Bush Ready to Stimulate America

Staff / Truthdig Apr 26, 2008 President Bush announced that rebate checks will start winging their way to taxpayers as early as Monday, helpfully observing that Americans need a little help paying for necessities like groceries and gas during this economic "slowdown" -- a slightly different story from his initial justification for this economic stimulus plan, and one that wasn't lost on his critics. Dig deeper ( 1 Min. Read )

McCain Piles On in ‘Bitter’ War of Words

Staff / Truthdig Apr 15, 2008 John McCain joined Hillary Clinton in critiquing Barack Obama's characterization of small-town Pennsylvania's (and by extension, perhaps, America's) "bitter" outlook, telling a crowd of magazine and newspaper editors on Monday that Obama's description represented "a contradiction from what I believe America is all about." Dig deeper ( 2 Min. Read )

It Ain’t Argentina This Time

Staff / Truthdig Apr 9, 2008 The International Monetary Fund, the darling lending institution of neoliberal capitalists, believes that the US's current mortgage crisis is dragging down the world economy The IMF is predicting at least a two-year global economic downturn, led by the U credit crunch, that also has a gambling chance of turning into a "global recession". Dig deeper ( 1 Min. Read )

The Next Great Depression?

Staff / Truthdig Apr 1, 2008 It's looking that way for a growing number of Americans. Record home foreclosures, escalating unemployment and price hikes are hitting them in the gut, creating a record number -- 28 million -- who are in need of food stamps to feed themselves and their families. Dig deeper ( 1 Min. Read )

Shrinking Payrolls Worry Economists

Staff / Truthdig Mar 20, 2008 A sharp jump in the number of Americans filing for unemployment has brought the four-week average to its highest level since the aftermath of Hurricane Katrina. Last week, 378,000 new claims were filed. Roughly 2.8 million workers currently receive unemployment benefits. Dig deeper ( 1 Min. Read )

The Race to Captain a Sinking Ship

Eugene Robinson / Truthdig Mar 18, 2008 The Democratic presidential candidates squabble over real or imagined racial sensitivities, the Republican presidential candidate stages photo opportunities with the troops in Iraq, and meanwhile the financial system is coming apart at the seams. Dig deeper ( 3 Min. Read )

Be Careful What You Wish For

E.J. Dionne Jr. / Truthdig Mar 18, 2008 Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries, and how government should keep its hands off the private economy. Dig deeper ( 3 Min. Read )

Remembering What Nixon Learned

David Sirota / Truthdig Mar 14, 2008 In 1958, the GOP took a shellacking after the vice president used an anti-worker scheme in trying to win votes for his party. Now, right-wingers are resurrecting that failed strategy in Colorado, a key "swing" state. Dig deeper ( 3 Min. Read )

Recession? What Recession?

Staff / Truthdig Mar 8, 2008 President George W. Bush has often invited comparisons to Mad magazine antihero Alfred E. Neuman, and his latest comments regarding a potential recession in the U.S. aren't helping him shake the "What, me worry?" tag line anytime soon. Dig deeper ( 1 Min. Read )

U.S. Job Loss Highest in 5 Years

Staff / Truthdig Mar 7, 2008 The short month of February was long on economic problems, as 63,000 U.S. jobs were lost over the 29 days. In other words, for those betting that a recession isn't around the corner, the outlook is dim. Dig deeper ( 1 Min. Read )

Slowdown

Mike Luckovich / Truthdig Mar 3, 2008 Dig deeper

Fed Forecasts Slow Growth in 2008

Staff / Truthdig Feb 21, 2008 Officials at the Federal Reserve are running out of creative ways to stave off a recession and expect the U.S. economy to slow to a crawl in 2008, with a growth rate of only 1.3 to 2 percent over the year. Dig deeper ( 1 Min. Read )