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Contrasting GDP Growth With Job Loss
Chair of the Council of Economic Advisers Christina Romer made this statement on the GDP increase of 3.5% in the third quarter: “Data released today by the Commerce Department show that real GDP grew...
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Automakers Fight CAFE Standards Proposals
With the complete capitulation to the austerity economy and the confidence fairy, maybe we should retreat to any of the few remaining areas where we can see any vestige of progress. I would argue that...
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Spain Unveils Austerity Budget
Spain released its austerity budget today, and it focuses on cuts to social spending much more than any tax increases. Government ministries saw their budgets slashed by 8.9 percent for next year, as...
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