Tag Archive for Economy

Blame Bush? It’s Not Just for Democrats Anymore

The Republicans are crowing about this prospects in this Fall’s midterms and have been for quite some time.  Traditionally, the president’s party loses seats in a midterm election and I do expect we’ll lose some seats in the House and Senate simply because there were seats long held by Republicans that turned blue in 2006…

My, How Times Have Changed

This post is heavily lifted from here. There’s a site called The Smirking Chimp recommended by digby (who is, IMHO, totally cool). Check them both from time to time.  The Smirking Chimp has a post about the economic effects of the Reagan Revolution. Following is the gist of their post. It’s handy to have all this information…

Obama Weekly Address: Good News for the Auto Industry

As the auto industry and financial markets begin to stabilize, the President says the government’s emergency interventions are now winding down. He pledges that real reform, particularly on Wall Street, must now begin. General Motors announced that it has repaid its loan to taxpayers with interest five years ahead of schedule, and Chrysler Financial has already fully repaid with interest its loan as well.

Fed Chief Bernanke: Moderate Recovery Signals Time to Cut Deficits

“On balance, the incoming data suggest that growth in private final demand will be sufficient to promote a moderate economic recovery in coming quarters,” Bernanke said in testimony to Congress today. “Significant restraints on the pace of the recovery remain, including weakness in both residential and nonresidential construction and the poor fiscal condition of many state and local governments.”

Obama Weekly Address: Opening Doors for Small Business

Reiterating once again his commitment to small business as the engine of our economy, the President urges Congress to move forward immediately on steps to help them expand and create jobs. These proposals include using $30 billion in TARP funds to create a new Small Business Lending Fund to provide capital to community banks to increase lending to small businesses…