Radio commentary, November 20, 2010

Stumbling recovery continues • bourgeois theories of unemployment • who gets UI? • how the StimPak helped • models for budget-cutting [The commentary also included an analysis of health lunacy, which I’ve posted separately.] stumbling along The U.S. economy continues its stumbling recovery. On Thursday, we learned that first-time applications for unemployment insurance, filed by people who’d just lost their jobs, rose slightly last week after falling decently the previous week—a fall that exactly reversed the rise of the previous week. The four-week moving average, which smoothes out the weekly volatility in… Read More

Me against the right

I debate right-wing money manager and former Senate candidate Peter Schiff on The Real News Network: Schiff Vs. Henwood on Economic Crisis. Topics covered include the StimPak, Schiff’s intolerable tax burden (which makes it impossible for him to buy a submarine!), the intolerable restrictions on Wall Street (which evidently make it impossible for them to do business), the wisdom of neoliberal economic policy (to Schiff, Reagan was a wimp), etc. Interesting factoid: Schiff is the son of notorious tax protester Irwin Schiff, who’s doing 13 years in federal prison for repeated tax evasion… Read More