‘It’s over.  We’re done.  There will be no deal.’ ~Jim Cramer  Jim Cramer is convinced the country is going to go over the fiscal cliff where every American will see their taxes raised and major spending cuts take affect on January 1st which will lead to tens of thousands of layoffs nearly immediately.  Cramer things [...]

In 2011 – two economists - Nobel laureate Peter Diamond at MIT and Emmanuel Saez at Berkeley – wrote a paper making the case for a progressive tax code i.e. higher incomes pay higher taxes and lower incomes pay lower taxes.  They argued against zero rates for capital gains and higher marginal rates for the very [...]

President Obama’s proposal for $25 billion in tax credits for businesses that hire more people was included in his 2013 budget request which Congress has to agree on.  He is now amping up the pressure to include these tax cuts for businesses in the upcoming fiscal cliff negotiations.  The upcoming fiscal cliff negotiations are going [...]

Just remember when you read this – Congress could stop this overnight.  It’s a huge deal and is at the core of how the 1% and corporations evade taxes and how criminal and terrorist organizations are funded.  The notion that a person can’t open a bank account without showing a picture ID but a criminals [...]

“Overall, the improving tone in the economic data is recent weeks is consistent with the emerging picture of better momentum in the economic recovery.  And even though the pace of growth will likely remain subdued, activity should pick-up more meaningfully in the second half of next year after the current uncertainties are lifted.” ~Millan Mulraine, [...]

Romney’s position on the auto bailout moved from “if you do it – it’s going to be a disaster” to “I’ll take credit for the fact the auto industry” to the false claim that Chrysler is moving it’s Jeep manufacturing to China.  Romney has been subjugated to telling voters – I would have done a [...]

If you don’t know who Grover Norquist is then you really need to pay more attention to politics.  Grover Norquist is the guy who said he wants government so small that he could “drown it in a bathtub”.  His absolute #1 focus is cutting taxes.  That’s it.  That’s his entire raison d’etre.  I’m not saying [...]

This is a chart highlighting the GDP growth of the U.S. economy from the start of the recession in December of 2007 to the end of September 2012.  The economy beat expectations and hit 2% GDP growth in the third quarter of 2012 fueled by consumer spending, autos and housing.  The report isn’t AWESOME but [...]

Romney economic adviser and American Enterprise Institute Senior Fellow Kevin Hassett wrote an op-ed in the Wall Street Journal criticizing those concerned with the growing gap between the rich and the poor because many low income households own basic appliances, such as microwaves. Today we hear that the gains from economic growth accrue to the [...]

I’ve already written about the huge improvements we’re seeing in the economy HERE.  Some critics of IACWE challenge my unabashed support for President Obama and his policies …. but I only agree with (many of them but not all) because I am actually paying attention to what’s happening.  The economy has made HUGE gains under [...]