There was more evidence Friday the recession is getting worse, a fact that President Obama and his economic team continued to confront. Columnists Mark Shields and David Brooks mull Mr. Obama’s approach. Continue reading
The Illinois state Senate officially removed Gov. Rod Blagojevich from office over the fallout from a corruption scandal and stocks fell sharply on another day of bleak economic news. Jim Lehrer recaps the day’s other news headlines. Continue reading
Question/Comment: Paul, please help me understand who is more correct when it comes to the multiplier as applied to tax cuts, versus increased government spending. Professor Greg Mankiw believes that the stimulus package should have more tax cuts, while Professor … Continue reading
What is the value of art in bad economic times? Brandeis University discovered an answer this week when its president, Jehuda Reinharz, announced plans to close the esteemed Rose Art Museum and sell its collection.
Question/Comment: It’s been said that money flows like water. In an economy with a labor pool as talented as America’s, wouldn’t it be a good time to regulate the market so that as money finds its way back into the … Continue reading
The Democratic-controlled House of Representatives passed President Barack Obama’s $819 billion economic stimulus package by a vote of 244-188 Wednesday, amid continuing signs of the U.S. economic downturn. Continue reading