own recession. No, it’s not Obama’s. Trump has ended 128 months of economic growth, before COVID-19 hit. Remember the stock market is not the economy. x The only thing Trump doesn't want his name on: #TrumpRecession. — The Lincoln Project (@ProjectLincoln) June 8,...

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  • Avatar of annieli
  • June 9, 2020

WaPo made an adjustment and Trump has now lied 18,000 times. The comparison is staggering on Trump’s economic claims. APR 03 2020 “Again, we had the strongest economy in the world. We had our best ever. We had probably the best economy in the history of the world, bigger than...

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  • Avatar of annieli
  • May 13, 2020

COVID-19 is not like the seasonal flu, among other things. The above chart should end all comments about it being “just like the flu”. Remember that 0.6% of the US population has been tested for COVID-19.  And Howard Dean is the first to announce that he’ll not go on MSNBC as...

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  • Avatar of annieli
  • April 8, 2020

The study of national effects is also about subnational regions as comparing NYC to California and Washington shows the relative effectiveness but also some of the problems of density. 2020-2021 will be about subnational, regional recessions. The question will be how largely blue state urban concentrations recover from the pandemic(s)....

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  • Avatar of annieli
  • March 26, 2020

Today’s Trump / Coronavirus Task Force started at 545pm ET Fauci in attendance. Trump was more disciplined today, and limited Q&A, lest he get asked tough questions. Still committed to his latest “beautiful Easter timeline” to “reopen” the economy. x What is the over and under that #Pence @vp be holding...

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  • Avatar of annieli
  • March 24, 2020

Sign the Petition for a Student Debt Stimulus in response to the COVID-19 Crisis photo: Student loan debt rose from $480.1 billion(3.5% GDP) in aQ1 2006 to $1,397.3 billion(7.5% GDP) in Q3 2016 • (Public Domain) Solidarity,  Alan Minsky for Mike F., Janis, Mike H. Dan, Donna, Deb, Dr. Bill,...

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  • March 19, 2020

Yup. https://twitter.com/JRehling/status/1226294936351363073?ref_src=twsrc%5Etfw Honestly, this pervasive, lingering myth that Republicans are great for the economy and Democrats are poison never ceases to baffle me. The opposite is true. On every important measure — GDP growth, job creation, deficit spending, business investment growth — Democrats beat Republicans’ brains out, and they have for...

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  • Avatar of Aldous Pennyfarthing
  • February 9, 2020

Trump may have been squandering Obama’s strong economy. (2018) “The benefits of this strong economy and sound financial system have not reached all Americans.” Economists call them leading economic indicators because they measure the early influencers on growth. In October 2019, they report that the economy is faltering slightly. It has slightly slower growth, low...

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  • Avatar of annieli
  • February 2, 2020

Dean Obeidallah appeared on MSNBC’s AM Joy and made a very important critique on Democrats ceding the economic narrative to Donald Trump. Dean Obeidallah correct on not ceding economic message A few weeks ago I wrote a piece titled “Make the stock market record highs and low unemployment Trump’s failure.”...

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  • Avatar of Egberto Willies
  • December 29, 2019

2020 will continue Trump’s lying and incessant touting about an economy that has underperformed with the growth given him by PBO. Numbers artificially propped up by deficits and tax cuts will result in a potentially catastrophic and looming recession. Trump’s “trade war” has contributed to global slowing. With the new year...

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  • Avatar of annieli
  • December 28, 2019

The BBC identified 12 key issues for the Labour party’s manifesto in preparation for the December General Election. Not wishing to take anything away from NY Brit Expat’s cogent analyses, I wanted to reflect on one item, the potential for re-nationalizing of key sectors in the US 2020 election context,...

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  • Avatar of annieli
  • November 24, 2019

So many underlings doing their jobs, so much disloyalty. Mr. Trump first expressed his dismay about Michael Atkinson around the time the whistle-blower’s complaint became public in September. In recent weeks, he has continued to raise with aides the possibility of firing him, one of the people said. The president has...

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  • Avatar of annieli
  • November 12, 2019

Among other things, Donald Trump will go down in history as the “everyone could have predicted” president. That is, it’s not just that the 45th president of the United States has failed to deliver on pretty much every promise that he made to the American people; it’s that the fact that Trump’s guarantees...

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  • Avatar of Jon Perr
  • September 15, 2019

Cheeto Mussolini is up early this morning and thinking about what else he could do to screw over the U.S.  — he came up with this…. x ….The USA should always be paying the the lowest rate. No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve...

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  • Avatar of durrati
  • September 11, 2019

With the unemployment rate still at 3.7% and GDP growth at 2.0%, the American economy remains solid, if not spectacular. But with more warning lights flashing yellow, Team Trump is growing more concerned about the direction of the so-called best economy ever just as the 2020 election heats up. The president and...

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  • Avatar of Jon Perr
  • September 8, 2019

As Donald Trump’s bragging about the economy reached a crescendo last fall, former Obama White House communications director Jen Psaki provided a helpful reality check for the American people. “A buffoon could have kept the recovery going,” Psaki explained, “and in fact one has so far.” That Trump had inherited...

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  • Avatar of Jon Perr
  • August 25, 2019

“The Romans did in these instances what all prudent princes ought to do, who have to regard not only present troubles, but also future ones, for which they must prepare with every energy, because, when foreseen, it is easy to remedy them; but if you wait until they approach, the...

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  • Avatar of Pakalolo
  • June 20, 2019

For Inclusive Prosperity,  Mike Hersh for Alan, Shayna, Deb, Kimberly, Bryan, Mike F., Dr. Bill, Dan, and Janis—your PDA national team. PDA Makes Sure Your Voice Is HeardContact Mike Fox to Educate Congress The Trumpublicans tell us the economy is doing better than ever. Really? Not according to so many...

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  • May 28, 2019

Progressive Democrats of America An Open Letter to the Congress and People of the United States As economists, we understand that a single-payer “Medicare for All” health insurance system for the U.S. can finance good-quality care for all U.S. residents as a basic right while still significantly reducing overall health...

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  • May 21, 2019

The United States was the world’s lone “hyperpower” when President George W. Bush launched his disastrous and unnecessary war with Iraq in 2003. An economic and military hegemon unchallenged by any single enemy or collection of rivals, the U.S. could and did act with impunity in swiftly toppling Saddam Hussein’s...

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  • Avatar of Jon Perr
  • May 20, 2019

The Washington Post published an alarming story yesterday on risky loans big banks are making to cash-poor companies and the devastating effects this mountain of corporate leverage could have if the economy starts to wobble (as it appears to be doing more and more lately). If that sounds eerily like what happened during...

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  • Avatar of Aldous Pennyfarthing
  • April 7, 2019

Even a broken clock, the old saying goes, is right twice a day. So it was for Donald Trump during his 2019 State of the Union address on Tuesday night. During perhaps the most backward-looking presidential message in memory, the president thundered about a mythical national crisis of undocumented immigration putting...

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  • Avatar of Jon Perr
  • February 10, 2019

As 2018 draws to a close, there is growing concern about what the next year will bring for the American economy. President Trump’s twin self-inflicted wounds of an ongoing trade war with China and a needless government shutdown helped send stock markets into a December panic. The expanding global economy,...

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  • Avatar of Jon Perr
  • December 30, 2018

In the wake of media reports that China imported exactly zero U.S. soybeans in November (down from 4.7 million tons in November 2017) because of Donald Trump’s regrettable trade war — and following yesterday’s Trump-induced stock market plunge — Asian stocks took a tumble today. Seems Trump’s Christmas gift to the...

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  • Avatar of Aldous Pennyfarthing
  • December 25, 2018

This is astonishingly stupid.  I’m still marveling at the raw, unadulterated dumb. Someone please break into my home with a SWAT battering ram and crowbar my jaw off the floor, because I’m going to be stuck here for a while. x DeFazio on climate: “This is the existential threat to the...

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  • Avatar of Aldous Pennyfarthing
  • December 15, 2018