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    Economics / consumption, imports, jobs, profits, recession, recovery, stimulus, unemployment, wages /

    Our Jobs Conundrum

    January 7, 2011

    There are always two things we look for first in the monthly payroll release: the change in the number of jobs, and the change in the unemployment rate. Since these two statistics are derived from different sources they can sometimes contradict each other. Very often they simply move to a different rhythm. Today is one […]

    Economics / capitalism, Obama, Plutonomy /

    The Democratic Problem: Plutonomy

    January 6, 2011

    One of my deepest frustrations with Obama is that he simply has no connection with everyday people. He seems unwilling or unable to get hold of popular measures and make them his own. In part I blame his technocratic attitude and experience, and in part I blame his team. Indeed the problem of his team […]

    Economics / deficits, fiscal policy, health care, Obama, recession /

    The Republican Problem: Reality

    January 6, 2011

    Having made all sorts of promises, some specious, some serious, the GOP is finally on the clock. It has to do something rather than object. First up, apart from the ridiculous reading of the constitution on the floor of the House, is a move to repeal the health care reform passed so agonizingly last year. […]

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