Voters blame president for gas prices, experts say not so fast
Today’s oil prices are the product of years and decades of exploration, automobile design and ingrained consumer habits combined with political events in places such as Sudan and Libya, anxiety about possible conflict with Iran, and the energy aftershocks of last year’s earthquake in Japan.
“This notion that a politician can wave a magic wand and impact the 90-million-barrel-a-day global oil market is preposterous,” said Paul Bledsoe, strategic adviser to the Bipartisan Policy Center and a former Clinton administration official.
No, gas prices are high because the President is an Anti-American, Socialist, Communist Muslim.
"It’s sort of a touching response to a $1.2 trillion deficit, isn’t it? That somehow the American people will all send in checks and take care of it?"
Warren Buffett mocks Gov. Christie’s ‘write a check and shut up’ remark.
(Source: brooklynmutt)
Reblogged from brooklynmutt with 64 notes / Warren Buffett Chris Christie Politics Economy News
From IGM Economic Experts Panel: 12% of economists believe the stimulus’ cost was greater than any benefit; 93% believe that it lowered unemployment. More here.
(via soupsoup)
"Despite their bleak performance this year, the nation’s top six banks paid out $144 billion in bonuses and compensation for 2011, second only to the record $147 billion they paid out in 2007 at the height of the economic boom."
(via kateoplis)
Gender and Austerity: The Feminization of Economic Crisis Response
Reblogged from thepoliticalnotebook with 203 notes / Politics Economy Feminism Women's Rights
There are 5,000 janitors in the U.S. with PhDs
There are 18,000 parking lot attendants in the U.S. with college degrees. There are 5,000 janitors in the U.S. with PhDs. In all, some 17 million college-educated Americans have jobs that don’t require their level of education.
(Source: socialismartnature)
The Failure of the Euro
The euro should now be recognized as an experiment that failed. This failure, which has come after just over a dozen years since the euro was introduced, in 1999, was not an accident or the result of bureaucratic mismanagement but rather the inevitable consequence of imposing a single currency on a very heterogeneous group of countries. The adverse economic consequences of the euro include the sovereign debt crises in several European countries, the fragile condition of major European banks, high levels of unemployment across the eurozone, and the large trade deficits that now plague most eurozone countries.
