User: newstrust Topic: US Economy
Category: Jobs
Last updated: Oct 19 2018 15:29 IST RSS 2.0
 
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Work Requirements Seep into Policy, the Evidence Be Damned 19.10.2018 American Prospect
(AP Photo/Jacquelyn Martin) House Majority Leader Kevin McCarthy, House Speaker Paul Ryan, and House Majority Whip Steve Scalise on September 13, 2018 trickle-downers.jpg On Tuesday, Senate Majority Leader Mitch McConnell revealed what many had already predicted: Republicans would place blame for the deficit, which was ballooned by the $1.5 trillion Republican tax cut of 2017, on public assistance programs. McConnell told Bloomberg News that the deficit is “very disturbing, and it’s driven by the three entitlement programs that are very popular—Medicare, Social Security, and Medicaid.” Indeed, conservatives are already putting forth policies to trim social programs, even as they are expanding work requirements to keep millions of low-income Americans from receiving assistance, and appointing people to administer such programs who have histories of mutilating them. In their zeal to impose work requirements, they are serenely undaunted by the vast body of research that shows such requirements are ...
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Trump’s former chief economic advisor says his trade war is destroying the economy 18.10.2018 Raw Story

Gary Cohn, President Trump’s former chief economic advisor, told CNBC on Thursday that the president’s trade war with China was killing the United States’ service economy. Cohn noted that 80% of the United States’ GDP and job creation is in that service economy. “When y...

The post Trump’s former chief economic advisor says his trade war is destroying the economy appeared first on Raw Story.

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JPMorgan: There’s a 60 percent chance of a recession in 2020 — just in time for Trump’s reelection 18.10.2018 Raw Story

President Donald Trump loves crowing about the strong economy he’s overseeing — but will that boomerang back on him in just two years? Bloomberg reports that a model used by investment firm JPMorgan to predict economic conditions is now saying there is a 60 percent chance of a recession ...

The post JPMorgan: There’s a 60 percent chance of a recession in 2020 — just in time for Trump’s reelection appeared first on Raw Story.

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Federal Budget Deficit Heads Back Up Under Republican Rule 18.10.2018 Outside the Beltway
Nearly two years into Republican control of Washington, the budget deficit is headed back up.
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Climate change isn't just an environmental issue anymore 18.10.2018 Minnesota Public Radio: Politics
"You can no longer separate climate into a distinct public policy issue," says one climate scientist. "It is about the economy, it's about jobs, the future."
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Kansas Republicans come out against Kris Kobach after he blames economy on poor people 18.10.2018 Raw Story

Embattled Republican Secretary of State Kris Kobach is facing erosion of support within his own party during his bid to be Governor of Kansas. Kobach, who has received national attention for his debunked effort to prove his allegations of voter fraud by Democrats, has been within a single point of h...

The post Kansas Republicans come out against Kris Kobach after he blames economy on poor people appeared first on Raw Story.

Despite Trump criticism, Fed policymakers see need for more rate hikes 18.10.2018 Raw Story

Despite sharp criticism from U.S. President Donald Trump for raising interest rates, Federal Reserve policymakers remain generally united on the need to raise borrowing costs further, according to minutes from their most recent policy meeting. Every policymaker backed the Fed’s September rate increa...

The post Despite Trump criticism, Fed policymakers see need for more rate hikes appeared first on Raw Story.

Minnesota voter guide: Where the 6th District candidates stand on the issues 17.10.2018 Minnesota Public Radio: Politics
Incumbent Republican U.S. Rep. Tom Emmer is campaigning for re-election in Minnesota's 6th Congressional District, with Democrat Ian Todd aiming to flip the district for the DFL. Here are the candidates' positions on major issues.
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Larry Kudlow's Uses 'Confidence Fairy' To Explain Deficit 17.10.2018 Crooks Liars
Fox Business' Stuart Varney couldn't get a straight answer from Trump's economic advisor as to why the deficit is exploding, and wages aren't rising enough with economic growth and Trump's tax cuts. Larry Kudlow joined Stuart on Varney & Co., to discuss the nation's economy. After doing his usual rah-rah cheer-leading nonsense, Kudlow couldn't answer why things are not working out for the American people as Team Quantitative Easing promised. Varney pointed out that wages are barely rising for Americans in this economic boom. Kudlow, "That's the incentive..." Varney, "Wages have to rise to pull people out of early retirement --" Varney, "But when are we going to see it? Kudlow replied, "Wages are rising..." Varney, "No that much above inflation." Kudlow tried to muddy his questions by saying, "There are different measures of wages -- running about a percentage point above inflation." He's agreeing with Varney without admitting it and then veered off into employment records, Ronald Reagan and the ...
Minnesota voter guide: Where the 7th District candidates stand on the issues 16.10.2018 Minnesota Public Radio: Politics
For the second time, incumbent Democrat Rep. Collin Peterson will face off with Republican candidate Dave Hughes for the 7th District seat.
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Federal deficit jumps 17 percent as tax cuts eat into government revenue 16.10.2018 Minnesota Public Radio: News
The federal deficit ballooned to $779 billion in the fiscal year just ended — a remarkable tide of red ink for a country not mired in recession or war.
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Minnesota voter guide: Where the 4th District candidates stand on the issues 16.10.2018 Minnesota Public Radio: Politics
Democrat Rep. Betty McCollum, who's been in Congress for 18 years, faces the same challengers she did in 2016: Republican Greg Ryan and Susan Pendergast Sindt with the Legal Marijuana Now party. Here's where they stand on the issues.
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Will Trump’s Policies Wreak Havoc on the US and Global Economies? 16.10.2018 Truthout.com
Economics professor Gerald Epstein explains why Trump's economic policies will ultimately be extremely disruptive.

The post Will Trump’s Policies Wreak Havoc on the US and Global Economies? appeared first on Truthout.

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Arms and influence in the Khashoggi affair 16.10.2018 Raw Story

President Donald Trump’s reaction to the disappearance and death of Saudi journalist Jamal Khashoggi in Istanbul reveals important details about the declining influence of U.S. in the Middle East. As a scholar who follows the links between international and domestic politics in the Middle East, it i...

The post Arms and influence in the Khashoggi affair appeared first on Raw Story.

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The Truth About the Trump Economy 16.10.2018 American Prospect
AP Photo/Andrew Harnik President Donald Trump speaks at a rally at Alumni Coliseum in Richmond, Kentucky. I keep hearing that although Trump is a scoundrel or worse, at least he’s presiding over a great economy.  As White House economic adviser Larry Kudlow recently put it, “The single biggest story this year is an economic boom that is durable and lasting.” Really? Look closely at the living standards of most Americans, and you get a very different picture.  Yes, the stock market has boomed since Trump became president. But it’s looking increasingly wobbly as Trump’s trade wars take a toll.  Over 80 percent of the stock market is owned by the richest 10 percent of Americans anyway, so most Americans never got much out of Trump’s market boom to begin with.   The trade wars are about to take a toll on ordinary workers. Trump’s steel tariffs have cost Ford $1 billion so far, for example, forcing the automaker to plan mass layoffs.   What about economic growth? Data from the Commerce Department shows the ...
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Microsoft Co-Founder Paul Allen Dies At 65 16.10.2018 Outside the Beltway
One of the people most responsible for the personal computer revolution has passed away at the far-too-young age of 65.
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Most Americans don’t live in the ‘boom’ economy Trump and Kudlow have created 16.10.2018 Raw Story

Instead of an “economic boom,” most Americans are experiencing declines in all dimensions of their lives....

The post Most Americans don’t live in the ‘boom’ economy Trump and Kudlow have created appeared first on Raw Story.

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Who'll replace Franken? Minn. special Senate race voter guide 16.10.2018 Minnesota Public Radio: Law & Justice
Democrat Sen. Tina Smith, appointed to fill Al Franken's vacated seat, is facing a challenge from Republican Karin Housley and two minor party candidates.
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Trump’s Trade Chickens Coming Home To Roost 15.10.2018 Outside the Beltway
After nearly a year, Trump's trade policies are having their inevitable negative impact inside the United States.
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Beyond the Non-Profit Industrial Complex 13.10.2018 Truthout.com
Some nonprofit organizations are shockingly bad actors, while others do laudable work. But they all share a limitation.

The post Beyond the Non-Profit Industrial Complex appeared first on Truthout.

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