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Category: Economy

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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, Politics

Two 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 […]

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Social Security

Under Cover of Covid, Republicans Will Come After Social Security as They Have Done Repeatedly Before

by Steven Pressman | Aug 18, 2020 | Coronavirus, Economy

With 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 […]

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Great Depression II or Great Federal Debt

by Steven Pressman | May 19, 2020 | Coronavirus, Economy

Thinking 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 […]

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Donald Trump and Anthony Fauci

Covid-19 Presents a Unique Set of Economic Challenges to Policymakers

by Steven Pressman | Apr 30, 2020 | Coronavirus, Economy

As I write this, there have been more than 336,000 reported cases of the coronavirus in the United States, and over 9,600 have died from it. Some experts contend that, in the worst possible case scenario, the virus is capable of killing as many as three million Americans. What makes the coronavirus so deadly is […]

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College Debt

Debt Wrong: Dealing With College Costs and the College Debt Crisis

by Steven Pressman | Feb 12, 2020 | Economy

As the presidential race heats up, two contentious and related issues concerning higher education have begun to take center stage—whether to make tuition free and what to do about Americans drowning in college debt. The Democrats running for president have struggled mightily with these issues. Before we get to solutions, let’s review the problems. The […]

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