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The Republicans are winning this year’s budget battle: Discretionary spending will decrease. But this is hardly the time for the GOP to take a victory lap: Next, the GOP will have to lower unemployment and improve the average American’s daily life — two areas where the party has historically come up short.

Continue reading GOP Is Winning the Budget Battle, but May Lose the Political War

GOP Is Winning the Budget Battle, but May Lose the Political War originally appeared on DailyFinance on Mon, 21 Mar 2011 17:00:00.

Filed Under: Columns, Economy

Everyone knows that the typical American household has been running in place or falling behind financially, thanks to stagnant wages and rising prices. But a new study from the the Economic Policy Institute shows that the problem has been endemic not for years, but for decades.

Continue reading People@Work: The Sorry State of America’s Wage Earners

People@Work: The Sorry State of America’s Wage Earners originally appeared on DailyFinance on Mon, 21 Mar 2011 08:30:00.

Filed Under: Columns, Economy, People, Careers

The U.S. set the forces of globalization in motion, and now more than ever, it’s clear we’re suffering the consequences: high unemployment, stagnant or declining incomes, and rising costs for goods. Can the policies of the surging Tea Party provide solutions, or will they just make matters worse?

Continue reading Can the Tea Party’s Platform Reduce Unemployment?

Can the Tea Party’s Platform Reduce Unemployment? originally appeared on DailyFinance on Tue, 15 Mar 2011 08:30:00.

Filed Under: Columns, Economy

Almost as soon as regulators proposed a settlement for the mortgage mess that would require banks to obey the law, the banks’ Republican allies began trying to weaken it through obfuscation and confusion. Read on for some plain English translations of their arguments against the settlement.

Continue reading Decoding the GOP Argument Against Punishing Banks for Their Mortgage Crimes

Decoding the GOP Argument Against Punishing Banks for Their Mortgage Crimes originally appeared on DailyFinance on Fri, 11 Mar 2011 12:00:00.

Filed Under: Columns, Economy, JP Morgan Chase, Bank of America, Citigroup, Wells Fargo & Co, Real Estate, Credit

For those investors keeping score at home, Republicans have won “Round 1″ of the budget battle in Washington. But in the long run, all Americans may benefit if a government shutdown is averted.

Congress has just agreed to a Republican-crafted bill that contains $4 billion in budget cuts. The bill, if signed by President Obama, as is expected, will keep the U.S. government open until March 18, two…

Continue reading Congress Passes Spending Bill: GOP Wins First Round of Federal Budget Battle

Congress Passes Spending Bill: GOP Wins First Round of Federal Budget Battle originally appeared on DailyFinance on Wed, 02 Mar 2011 12:45:00.

Filed Under: Economy