Watch Katie Porter Explain What’s Really Driving Inflation
During a House hearing this week, Katie Porter interviewed Mike Konczal, a director at the Roosevelt Institute, the progressive economic...
Category: Economy
Why is trickle-down economics still with us?
Within weeks of taking office, Britain’s new prime minister, Liz Truss, and her chancellor of the exchequer, Kwasi Kwarteng, proposed...
Progressives Rip Corporations for ‘Using Inflation as a Cover Story to Jack Up Prices’
In the wake of new federal data showing that U.S. inflation rose again in May after decelerating slightly the previous...
The Role Of Unions In Electrifying Everything
As a result of human economic activity, the planet confronts a climate emergency. Bold and conclusive solutions are required to...
Revealed: top US corporations raising prices on Americans even as profits surge
As inflation shot to a new peak in March, cost increases exacted a deep toll on the economy, eating into...
‘Incredible’: Covid Stimulus Funds Reduced Overall US Poverty in 2020
Despite the Covid-19 pandemic and ensuing spike in unemployment, poverty in the U.S. declined by roughly 2.6% from 2019 to...
Conservatives attack Biden’s economic agenda as ‘socialism’ — as they did with FDR and LBJ
Conservative economist Michael R. Strain, director of economic policy for the American Enterprise Institute, has been critical of President Joe Biden’s...
How Rural America Is Reaping Economic Development Benefits from the Growth of Renewables
Despite a turbulent start to the 2020s, an important and positive message for rural America is emerging in the decade...
Minivans at the Food Pantry: Meet America’s New Needy
LAKESIDE, Calif. — This is America: a family crammed in a minivan driving mile after mile across San Diego County,...
Anger grows at GOP over economic pain: ‘I blame Mitch McConnell the most’
With jobless Americans growing increasingly desperate and furious at congressional Republicans for skipping town for summer recess without approving Covid-19 relief, House Speaker Nancy...
Paul Krugman: Stocks are soaring. So is misery.
On Tuesday, the S&P 500 stock index hit a record high. The next day, Apple became the first U.S. company...
‘I don’t trust him’: How Trump abandoned workers when they needed him the most
Kenny Overstreet scrounges every penny—and even sells the eggs his chickens lay—to make ends meet after Packaging Corporation of America...
Paul Krugman debunks right-wing myths about the US Postal Service
When he isn’t writing his New York Times column, Paul Krugman often addresses economic matters on Twitter. The liberal economist,...
McConnell’s refusal to help states likely to hurt US economy and result in 4 million more job losses
During the coronavirus crisis, Senate Majority leader Mitch McConnell has stressed that he has no interest in “bailing out” blue...
‘A Homeless Pandemic’ Looms As 30 Million Are At Risk Of Eviction
Cruz Santos thought her life was finally turning around in early March when she found a job at a shoe...
Why the idea of jobless benefits scares the conservative mind
When Congress passed the CARES Act earlier this year, lawmakers gave some low-wage Americans who lost their jobs an income...
Virus Relief Bill Would Allow Mnuchin To Hand Out $500 Million ‘Slush Fund’ To Secret Corporations
The White House on Sunday reportedly refused to back down from its demand that a coronavirus relief package include $500...
Trump ‘described an imagined economic record and he pretended it was real’ during SOTU speech: fact checker
During his State of the Union address this Tuesday night, President Trump touted the strong economic winds currently blowing around...
Inequality in the Trump economy just keeps getting worse
Every month when the Bureau of Labor Statistics releases its monthly jobs report, Donald Trump and Republicans crow about the...
Budget office reveals ‘King of Debt’ Donald Trump is overseeing a skyrocketing deficit
Hold on to your knickers, folks, that federal deficit is hiking up quickly and “king of debt” Donald Trump wants more,...
Trump’s Rollback of Fuel Economy Standards Could Cost Americans $460 Billion
A new analysis from the nonprofit advocacy group Consumer Reports warns that American drivers could lose about $460 billion dollars in fuel...
Trump’s economy is great for billionaires, not for working people: Bernie Sanders
Donald Trump tells us the US economy is “absolutely booming”, the “strongest we’ve ever had” and “the greatest in the...
Cleantech Creates Far More US Jobs Than Dirty Energy Does
There’s a wildly incorrect claim that Republicans are more “pro-job” or “pro-economy” than Democrats. That’s absolutely not true… Read more…
Obama Greatness Proven By New Census Data Showing He Raised Incomes and Lowered Poverty
Incomes went up, poverty went down, and the number of people with health insurance increased during Barack Obama’s final year...
Donald Trump Resurrects Trickle Down Economics
Donald Trump loves the 1980s. After all, that was when his celebrity rose in New York, when Trump Tower was...
Obama Economy Slashes Poverty Rate
If such a large percentage of the American people weren’t plagued with willful ignorance and inherent stupidity, or an inability...
Middle Class Americans Just Got a Huge Income Boost
It looks like Americans finally got a raise. The U.S. Census Bureau on Tuesday released its annual report on income,...
Victory For Labor — D.C. Enacts $15 Minimum Wage
The growing Fight for 15 movement had a huge victory this week. Washington, D.C. passed legislation on Monday night that...
Elizabeth Warren labels Trump a ‘money-grubber’ who rooted against the American economy
lizabeth Warren unloaded on Donald Trump in a speech on Tuesday night, calling him a “money-grubber”, a tool of the...
Why the Critics of Bernienomics Are Wrong
Not day goes by, it seems, without the mainstream media bashing Bernie Sanders’s economic plan – quoting certain economists as...
How the United States Transformed Into a ‘Dual Economy’ and What Can Be Done
In the America of haves and have-nots, fewer folks are “movin’ on up” like George Jefferson of the classic sitcom....
Legacy of Failure: 9 of 12 States With Highest Unemployment Are Run By Republican Governors
New state unemployment statistics revealed that the fastest way to sink an economy is to vote for Republican candidates. According...
Paul Krugman: Republican Candidates’ Espouse Wacko, Ayn Rand-Inspired Economic Doctrine
Crackpot economic theories are now the norm in the Republican party, as we saw in Tuesday’s debate. Huge tax cuts...
Robert Reich: 3 Good Reasons You Should Dismiss Right-wing Economists
Congress is heading into another big brawl over the federal budget deficit, the national debt, and the debt ceiling. Republicans...
Delusional Jeb Bush Advocates Causing A Recession So ‘We Can Have Economic Prosperity’
It might be easy enough to believe Jeb Bush was simply coloring outside the lines of a “shrink government” philosophy...
Elizabeth Warren Exposes the Republican Trickle Down Con
Last week, Elizabeth Warren appeared on The Late Show with Stephen Colbert, where she hammered the Republicans’ refusal to give...
Bernie Sanders: Republican Obstruction Is Costing America 1.4 Million Jobs
Sen. Bernie Sanders is making Republicans squirm by pointing out that if the sequester is continued it will cost the...
Among America’s right-wing the laziness myth dies hard
Americans work longer hours than their counterparts in just about every other wealthy country; we are known, among those who...
The Game Is Rigged Against America’s Working Families
The referee might miss an occasional handball, but a soccer game isn’t rigged in favor of one group of players...
Obama slams GOP’s ‘bad ideas’ on economy
President Obama on Thursday harangued Republicans for their economic vision, arguing that their policies are outdated and will leave the...
Democratic Policies Spur Economic Growth in Minnesota
An annual CNBC scorecard that rates each state on 60 measures of competitiveness finds that Democratic run Minnesota is the...
More Evidence That Trickle Down Is Disastrous For Americans And The Economy
For most human beings, even idiots in America, there are just some things that are glaringly self-evident such as every...
Jamie Dimon and other too-big-to-fail bankers threaten America
Ed Kane, a professor of finance at Boston College and grantee at the Institute for New Economic Thinking, studies the...
