Tory Newmyer notes that Trump’s false claims about his economic record typified chaotic debate: Trump did make some claims about the economic record he has compiled in his first term. They were riddled with exaggerations and outright falsehoods. In the first half of his term, Trump’s signature tax cuts and a major spending package gave the…
Economy
Conflicts of Interest, Corporate Welfare, Corruption, Economy, Recession, Trump
Not for Us
by JOHN ADAMS •
Economy, Trump
End the Misery
by JOHN ADAMS •
Coronavirus, Economy
The Pandemic Economy
by JOHN ADAMS •
Economists Carmen Reinhart and Vincent Reinhart write in Foreign Affairs that we’re in The Pandemic Depression: Although dubbed a “global financial crisis,” the downturn that began in 2008 was largely a banking crisis in 11 advanced economies. Supported by double-digit growth in China, high commodity prices, and lean balance sheets, emerging markets proved quite resilient…
CDA, City, Economy, Local Government, Poverty, State Government, That Which Paved the Way, Walworth County, WEDC, Wisconsin
Whitewater & Walworth County’s Working Poor, 2020 ALICE® Report
by JOHN ADAMS •
The 2020 ALICE® report, on those who are “asset limited, income constrained [yet] employed” is now available. These latest data were collected before the recent recession – one can be sadly confident that hardship reaches farther now. For Wisconsin, 11% of households were below the poverty level, and 34% (including those below the poverty level) were…
Authoritarianism, Bigotry, Coronavirus, Corporate Welfare, Disinformation, Economy, Elections, Herrenvolk, Militarized Policing, Parodies, Propaganda, Protests, Public Health, Trump, Trumpism, Tyranny
The Juice Media: A Message from the White House (Pandemic, Autocracy, Corporate Cronyism, and Disenfranchisement)
by JOHN ADAMS •
CDA, Charity, City, Economy, Local Government, Poverty, Recession
A Key Difference Between Bristol, New Hampshire and Whitewater, Wisconsin
by JOHN ADAMS •
A sad story from April about Bristol, N.H. (population 3,300) reveals key differences between that town and Whitewater. While this new recession affects both communities, the economic hardship will be different. See David Gelles, ‘This Is Going to Kill Small-Town America.’ Bristol depends on one major, private manufacturer: By the end of March, with just…
Economy, Employment, Failure, Recession, Trump
Historic
by JOHN ADAMS •
Babbittry, Boosterism, CDA, City, Culture, Economy, Innovation Center/Tech Park, Local Government, Police, Press Release, School District
Built Against Substantive Change
by JOHN ADAMS •
Over time, no matter how small the city, national conditions and trends make their way to the edge of town. Some towns will address these conditions, but others will be resistant to substantive change. For those towns in the latter category, business as usual and rhetorical feints suffice in response to powerful forces to which…
America, Authoritarianism, Corruption, Economy, Public Health, Trump, Unfit
Trump’s American Carnage
by JOHN ADAMS •
Coronavirus, Economics, Economy, Employment, Federal Reserve, Public Health
Federal Reserve Chair Powell’s Interview on Economic Recovery
by JOHN ADAMS •
Last night, 60 Minutes broadcast an interview with Federal Reserve Chairman Jerome Powell in which Powell discussed current economic conditions and prospects for recovery. (Powell sat for the interview on Wednesday, 5.13.20 with Scott Pelley of CBS News.) The interview is available online, as is a transcript. Below are excerpts from the transcript (although Powell’s…
Coronavirus, Economy, Employment, Public Health
Again – Consumer Sentiment
by JOHN ADAMS •
A story from the Wall Street Journal reminds that ‘re-opening’ is futile without broad-based consumer demand. Austen Hufford and Bob Tita report Factories Close for Good as Coronavirus Cuts Demand (‘Some manufacturers that furloughed employees during lockdowns say plants won’t reopen’): Factory furloughs across the U.S. are becoming permanent closings, a sign of the heavy damage…
America, Coronavirus, Economy, Public Health, Trump
Mourning in America
by JOHN ADAMS •
Business, CDA, Coronavirus, Economy, Free Markets, Government Spending, Local Government, Public Health, Retail/Merchants
Consumer Sentiment
by JOHN ADAMS •
Much of the ‘reopening’ advocacy rests on the idea that after allowing a business to reopen, that business will see an adequate return of customers. While some businesses may see adequate customer demand, it’s almost certain that others will not. It has never been true that simply opening a business would assure its survival. If…