Jay began writing politically themed commentary and founded his blog, Swimming Freestyle, in October 2007. Here he'll write about politics from a progressive perspective.
During the presidential campaign, John McCain often talked about the burden U.S. corporations bear as a result of federal tax policy. The Senator would claim U.S. corporate taxes were second only to Japan, and that placed American companies at... Read More Topics:
Economy ,
corporate tax rates
Following up on yesterday's post about the Big Three automakers and what, if any, lifeline should be tossed their way by Washington.... First, some background from a former assistant secretary of Energy during the Clinton years. Joseph Romm... Read More Topics:
Economy ,
Bailout ,
Big Three ,
automakers
Nobel Prize winning economist, Joseph Stiglitz, wrote a sobering column the other day in the Washington Post, outlining the risks and rewards for the new president in addressing the sagging economy. And like the emerging consensus, Mr. Stiglitz... Read More Topics:
Economy ,
Barack Obama ,
Joseph Stiglitz
No doubt relieved that Barack Obama, since his big victory on Tuesday, hasn't turned into the socialist heathen (or for some, the even worse Muslim), Americans now have an overwhelmingly favorable opinion of the president elect. Maybe it's relief,... Read More Topics:
Obama ,
Economy
As the economy continues to languish, a second stimulus package continues to be debated. Last week, I wrote about Reid Cramer's case the package should include both a short and longer term focus. It was reported today that consumer confidence... Read More Topics:
Economy
We all may have become slightly numbed watching the U.S. stock market bounce up and down every day, routinely jumping or falling in an hour what used to be considered a big daily swing, But the experts are still claiming the big issue, the problem... Read More Topics:
Economy
Barack Obama today outlined $60B in new tax breaks and other benefits to stimulate the lagging ecomony and provide middle class relief. The key points:A temporary tax credit for firms that create jobs in the U.S.Penalty-free 401(k) and IRA withdrawals... Read More Topics:
Economy
On the campaign trail, or at least the one being traveled by the Republicans, the current economic crisis is all about Fannie Mae and Freddie Mac. Fannie and Freddie are singled out because it fits the narrative; "Hey, this mess isn't our... Read More Topics:
Economy ,
Fannie Mae ,
Freddie Mac
Anyone else get a knot in their stomach watching the stock market today? The Dow was down 800 points during the day, eventually closing down nearly 370 points. Anyone hoping the market would respond favorably to the TARP (Troubled Asset Relief... Read More Topics:
Economy ,
Bailout