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.

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Showing entries for Category: Economy

'I'm going to miss those granite countertops'

Add a Comment

November 26, 12:33 PM

by Jay McDonough, Progressive Politics Examiner

An amazing video. He even mentions Peter Schiff

(h/t The Daily Dish)

Topics: Economy , Parody

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The U.S. corporate tax mythology

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November 14, 1:59 PM

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

How about some tough love for Detroit?

4 comments

November 12, 2:57 PM

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

Joseph Stiglitz offers some advice to Barack Obama

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November 10, 9:10 AM

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

Obama should go for it

5 comments

November 9, 4:49 PM

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

We need some effective stimulation

1 comment

October 28, 8:43 AM

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

Credit card defaults are the next shoe to drop

1 comment

October 22, 9:29 AM

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

New Obama economic measures

1 comment

October 13, 1:59 PM

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

One more time; it wasn't Fannie and Freddie

1 comment

October 12, 10:20 AM

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

It continues to be all about credit

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October 6, 5:25 PM

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