Structuring the economy to give money to the rich is inflationary
I just read this NYT column by Bryan Stryker, on how Democrats can win back the working class. I have no idea how its proposals poll, but as an economic matter, they will do little to help the working class.
State and Local Government Job Losses a Serious Drag on Weak Job Growth
The unemployment rate edged down to 8.9 percent in February, as the Labor Department reported that the economy generated 192,000 new jobs. This number is undoubtedly inflated some by the weather-weakened January performance, when the economy generated just 63,000 jobs. The unemployment rate has now dropped by 0.9 percentage points in the last three months. […]
House Prices Continue Sharp Decline
The Case-Shiller 20-City index fell sharply again in December, dropping a full percentage point from its November level. This is the third consecutive month that it has fallen by at least 1.0 percent. It is now down by 4.3 percent from its peak in July. Nineteen of the 20 cities had a drop in prices. […]