Posts Tagged: economics

A Different Kind of Economic “Bubble”

A Different Kind of Economic “Bubble” by Sheila Kennedy. Some interesting points Sheila makes in her class, based on the book “The Price of Inequality: How Today’s Divided Society Endangers Our Future” by Joseph Stiglitz on how the 1% rig the economic system to continuously give themselves an advantage: According to Stiglitz, the vaunted American

Read on »

Open Letter to that 53% Guy

Max Udargo on the Daily Kos delivers a great response to to the guy calling people whiners for not working 70 hours a week, and telling people to “suck it up” and stop blaming Wall Street. Read the whole response, because it’s worth it. But this particular bit stuck out to me (emphasis mine): Here’s

Read on »

Indiana under George Bush

Source: DNC Research Read more in this downloadable file about Indiana stats under the Bush administration. 47,380 more Indiana workers have become unemployed since Bush took office. 26,900 of Indiana workers have lost their unemployment benefits since january 2004. 69,800 Indiana manufacturing jobs lost since Bush took office. 46 percent of Indiana taxpayers will receive

Read on »

Gay People Blamed for Enron

And if it’s not enough that the right-wing nutjobs are trying to kill us and attempting to steal our children away, now they are blaming gay people for the fall of Enron Corporation. Enron was YOU GUYS. Republicans. With all your deregulation, and your corporate welfare, and tax breaks for the rich, and thwarting campaign

Read on »

Economics and Republican fantasy

I’ve said it before, but let me repeat it: There is a finite amount of money. I’m not a communist… I love capitalism. But reality prompts me to point out that we don’t have unlimited amounts of cash. If we increase our spending at the same time we cut taxes, we’re going to wind up

Read on »

The Rich and Taxes

Excellent quote from Salon: I am speaking here semi-professionally, as an economics professor (currently at Purdue, but I taught at the University of Chicago for five years, so my conservative bona fides are in order). It is not the case that the rich pay an overwhelming portion of taxes. They pay an overwhelming portion of

Read on »