Category: Economy
Four Ways Biden and the Democrats Can Spur Real Economic Justice
by Dennis Parker | Mar 11, 2021 | Economy, OpinionRampant economic inequality in the United States demands structural solutions centered on racial justice. Income inequality and unequal access to jobs, health care, and benefits disproportionately harm Black, Indigenous, and people of color. Racial inequity in wages already costs the U.S. economy about $2.3 trillion per year. President Biden has stated his administration will prioritize […]
Keynes to Democrats: Major Government Infusions Needed to Rescue this Economy
by Steven Pressman | Feb 2, 2021 | Coronavirus, EconomyDeveloped by John Maynard Keynes during the Great Depression, Keynesian economics provides a blueprint for combating economic stagnation and helping people survive difficult economic times. It advocates government spending programs and tax cuts for the poor and middle class, aiding those in greatest need. Spending by the masses would then generate economic growth and more […]
Trump Economics Embrace Usual Fare of Tax Cuts for the Wealthy and False Promises to the Middle Class
by Steven Pressman | Sep 18, 2020 | Economy, PoliticsTwo numbers reveal everything you need to know about the U.S. economy over the past two decades. Between 1999 and 2018, the S&P 500 grew 6 percent annually, after accounting for dividends (2 percent annual gain) and inflation (2 percent annual loss). Stock prices more than doubled in value over this time period. Wall Street […]
Under Cover of Covid, Republicans Will Come After Social Security as They Have Done Repeatedly Before
by Steven Pressman | Aug 18, 2020 | Coronavirus, EconomyWith Covid-19 and Black Lives Matter foremost on everyone’s mind, it is unlikely that Social Security will play a prominent role in the 2020 election. Joe Biden and the Democrats should try to ensure it does. Focusing on Social Security works to their advantage. One reason Donald Trump won the 2016 election was that he […]
Great Depression II or Great Federal Debt
by Steven Pressman | May 19, 2020 | Coronavirus, EconomyThinking several steps ahead prepares us for the future; not doing so invites failure. The inability to think ahead has turned a global health crisis into an economic crisis for the United States and a political crisis for President Trump. Currently (early May), it is hard to know when the U.S. economy can safely reopen […]