If there was a bubble, it was political insiders who saw Clinton’s email issue as a small-bore routine problem, not the image-defining scandal most Americans came to see it as. I know several Democratic political operatives who heard from swing voters who believe Clinton routinely had people murdered. Insiders never saw how badly the email issue poisoned her image, holding queasy Republicans in Trump’s corner and depressing her turnout. … [Read more...] about Obama’s Economy Didn’t Elect Trump. But It Might Reelect Him.
The Bloomberg numbers come just days after the Conference Board found a slight dip in consumer confidence in April. Still, the number was very high and only disappointing when compared to March’s confidence numbers, which were the highest they’ve been since December 2000. That slight downturn was expected after confidence numbers surged in the wake of President Trump’s election. … [Read more...] about Americans Feel Better About the Economy Than Any Time Since 2001
The findings surveyed above expose the fraudulence of this dichotomy. Racial prejudice has economic consequences. You cannot advance the cause of economic justice without addressing persistent discrimination in housing, hiring, and lending. And economic inequality has racial consequences — you cannot advance the cause of racial justice without addressing the chasm that has opened up between the wealthiest people in American society and everyone else. In fact, because centuries of de jure oppression have left African-Americans overrepresented at the bottom of our nation’s class hierarchy — and white men radically overrepresented at its top — few policies would do more to advance the cause of racial equity in the United States than ones that transfer material resources from the rich to the poor and working class. Further, there is latent potential in marshaling a cross-racial coalition for such redistribution. As this chart of the ISP’s findings … [Read more...] about The American Economy Isn’t Getting Any Less Racist
After a rash of hurricanes across the country slowed job growth in September and October, November exceeded economists’ expectations of 200,000 jobs and blew away the 2017 average of 174,000 jobs per month. In the first 11 months of the year, the economy has added 1.97 million jobs. … [Read more...] about The Economy Added 228,000 Jobs in November As Unemployment Held Steady
Finance Minister Nirmala Sitharman on Wednesday said the government is keeping a close watch on the impact of the coronavirus outbreak on the Indian economy. The minister also said that the process of merger of public sector banks was underway as per the schedule. The government has announced to merge 10 sector state-run banks to create four bigger lenders. The governemnt is "closely monitoring" the impact of the coronavirus outbreak on the economy, she said. Over 2,700 people have died due to Novel Coronavirus 2019 (COVID-19) while the number of those infected is around 80,000. In the wake of the virus outbreak, whose epicentre is China, many airlines, including Indian carriers, have cancelled some of their overseas flights. On bank mergers, Sitharaman said there is "no uncertainty about bank merger" and the process is on as per the schedule. Last year in August, the government announced merger of 10 public sector banks into four. United Bank of India and Oriental Bank of Commerce … [Read more...] about Govt closely monitoring coronavirus impact on economy: FM Sitharman