Deflation Nation "This legacy of accumulated excesses lies across the American economy like a heavy wet blanket"
posted by thedailygrowl on Jun 20, 2003 - 6 comments

Drowning the government in a bathtub - "My goal is to cut government in half in twenty-five years, to get it down to the size where we can drown it in the bathtub." Thus spoke Grover Norquist, of Americans for Tax Reform. "The lunatics are now in charge of the asylum", quipped the conservative UK Financial Times. Hardly, says Paul Krugman. The strategy?: "Instead of challenging popular liberal programs directly, the Republicans are creating fiscal conditions that make those programs unsustainable." [lead post, Am. Prospect]. In other words, the 400 billion dollar deficit, coupled with the Bush tax cuts, is designed to shift the obligations of the Fed onto the States and, later, to cause a fiscal train wreck after Bush is out of office.
posted by troutfishing on Jun 12, 2003 - 58 comments

Recession? What recession? "An economic research group declared Monday that the United States has been in a recession since March of this year." It's official.
posted by shoepal on Nov 26, 2001 - 7 comments

Wishful Thinking Department (Economics Division) Newsweek's Wall Street editor says nation is in the midst of a "quiet economic recovery." As someone who's been out of work since June, I don't see it. What's your barometric pressure reading on the nation's economy?
posted by darren on Oct 22, 2001 - 29 comments