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Category: Economy

The Middle Class

Flat Wages, the Middle Class in Retreat—Is It Time for Basic Income?

by Steven Pressman | Nov 12, 2018 | Economy, Politics

President Trump and Republicans in general have been touting the low U.S. unemployment rate, which now sits at 3.7 percent. This is close to what economists regard as full employment, or the best the U.S. economy can reasonably be expected to do. What this number doesn’t tell us, however, is what kind of jobs people […]

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Trump's Unwinnable Trade War

Trump’s Trade War: An Unwinnable Folly

by Steven Pressman | Sep 3, 2018 | Economy, Foreign Policy, Politics

During his volatile presidential campaign, Donald Trump griped about the U.S. trade deficit and criticized U.S. trade agreements. He called the North American Free Trade Agreement “the worst trade deal the U.S. has ever made.” NAFTA reduced trade barriers (especially tariffs) between Canada, Mexico, and the United States. He opposed the Trans-Pacific Partnership, an attempt […]

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In this Month’s Issue: August 2018

by | Aug 1, 2018 | Economy, Foreign Policy, Politics

French Lessons on How to Grow the Middle Class By Steven Pressman As the campaign season enters its final stages, torrents of empty rhetoric and wasted column inches are being devoted to the fate of American middle-class families. Proposals ranging from health saving accounts, student debt forgiveness, even guaranteed minimum income plans have been advanced as […]

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Fat Cat

Cue the Violins, Trump Rushes in to Rescue ‘Overtaxed’ Corporations

by Sarah Anderson | Nov 3, 2017 | Economy, Politics

Without a single major legislative victory under his belt, President Trump is hoping to break his Capitol Hill losing streak with a win on tax cuts. At rallies around the country, he’s pitched his tax plan with tremendous passion, particularly when bemoaning the plight of overburdened corporations. “Our high business tax is nothing more than […]

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Reaganomics Redux, But Worse

by Jeff Madrick | Jun 5, 2017 | Economy, Politics

The tax cut proposals first announced by President Donald Trump this April are, simply put, a fraud. They are about greed and politics, not economic growth or true tax reform. The policy has been proved wrong twice already. As a broadly faithful rerun of the Reaganomics of the early 1980s, Trump’s policies, should they be […]

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Bloom Capture

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