First-time Homebuyer Tax Credit was Temporary Fix At Best

The credit led to an enormous transfer of wealth to sellers and lenders at the expense of buyers. For Immediate Release: April 18, 2012 Contact: Alan Barber, (202) 293-5380 x115 Washington, D.C.- In February of 2009, with the housing market in a free fall, Congress decided to add a first-time homebuyer tax credit to the [...]


19 Million Jobs For U.S. Workers: The Impact Of Channeling $1.4 Trillion In Excess Liquid Asset Holdings Into Productive Investments

A new report is available at the Political Economy Research Institue, PERI. 19 Million Jobs For U.S. Workers: The Impact Of Channeling $1.4 Trillion In Excess Liquid Asset Holdings Into Productive Investments Pollin, Robert | Heintz, James | Garrett-Peltier, Heidi | Wicks-Lim, Jeannette | 12/5/2011 Download the full report from the PERI Website 1.2 MB [...]


From Occupy Wall Street to Occupy Nation in just two months

This is a real populist movement–against our financial and political plutocracy Aricans who flew bombing missions in World War II had a saying: "You know you’re on target when you start getting a lot of flak." The protesters in today’s nascent "Occupy Wall Street" movement must really be on target, then, because–boy!–they’re enduring an unrelenting [...]


Featured Articles and Reports on the Project on Defense Alternatives, PDA

Below is a Listing of Recent Articles and Reports on the Project for Defense Alternatives Site Going for Broke: The Budgetary Consequences of Current US Defense Strategy. (printable .pdf version) by Carl Conetta, PDA Briefing Memo #52, 25 October 2011. Shows how the Pentagaon’s adoption of more ambitious goals, strategy, and missions after the Cold [...]


China Economic and Security Review Commission (USCC) released its 2011 Annual Report to Congress

Press Release:  Alliance for American Manufacturing (AAM) This morning, the Congressionally created, bipartisan U.S.-China Economic and Security Review Commission (USCC) released its 2011 Annual Report to Congress. Said Scott Paul, Executive Director of the Alliance for American Manufacturing (AAM): “This morning’s annual report from the USCC is the latest wake-up call for Washington regarding China’s [...]


Book: Alan Fogelquist, Politics and Economic Policy in Yugoslavia, 1918-1929

Politics and Economic Policy in Yugoslavia, 1918-1929 By Alan Fogelquist View this Author’s Spotlight Paperback, 502 pages Preview List Price: $29.50 Price: $22.13 You Save: $7.37 ( 25% )   Ships in 3–5 business days This study, based on the author’s doctoral dissertation at UCLA, examines Yugoslav economic policy from 1918 to 1929, how it [...]


The Benefits of Medicaid | Mother Jones

The Benefits of Medicaid | Mother Jones  — By Kevin Drum | Thu Jul. 7, 2011 8:45 AM PDT When education researchers study charter schools, the gold standard is to compare kids who won a lottery to get in with kids who lost the lottery. That way you can be pretty sure that the kids [...]


Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present [Hardcover]

Amazon.com: Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present (9781400041718): Jeff Madrick: Books   Jeff Madrick (Author) Review  “Jeff Madrick has written one of those rare, wonderful books that allow us to understand a huge and important historical development that we may not have realized was a [...]


The Sorrow and the Pity of Economists (Like DeLong) Not Learning from Their Mistakes « naked capitalism

The Sorrow and the Pity of Economists (Like DeLong) Not Learning from Their Mistakes « naked capitalism By Yves Smith on Naked Capitalism Thursday, July 7, 2011 I hate to seem to be beating up on Brad DeLong. Seriously. As I’ve said before, he is one of the few economists willing to admit error and [...]


The Budget Fight: Over Before It Began

The Budget Fight: Over Before It Began   The Budget Fight: Over Before It Began Posted 07/06/2011 at 10:26 AM The stars are now in alignment for Democrats to capitulate to a draconian ten-year budget deal as the Republicans’ price for agreeing to raise the debt ceiling. Senate Budget Committee Chairman Kent Conrad’s fiscally conservative [...]