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EconomicRecovery
Opinion: Obama's Jobs Problem
By Marty Robins - AOL News(July 16) -- President Barack Obama invited Bill Clinton and Warren Buffett to the White House this week for some advice on how to kick-start the economy's jobs machine -- something that the $787 billion stimulus package passed last year was supposed to achieve. But Obama doesn't need to go around seeking advice from ex-presidents or wise investors. The answers are pretty straightforward. In his recent Newsweek column, Fareed Zakaria talks about how "economic uncertainty" is "the primary cause of their caution." Mentioned only in passing, though, is how administration policies are ...
For Obama, Democrats and Republicans, Focus on Jobs Is Not Job 1
By Jill Lawrence - Politics DailyWith 290,000 new jobs created last month, the economic recovery can no longer be described as jobless. Yet more than 15 million Americans still don't have jobs. How do you send a "we care" message under these circumstances? From Capitol Hill to the White House, nobody in either party is doing very well at it. President Barack Obama's visit to a Buffalo factory this week, one of his occasional high-visibility dips into the jobs issue, is striking because jobs are so seldom front and center in the national discussion these days. The word "jobs" hasn't appeared in the title of a weekly ...
US Recovering Faster Than Economic Rivals, IMF Says
By Joseph Schuman - AOL News(April 21) -- Thanks in part to an injection of government stimulus money, the ailing U.S. economy is rebounding from the financial crisis more strongly than Europe and Japan, according to the International Monetary Fund, which also predicts the world as a whole is mending faster than it thought just three months ago. The IMF now forecasts that the U.S. economy will grow by 3.1 percent this year, the euro zone will expand by 1 percent and Japan will grow by 1.9 percent. Such growth predictions for industrialized countries still pale in comparison with the expected growth of 10 percent in ...
Bernanke Sees Moderate Rebound, Slow Job Growth
By not in system - AOL News(April 14) -- Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday that a host of indicators show the U.S. economic recovery began in the second half of last year, but joblessness will grind on for some time. ...
Top Economists Say Recovery is 'Firmly on Track'
By David Sessions - Politics DailyTop forecasters are encouraged by the U.S. economy, according to a new survey of 48 economists by the National Association for Business Economics, CNN Money reports. The group predicted that the economy will grow 3.1 percent in 2010 and 2011 -- just slightly lower than their prediction in November. Corporate earnings will grow 15 percent, spurring hiring and eventually driving household spending. "Businesses are in position to take up some of the slack because of rebounding profits," said the association's president, Lynn Reaser. "Our economists believe improvement in sales and profits will ...
Opinion: The Middle Class Still Has It Pretty Good
By not in system - AOL News(Feb. 3) -- In the run-up to the release of his new budget, President Barack Obama painted a dire picture of the middle class. It has, he said, "been under assault for a long time ... barely able to stay afloat despite working harder and harder for less, [with health care] premiums that were doubling, tuition fees that were rising almost as fast, savings being used up, retirements put off, dreams put on hold. That was all before the middle class got pounded by the full fury of the worst economic crisis since the Great Depression." And many of the president's budget plans are aimed at easing ...
Economy Surged Upward in Final Quarter of 2009
By David Sessions - Politics DailyThe U.S. economy grew sharply at the end of 2009, posting its best quarterly numbers in six years, the Washington Post reports. The country's gross domestic product grew 5.7 percent, more than a percentage point beyond what forecasters expected, providing the strongest evidence yet that the recession ended last year. The GDP's growth got a significant boost from a steep drop in the pace that businesses were cutting back their inventories, however, a factor that is unlikely to provide a similar lift in coming months. That could result in lower quarterly GDP numbers throughout 2010, which will ...
Chaos Theory - Obama's State of the Jungian
By Robert and Donna Trussell - Politics Daily...
Opinion: The Way Forward on the Economy
By not in system - AOL News(Jan. 25) – In his new book, "Freefall: America, Free Markets and the Sinking of the World Economy," Nobel Prize-winning economist Joseph E. Stiglitz takes to task the banks, their regulators, and the Bush and Obama administrations for failing to see the financial crisis coming, and then doing too little to avert it. Several steps could be taken to help our ailing financial system – and the people it affects – if the powers decide to do so. In an excerpt from his book, Professor Stiglitz explains what those should be and how they would help. Dan Deitch Economist and author ...
Recovery Not as Strong as Previously Thought
By not in system - AOL NewsWASHINGTON (Dec. 22) -- The economy grew at a 2.2 percent pace in the third quarter, as the recovery got off to a weaker start than previously thought. But all signs suggest the economy will end the year on stronger footing. The Commerce Department's new reading on gross domestic product for the July-to-September quarter was slower than the 2.8 percent growth rate estimated a month ago. Economists had predicted this figure would remain the same in the final estimate of the quarter's GDP - the value of all goods and services produced in the United States. The main factors behind the downgrade ...
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