Political Economy

Biden Job Gains Outpace Trump and Obama: A Contentious Debate

Biden’s job creation numbers are undeniably impressive, surpassing those achieved during both the Obama and Trump administrations. This surge in job growth represents a significant economic recovery, though the underlying factors are complex and deserve careful consideration.

The sheer scale of the job gains under Biden is striking. It’s a testament to the resilience of the American economy and the effectiveness of certain policies implemented during his presidency. However, simply stating the raw numbers doesn’t tell the whole story; we must examine the context in which these gains occurred.

A significant portion of this job growth can be attributed to the economic rebound following the COVID-19 pandemic.… Continue reading

Bidenomics: Success or Failure? A Divided Nation Debates

Despite a strong post-pandemic economy exceeding pre-Covid levels, the Biden administration faced electoral setbacks. This economic success, attributed to “Bidenomics,” involved novel policies resulting in positive economic indicators across the board. Central to Bidenomics was the principle of fair economic distribution, ensuring those contributing to the economy receive a proportional share. The administration’s economic approach, originating from a 2009 conversation between Jared Bernstein and then-Vice President Biden, yielded significant positive results worthy of future study and consideration.

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Running Government Like a Business: A Recipe for Disaster

Running the government like a business would be a disaster because the fundamental goals are diametrically opposed. Businesses prioritize profit maximization for owners and shareholders, often at the expense of worker well-being and long-term sustainability. Governments, on the other hand, should focus on the well-being and happiness of their citizens, even if it means sacrificing short-term financial gains. This difference in core objectives makes direct comparison misleading and dangerous.

The idea of applying business principles to government often serves as a dog whistle for those seeking to shrink government services and redirect public funds towards private interests. This “streamlining” often translates to cuts to essential programs benefiting the majority, while simultaneously enriching the wealthy through tax breaks and deregulation.… Continue reading

Fox News Reality Check: Trump Tariffs to Hike Prices

The free press faces unprecedented challenges, with many news organizations succumbing to political influence. HuffPost, however, remains committed to independent journalism and will not yield to such pressures. Continued operation depends on reader support; therefore, contributions, even in the form of creating a free account, are crucial to maintaining free access to news. The future of American democracy is inextricably linked to a vibrant and independent press.

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Column: Trump and Vance are dead wrong — economists unanimously agree that U.S. tariffs are a tax on American consumers

I can’t wrap my head around how anyone could see tariffs as anything but a tax on American consumers. It’s common sense. When prices go up due to tariffs, it’s the American people who end up paying the difference. Companies like Walmart or Publix will simply raise their prices to maintain their profit margins, and who has to foot the bill? The middle and lower class citizens who are already struggling to make ends meet.

The fact that Trump and Vance are pushing this narrative that tariffs are somehow good for the economy is laughable. It’s not a legitimate policy idea up for debate among economists.… Continue reading

Goldman Sachs predicts stronger GDP and job growth if Democrats sweep White House and Congress

Goldman Sachs predicts a brighter economic future if Democrats sweep the White House and Congress. This news comes as no surprise, considering historical data that clearly demonstrates the economic success under Democratic leadership. The potential for stronger GDP growth and job creation is a promising prospect if Vice President Kamala Harris and the Democrats secure control of both chambers of Congress.

The economic implications of a Republican victory, especially under the leadership of Donald Trump, have been cautioned against by Goldman Sachs economists. The impact of tariff imposition and tighter immigration policies would outweigh any potential growth from maintaining tax cuts.… Continue reading

Taxes added to middle and lower class to pay for the huge cuts for the top 5%

Taxes added to middle and lower class to pay for the huge cuts for the top 5%

It’s disheartening to see that many people still don’t understand how taxes work. I often hear misguided statements like, “I didn’t pay anything last year, I got money back.” It’s crucial to realize that a tax refund doesn’t mean you didn’t pay any taxes. It simply means that you overpaid throughout the year, and the government is returning the excess amount. However, with the current financial situation and the need for more funds, we need to get used to paying more taxes. The government requires money, and it has already been spent.… Continue reading