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The economy is doing “terribly” and may not even reach 2% growth this year, warns economist Martin Feldstein. Bond-buying from the Fed won’t revive the economy or spark any hiring, Feldstein says, its all about the fiscal outlook and tax reform. As long as people think their taxes are going up, they’re going to hold back on spending, and businesses are not going to hire.
From CNBC:
The economy is doing “terribly” and may [...]
Kurt Nimmo
Infowars.com
August 22, 2012
If elected, Mitt Romney’s team will make sure the Federal Reserve and Ben Bernanke finish the job of destroying the economy.
Glenn Hubbard, Romney’s economic adviser, told Reuters he would advise the Republican presidential candidate that Bernanke should “get every consideration” and stay at the helm of the private bankster owned Federal Reserve.
“Ben is a model technocrat. He gets paid nothing for getting kicked around all the time. I think [...]
From Economic Policy Journal:
In a remarkable op-ed in WSJ, Alan Blinder, professor of economics and public affairs at Princeton University, previously head of President Bill Clinton’s Council of Economic Advisors (January 1993 – June 1994), and Vice Chairman of the Board of Governors of the Federal Reserve System from June 1994 to January 1996, is calling for the Federal Reserve to charge banks if they continue to hold their funds as [...]
http://seattletimes.nwsource.com/html/nationworld/2001854367_bushecon10.html
The Seattle Times: Nation & World: Bush report: Sending jobs overseas helps U.S.
“WASHINGTON — The movement of American factory jobs and white-collar work to other countries is part of a positive transformation that will enrich the U.S. economy over time, even if it causes short-term pain and dislocation, the Bush administration said yesterday.
The embrace of foreign “outsourcing,” an accelerating trend that has contributed to U.S. job losses in recent years [...]
Visit msnbc.com for breaking news, world news, and news about the economy
By Inisde Job Director Charles Ferguson
Why economists are part of the problem
Both Glenn Hubbard and Laura Tyson have played major roles in American economic policy, and both also, unfortunately, exemplify the disturbing, opaque conflicts of interest that pervade the economics discipline.
Over the last thirty [...]
When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to [...]
When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to [...]
“Austan Goolsbee, head of the president’s Council of Economic Advisors, is returning to his University of Chicago post. His departure shakes up the White House team as the nation’s recovery sputters.”
http://www.latimes.com/news/nationworld/nation/la-na-0607-goolsbee-quitt…
http://seattletimes.nwsource.com/html/nationworld/2001854367_bushecon10.html
The Seattle Times: Nation & World: Bush report: Sending jobs overseas helps U.S.
“WASHINGTON — The movement of American factory jobs and white-collar work to other countries is part of a positive transformation that will enrich the U.S. economy over time, even if it causes short-term pain and dislocation, the Bush administration said yesterday.
The embrace of foreign “outsourcing,” an accelerating trend that has contributed to U.S. job losses in recent years [...]
“WASHINGTON — The movement of American factory jobs and white-collar work to other countries is part of a positive transformation that will enrich the U.S. economy over time, even if it causes short-term pain and dislocation, the Bush administration said yesterday.
The embrace of foreign “outsourcing,” an accelerating trend that has contributed to U.S. job losses in recent years and has become an issue in the 2004 elections, is contained in [...]
Sometimes truth arrives from the most unexpected sources. Christina Romer, President Obama’s former chair of the White House Council of Economic Advisors, said last week that she was dismayed at Washington’s lack of focus on jobs.
“I frankly don’t understand why policymakers aren’t more worried about the suffering of real families,” Romer said. “We need to realize that there is still a lot of devastation out there.” She [...]
http://seattletimes.nwsource.com/html/nationworld/2001854367_bushecon10.html
The Seattle Times: Nation & World: Bush report: Sending jobs overseas helps U.S.
“WASHINGTON — The movement of American factory jobs and white-collar work to other countries is part of a positive transformation that will enrich the U.S. economy over time, even if it causes short-term pain and dislocation, the Bush administration said yesterday.
The embrace of foreign “outsourcing,” an accelerating trend that has contributed to U.S. job losses in recent years [...]
http://seaÂttletimes.Ânwsource.cÂom/html/naÂtionworld/Â2001854367Â_bushecon1Â0.html
The Seattle Times: Nation & World: Bush report: Sending jobs overseas helps U.S.
“WASHINGTOÂÂN — The movement of American factory jobs and white-collÂÂar work to other countries is part of a positive transformaÂÂtion that will enrich the U.S. economy over time, even if it causes short-term pain and dislocatioÂÂn, the Bush administraÂÂtion said yesterday.
The embrace of foreign “outsourciÂÂng,” an acceleratiÂÂng trend that has contributeÂÂd to U.S. job losses in recent years [...]
http://seaÂttletimes.Ânwsource.cÂom/html/naÂtionworld/Â2001854367Â_bushecon1Â0.html
The Seattle Times: Nation & World: Bush report: Sending jobs overseas helps U.S.
“WASHINGTOÂN — The movement of American factory jobs and white-collÂar work to other countries is part of a positive transformaÂtion that will enrich the U.S. economy over time, even if it causes short-term pain and dislocatioÂn, the Bush administraÂtion said yesterday.
The embrace of foreign “outsourciÂng,” an acceleratiÂng trend that has contributeÂd to U.S. job losses in recent years [...]
By WSJ Staff
The following is the text of an open letter to Federal Reserve Chairman Ben Bernanke signed by several economists, along with investors and political strategists, most of them close to Republicans:
We believe the Federal Reserve’s large-scale asset purchase plan (so-called “quantitative easingâ€) should be reconsidered and discontinued. We do not believe such a plan is necessary or advisable under current circumstances. The planned asset purchases risk [...]
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