What 3 economists say about the state of the union
Three economists give their own assessments of the state of the union, as well as the president’s performance so far, ahead of the State of the Union Address on Feb. 5.
Author Archives: Steven Pressman
Stumped by the stock market slump? Start by picturing a used car dealership
Used car dealers buy old automobiles and resell them. Similarly, stock markets are places where someone sells their ownership in a company to a dealer, who then finds someone else to buy it.
Two economic policies likely to change with Democrats in control of House
Economic issues on which the election outcome will make a meaningful difference: trade and infrastructure.
New data paint an unpleasant picture of poverty in the U.S.
Child poverty has been relatively high in the U.S. since the late 1970s; for children in a female-headed household, the rate is near 50 percent.
Recent stock market sell-off foreshadows a new Great Recession
In early February, concerns about inflation and rising interest rates sent global financial markets into a frenzy, prompting the biggest single-day drop ever in the Dow Jones Industrial Average.
3 key quotes from Trump’s first State of the Union, explained
“It is time to rebuild our crumbling infrastructure … I am asking both parties to come together to give us the safe, fast, reliable and modern infrastructure our economy needs and our people deserve.”
GOP tax plan doubles down on policies that are crushing the middle class
President Donald Trump has portrayed the tax plan Congress is wrapping up as a boon for the middle class. The sad reality, however, is that it is more likely to be its final death knell.
‘Hot potato’ shows why workers won’t benefit from Trump’s corporate tax cut
Since the 1970s worker productivity has increased 74 percent, while average wages have risen only 12 percent. There is no reason to believe that tax cuts would all of a sudden generate greater corporate generosity for workers.
Tax ‘reform’ for the rich: Trump’s plan abandons his working-class supporters
He wants to repeal the estate tax, simplify the individual tax code and slash the rates corporations pay. Let’s consider each in turn.
What’s the deal with the debt ceiling? 5 questions answered
Just like the rest of us, governments must borrow when they spend more money than they receive.