Friday, September 5, 2008 Last Update: 12:56 p.m.
Mostly Cloudy: Currently 66° F
Dow: 11220.96 +32.73
News tagged ”Economy”

Is There a Tractable Morass?

Things are going badly in Springfield, says Rich Miller, who lists problems, including:

“Unemployment is rising, yet a jobs-producing capital construction bill for our roads, bridges, schools and mass transit is stuck in limbo.”

Reading along, I thought he was going to say a tax-reduction bill was in limbo, or such bill is not being discussed. But he refers to state spending that would produce jobs.

Read More...

Where’s the anger over the war and the economy?

Counting down to the Pennsylvania primary, it surprises me that neither Democrat is hitting hard on the relationship between the two wars we’re fighting on borrowed money, skyrocketing oil prices and our descent into recession and economic turmoil.

True, a month ago, when Nobel Laureate Joseph Stiglitz and Harvard Economist Linda Bilmes published their treatise “The Three Trillion Dollar War,” documenting the real cost of the Iraq adventure, there were a few speeches noting the incredible cost and how better the money could have been spent.

But in Pennsylvania of all places, where town after town has been devastated economically, one would expect either Clinton or Obama to probe more deeply—to rub raw the sores of discontent, to paraphrase Chicago’s own Saul Alinsky.
In interviews, Stiglitz acknowledges that the stunning rise in oil and gasoline prices is due in part to the war—the only issue is how much. ... Read More...

Chicago Photos
Botanic Gardens in March