latimes.com - 1/30/2009
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And it's not over yet. Today, the Commerce Department is scheduled to release its initial estimate of the U.S. gross domestic product -- the value of all goods and services produced by the economy -- for the fourth quarter of 2008. The report will essentially wrap into one sobering number all ...
latimes.com - 1/23/2009
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latimes.com —
I'm a pollster and political consultant associated with
Republican causes: the Contract with America, the "death tax"...
and, of course, ending wasteful Washington spending. So why am I behind the new stimulus legislation -- the biggest spending bill ...
(more)
Infrastructure: It's Job 1 to Americans - Los Angeles Times
latimes.com - 1/30/2009
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latimes.com —
Reporting from San Francisco and Washington -- Donald
Manzullo, a House Republican from Illinois, has proposed a...
$5,000 voucher for anyone buying a new car. Kentucky's Mitch McConnell, the Senate GOP leader, favors a temporary suspension of the ...
(more)
Republicans lack a party line on economy - Los Angeles Times
latimes.com - 1/26/2009
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latimes.com —
Reporting from Washington -- Republicans signaled Sunday that
they would not be daunted by President Obama's soaring...
approval ratings, criticizing his proposed $825-billion economic stimulus plan, his strategy for closing the prison at Guantanamo Bay, ...
(more)
Republicans step up criticism of Obama - Los Angeles Times
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Q4 GDP Forecasts: Consensus 5.4% Decline
Calculated Risk —
As a late night thread, here are some forecasts for Q4 GDP. From the LA Times: Economy is going from bad to worse, reports show Many economists think the economic output declined in the fourth quarter at an annual rate of 5% or more -- which would make it the worst quarter for the U.S. economy since 1982. "It will be bad," said Nigel Gault, chief U.S. economist at IHS Global Insight, a forecasting firm in Lexington, Mass. He estimated that the economy shrank at a 5.3% annual rate in the three months that ended Dec. 31. ... "It's going to confirm ...
The Winter of Our Economic Discontent
Firedoglake —
... Risk says consensus predictions are a 5.4% drop in GDP for the last quarter. Numbers are due today. There's a lot of money in short-selling in this market, so I'm always suspicious of analyst motive: how can you tell self-interest driven analysis from honesty? But it still looks bleak. Bloomberg says economy tanked faster than any time since 1982. Ouch.
-- The spot of good news? The Senate passed SCHIP last night. Boo yah!
-- Via LATimes: ...
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The union way up - Los Angeles Times
latimes.com 1/26/2009 — At the center of this virtuous circle were unions. In 1955, more than a third of working Americans belonged to one. Unions gave them the bargaining leverage they needed to get the paychecks that kept the economy going. So many Americans were ...
New political era? Same as the old one - Los Angeles Times
latimes.com 1/29/2009 — Reporting from Washington -- Democrats talked about the jobs to come from modernizing the electric grid, weatherizing homes, and repairing roads and bridges. Republicans too had ideas for reviving the economy, focusing on tax cuts and carefully ...
The union way up - Los Angeles Times
latimes.com 1/26/2009 — At the center of this virtuous circle were unions. In 1955, more than a third of working Americans belonged to one. Unions gave them the bargaining leverage they needed to get the paychecks that kept the economy going. So many Americans were ...
Obama the centrist? - Los Angeles Times
latimes.com 1/30/2009 — Point: Hugh Hewitt Our back-and-forth has been fun as they always are, Susan (to readers: professor Estrich and I have debated in a variety of college and other public settings, and she once rose to my defense in front of an angry crowd of very lefty ...
U.S. economy may sputter for years - Los Angeles Times
latimes.com 1/19/2009 — The sleek racing machine that was the U.S. economy is unlikely to return any time soon despite the huge repair efforts now underway. Instead, it probably will continue to sputter and threaten to stall for years to come. The prospects are so gloomy, ...
First 100 Days: The financial rescue —
First Read 2/2/2009
The New York Times takes a look at the difficulty of valuing the bad assets. "Administration and Congressional officials say it will give the government flexibility to buy some bad assets and guarantee others in an effort to have a broad impact ...
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