The Economy - Blogging Blue

President Obama Remains Distant from Wisconsin Labor Fight

It’s very disappointing to me that the President is keeping the Wisconsin labor movement at arms length.

Ever since the recall wars erupted in this battleground state, the Obama campaign has been faced with a dilemma: How involved does the president get in a polarizing fight with huge national overtones?

Less than two weeks to [...]

A Fable of Moral Mathematics

A wonderful, must-read piece over at Naked Capitalism on the morality of math. Well, when you put a $ or a € in front of the numbers, at least. It’s a funny story involving a class and marbles and an economic system run amok.

From her commanding heights at the ECB Teacher promptly begins [...]

Recall Memo: June 5: Walker 57 Barrett 13 OR Walker 25 Barrett 1

No those aren’t the most recent poll numbers from the tea party sun tea brewmaster…they are very specific fundraising numbers for our two gubernatorial candidates in the recall election.

First, 57% of Governor Walker’s contributions came from out of state! While Mayor Barrett’s contributions from out of state amounted to 13%. So much for Governor [...]

Recall Memo: June 5th: Divide and Conquer says Governor Walker?

The video showing Governor Walker telling his biggest campaign contributor that his strategy for changing the political environment in Wisconsin to an all red all the time state was DIVIDE AND CONQUER has been making the rounds since last week. Why or why do videos keep cropping up with the governor saying exactly the opposite [...]

Economic Recovery: You’re Doing It Wrong

So sayeth the IMF in a consultation with the UK:

The hand-off from public to private demand-led growth has not fully materialized. Much of this underperformance relative to earlier expectations is due to transitory commodity price shocks and heightened uncertainty following the intensification of stress in the euro area.

Translation: Your fear of the [...]

Sovereign Debt for Dummies

A great, short, talking-head video featuring Mike Norman, economist and trader who’s been a Wall Street fixture for more than 30 years. He appears regularly on CNBC and Bloomberg TV. His blog, Mike Norman Economics is a staple for the MMT crowd. He’s commenting here about the stupid way people talk about the national debt.

[...]

Romney-nomics on display

Throughout his presidential campaign, presumptive Republican nominee Mitt Romney has made the case that he’s better suited than President Obama to turn around our nation’s economy, and he’s cited his private sector business experience with Bain & Company and Bain Capital to back up his claims.

However, what Mitt Romney is conveniently neglecting to mention [...]

51% of Americans Need a Lesson in Macroeconomics

I don’t normally cite polls from the grossly biased Rasmussen, but this one was too absurd not to post.

A new Rasmussen Reports national telephone survey finds that 51% of Likely Voters believe the federal government will go bankrupt and be unable to pay its debt before the federal budget is balanced. Thirty-six percent (36%) disagree [...]

Meanwhile, in Spain…

See Bank Run! Run Bank Run!

Recall Memo: June 5: Student Voting: YES YOU CAN!

On of our readers asked about student voting on an earlier Recall Memo: June 5th about student voting. I should have looked into this earlier because I know a great many college students are on their way home already following the end of their school year.

Well, here are the facts directly from the Government [...]

Is Supervisor Peggy Romo West using text messaging to avoid transparency?: On Wednesday I wrote about Milwaukee ... bit.ly/LwaIqP 26 minutes ago
The Compas/Fitzgerald debate: An unfortunate illustration of Wisconsin politics: By all accounts, Lori Compas ex... bit.ly/KjctX7 4 hours ago
Thursday Music: the National: Conversation 16: bit.ly/Ldk23p 6 hours ago
President Obama Remains Distant from Wisconsin Labor Fight: It’s very disappointing to me that the President is ... bit.ly/MtRe5z 8 hours ago

President Obama Remains Distant from Wisconsin Labor Fight

Recall Memo: June 5: Walker 57 Barrett 13 OR Walker 25 Barrett 1

Recall Memo: June 5th: Divide and Conquer says Governor Walker?

Economic Recovery: You’re Doing It Wrong

Sovereign Debt for Dummies

Romney-nomics on display

51% of Americans Need a Lesson in Macroeconomics

Meanwhile, in Spain…

Recall Memo: June 5: Student Voting: YES YOU CAN!

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