“President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to “spend our way out of this recession” until more Americans are back at work…
To pay for the new programs, the administration is citing the Treasury Department’s...
Posted to
Economics
on 12-08-2009
Filed under: Media, Obama Administration, U.S. Government, U.S. Treasury Dept., Employment, Bailout, Congress, Politicians, Main Street, Financial Sector, Political Parties, Stimulus Package, Debt, banks, Barack Obama, TARP, Troubled Asset Relief Program, job creation, Crash Prophets, stimulus program, President Obama, Peter Schiff, national debt, federal debt, government stimulus, hiring, job program, bailout funds, job stimulus, TARP windfall
Calls are growing in Washington for the use of money from the Troubled Asset Relief Program to spur private-sector hiring. From Bloomberg’s Hans Nichols today:
In Washington earlier today, White House press secretary Robert Gibbs said the administration won’t seek a second economic stimulus like the...
Posted to
Economics
on 12-04-2009
Filed under: Obama Administration, U.S. Government, Employment, Bailout, stimulus, Congress, Politicians, Democrats, Political Parties, Stimulus Package, Debt, Barack Obama, TARP, Troubled Asset Relief Program, President Obama, second stimulus, Democratic Party, government stimulus, jobs legislation, private sector hiring, hiring, bailout money, jobs bill, TARP money
While I’ve talked about how “The Great Recession” has affected groups such as the Baby Boomers and college seniors, I haven’t really looked at Generations X (born roughly 1965-76) or Y (born roughly 1977-1998). Martha Irvine of the Associated Press talked about the approximately 51 million Gen Xers on...
Posted to
Economics
on 11-23-2009
Filed under: Recession, Economy, Employment, Unemployment, Retirement, Credit Cards, Debt, Wages, Baby Boomers, layoffs, Technology, Generation Y, Gen Y employees, job mobility, Gen Xers, career change, Gen X employees, Gen Y, Millennials, Gen X, Generation X, job change, Generation Y employees, credit card debt, Generation X employees
Anyone still think the American consumer is going to ride to the nation’s rescue, helping us spend our way out of the recession and financial crisis? Well, here’s some new data to chew on. From Reuters today:
Soaring U.S. unemployment and a shrinking economy drove delinquencies on credit card debt and...
Posted to
Economics
on 07-07-2009
Filed under: Recession, Housing, Delinquencies, Economy, Employment, Unemployment, Consumers, Credit, Credit Cards, Debt