Tag Archives: Economic Recovery

Roger Baker : Is Capitalism in Deep Trouble?

Illustration by Latuff / Marxist.com. Before the fall?Terminal Capitalism / Part 2 We take a closer look at the role natural resource limits in combination with the excesses of unregulated finance capital are playing in blocking a global economic recovery. … Continue reading

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Ted McLaughlin : Recovery is a Myth For Most Americans

Chart from Reuters / ThinkProgress.For most Americans:The recovery is a myth By Ted McLaughlin / The Rag Blog / March 20, 2012 The Great Depression of the 1930’s has a lot in common with the current Great Recession, which poses … Continue reading

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Roger Baker : Playing ‘Peak-a-Boo’ With the Earth

Cartoon by Andrew Weldon / The Age / National Museum of Australia-Canberra.Coming soon:Peak oil, peak driving, peak cars Part I: Fuel prices and the global oil supply By Roger Baker / The Rag Blog / June 8, 2011 In recent … Continue reading

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Harry Targ : Did Obama Stimulus Save Kokomo, Indiana?

President Barack Obama and Vice President Joe Biden visit Chrysler Indiana Transmission Plant II in Kokomo, Indiana, on November 23, 2010. Photo by Brian Kersey / UPI.Recovery Act brings jobs to Kokomo:Obama in the conservative heartland By Harry Targ / … Continue reading

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Paul Beckett : Reprising Ford’s ‘Radical’ Tune

Fiddlin’ Henry Ford doubled workers’ wages. Image from FiddlingAround.Henry Ford on why thereisn’t going to be a recoveryBy Paul Beckett / The Rag Blog / November 22, 2010 Nicholas Kristof is concerned. The United States, he says, “now arguably has … Continue reading

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Marcy Winograd : We Need a Green New Deal

Image from Conservation Value Notes.It’s time to retool our economy:The United States needs a Green New Deal What if our engineers, now building weapons, could build solar cities instead? By Marcy Winograd / September 15, 2010 My talented young cousin … Continue reading

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Conservative Economics : Just Plain Loco

Cartoon by Daryl Cagle / MSNBC.Still trickling after all these years…The insanity of conservative economics By Ted McLaughlin / The Rag Blog / July 9, 2010 Like a bunch of lemmings following each other over a cliff to disaster, conservative … Continue reading

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Roger Baker on Austin’s Economy : Big Picture Not So Pretty?

Austin: as pretty as a picture. But what about the economy? Image from Nerd Fighters.Filling in the big picture:Wither Austin’s economy? By Roger Baker / The Rag Blog / June 9, 2010 The Bureau of Labor Statistics (BLS) just released … Continue reading

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Fearful Symmetry : A Tale of Two Presidents

Job losses under two presidents — December, 2007-January, 2010. Chart from Bureau of Labor Statistics / Speaker’s Office / TPM Documents.The red increase in job loss is the climax of Republican White House control. The blue decrease in job loss … Continue reading

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‘Trickle Down’ Folly : Cutting Taxes Doesn’t Create Jobs

The “trickle down” theory: how it works.How NOT to create jobs:Cut business taxes and lower wages? Money does not trickle down in a capitalist economy — it flows upward, and that has always been true. By Ted McLaughlin / The … Continue reading

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Fixing the Economy? Like Filling a Leaky Bucket

“Old tin bucket.” Photo by {JO} / Flickr.Bucket’s got a hole in it:Can we revive the U.S. economy? By Roger Baker / The Rag Blog / December 13, 2009 Is trying to fix the U.S. economy like trying to fill … Continue reading

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Economy and Unemployment : Real Recovery a Long Shot

Photo from OOlaah.comReal unemployment nears depression levels;Sustained recovery appears unlikely By Roger Baker / The Rag Blog / December 6, 2009 It should come as no big surprise that our economy is in worse shape than the U.S. government would … Continue reading

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