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Entries tagged with 'economy'Higher taxes + fewer services = our futureThe director of the Congressional Budget Office writes: I concluded the talk by emphasizing that fiscal policy is on an unsustainable path to an extent that cannot be solved by minor tinkering. The country faces a fundamental disconnect between the... Evaluating Barack ObamaAt the one-year mark since President Barack Obama's election, the results speak for themselves. I survived four years of the Jimmy Carter presidency and the second four years of George W. Bush, but I am prepared to make an early... On the deficit: Play news bigger ...Re: "$1.4 trillion deficit is worst in U.S. since '45 -- Large gap complicates stimulus plan of more spending, tax breaks," Saturday news story. For the fiscal year ending Sept. 30, we experienced the worst federal deficit since 1945. The... Is it always darkest ...a) before the dawn? or b) after they put the hood on your head, just before they take you out to shoot you? I ask because Jim Manzi writes against false optimism on the recovery, saying that the fundamentals are... Good luck to sad-eyed dogRe: "Economic crunch makes things rougher for pets -- Shelters, vets see more owner surrenders, skimping on care," Monday news story. Zack, the basset hound mix with loving eyes staring hopefully out of the photograph, wonders what he did wrong... Leading Questions for Sunday, 7/5/09Yes, it's that time again. Leading Questions brings you maybe a smile, maybe the inspiration to fire off your own letter to the editor. All week, we collect questions that either suggest an answer or are meant to make the... Economy's silver linings: Topic of the DayWhat positive fallout are you seeing amid the economic and employment uncertainty of 2009? I admit I'm looking hard for a silver lining in all the bad news that has hit home with so many of us. I found one... Gluttony is really growthRe: "Living large, minus all the gluttony -- How do we make pursuit of the American dream more satisfying, less selfish? asks Maureen Dowd," Thursday Viewpoints. Dowd's column is a fine example of her complete lack of understanding of how... Taxpayers stuck with the billRe: "Capitalism without capitalists -- Why does Geithner have to bribe investors to take risks? wonders Daniel Gross," Sunday Points. I wish I thought Daniel Gross was correct in suspecting that Wall Street has lost its nerve. It seems more... Will other culprits quit?Re: "U.S. behind the wheel -- Obama demands restructuring before GM, Chrysler receive more federal aid," Tuesday news story. OK, so the government has forced GM CEO Rick Wagoner to resign as a result of his company's financial woes --... Rage isn't helpfulThe New Yorker piece by Columbia Journalism School dean Nick Lemann on our Opinions webpage here is an excellent essay. It's worth a full read. But at the risk of spoiling the ending for some of you (stop here if... Who would get credit for fixing the housing market?Saw something on one of the morning news shows, Good Morning America I think, that was showing foreign investors coming to America and buying our foreclosed homes at auctions. Some weren't even coming here and doing it. They were just... Buying up toxic assets (Topic of the Day)The Obama administration released its plan this morning to buy up toxic assets. The idea is to launch a Public-Private Investment Program to buy, at first, $500 billion worth; some of that money comes from TARP, and a small amount... Sounding Off: What gives you hope? (Topic of the day)Here's our uplifting Sounding Off question to set the tone for the rest of your weekend: Everywhere you turn, there's bad economic news. But what gives you hope? People on our Sounding Off list offered varied evidence that, in the... When does this become Obama's economy? (Topic o' the day, real-life version)Elections, as they say, have consequences. For those who vote and for those who are voted in. Obama undoubtedly inherited a crumbling economy, so it wouldn't exactly be fair to expect him to have us driving (hybrid) Cadillacs again barely... A plan to save auto worker jobsOur president stresses new jobs, which is good. Why not protect the jobs of so many autoworkers and do something to stop the layoffs in this industry? My suggestion is to give a rebate on every vehicle manufactured in the... Today's great little Opinion HomeI must say that we have some delicious pieces up at Opinion Home today. The Big Story today is -- what else? -- about the economy. I think, though, the arguments between the economist Nouriel "Dr. Doom" Roubini, who says... One step closer to self sufficiency (Topic of the Day)We have a running feature of different ways to economize as our buying power continues to shrink, but I'd like to see what everyone is doing right now to ease the strain of their budgets. Perhaps there are some... Losing Pakistan to IslamistsThis is pretty shocking: the government in Islamabad has agreed to cede its authority in part of a contested territory -- i.e., it's agreed to let Islamic law rule to some degree over the territory. It's an attempt to appease... $500,000 = poverty wages?Pity the bailed-out banking execs who are forced to subsist on a measly half-mil. This New York Times article makes the semi-sarcastic argument that 500K just doesn't go very far in ultra-posh Manhattan. Sure, the salary cap that the Obama... |