No political ideology in modern American history has failed as consistently, or for as long, as the Wall Street-friendly
Why has economic growth been so slow since the Great Recession? This is the question haunting many economists these days. Second quarter 2015 real GDP growth (after inflation) was just 2.3 percent six years after its end. This is better growth than any other developed economy, but still much too low for a sustainable recovery.
Mr. Steven Rattner demonstrates that he lives in an oil industry induced fantasy whose preachments have seduced the public, our government, our press in the misguided belief that the price we are paying for oil is a market derived price reflective of actual supply and demand. Nothing could be further from the truth.
You hear often that we "live in a global world now." It's inevitable -- a force of nature -- so don't fight it, they say. This is endlessly repeated, as if we weren't in a "global" world when the first camel crossed a border or the first sailing ship crossed a sea.
When you look under the hood of President Obama's auto bailout and take it for a test drive, you learn it's a lemon. Sorry, Mr. President. No sale.
China isn't our bogeyman and it isn't our savior. We need to stop seeing China through a distorting rear view mirror. It informs bad policy and feeds into the fashionable, but false, narrative of American decline.
PRESIDENT OBAMA started his general election campaign by taking aim at Mitt Romney’s job creation record at Bain, setting
The city of Detroit is still weak and gasping to avoid bankruptcy. In the event of a bankruptcy, the city's union contracts will be torn up, debts eliminated and renegotiated. It would be painful, just as it was for GM and Chrysler.
It's hard to believe that nearly four years into the worst Recession since the Second World War, while mired in a jobless recovery of unprecedented length and magnitude, we continue to hear that manufacturing jobs don't matter.