Trickle down economics, the concept popularized during the Reagan administration, which stated that it is good for the wealthy to prosper since they will invest and consume thereby creating jobs and opportunity for others has been discredited. It has been by virtue of the fact that since Reagan’s time progressive programs have been stripped away,
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With the Koch Brothers donating to Center for American Progress and funding studies on Incarceration, one might wonder what changes might occur at CAP due to the financial support of studies by the Koch Brothers. CAP is not the only one to begin to solicit or accept funding from major corporations or interests. Brookings has
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Guest Post by Mark Jamison, retired Postmaster Webster, N.C. This post originally appeared on Save The Post Office Blog. This is Part 2 of three posts and following Invisible Hands: The Businessman’s Campaign to Dismantle the Post Office. Default It’s an ugly and dangerous word.  It gives the impression that the individual or enterprise attached
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The White American Dream Game Just listening to the level of noise coming from some posters complaining about low income workers, how they caused their own predicament, and this is why they are unable to move upwards on the ladder of mobility. Low income and unskilled workers do not work hard enough, they did not
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What impact would Congress have on corporations if it were to change the amount of tax-deductible executive performance-based compensation downwards from $1 million to $500,000? The portal to the upper 1% of household taxpayers in income is $500,000 in normal income. If Congress were to limit tax-deductible performance-based income to $500,000, the change would put
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Remember that old jingle Burger King used in it’s advertisements? Well it looks like Burger King is determined to have it “their” way by merging with Canada’s Tim Hortons in a take over of the company. Not that Canadians will be happy with this merger as they were not according to rumor the last time
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<p>William Black has an interesting commentary on a course being offered by Bank of America in conjunction with Kahn Academy to educate Millennials. Millennials took a big hit in financial fraud, The Great Recession, and are still taking that hit with a lack of jobs. As a result, they have no love for financial firms
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In 2015, I predict that Obamacare enrollment will soar, matching 2014’s success. This may seem counter-intuitive. After all, in recent months, the public’s perception of Obamacare seems to have soured. The Henry J. Kaiser Foundation’s health care tracking poll for July reveals that 53% of those surveyed last month said they view the Affordable Care
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Update to the Hobby Lobby decision comes as a result of a SCOTUS injunction the day before the 4th of July 2014 The nonprofit Wheaton College filed a petition to keep it from having to a file self-certification document certifying it is a religious organization and should be exempt from having to provide contraceptives. Sotomayer
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A fellow poster and former CIA Economist, Spencer knows quite a bit more than I do on certain topics. Posted at Angry Bear: http://angrybearblog.com/2014/07/1970s-stagnation.html   I keep seeing references to the 1970’s stagnation that reflect a consensus belief that real GDP growth in the 1970s was significantly lower in the 1970s than in the 1980s.
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