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Tag archive for ‘Cutting’

Obama’s tax plan is a sham…

Obama’s tax plan is a sham…

Barack Obama told voters yesterday he would push an aggressive economic agenda as president: cutting taxes for the middle class, raising taxes on the wealthy, pouring money into “green energy” and requiring employers to set up retirement saving plans for their workers.
Speaking to about 200 people in Wayne, a Philadelphia suburb, Obama made no new [...]

Inventories and War Spending Keep Economy Growing in First Quarter

Washington, D.C. (Center for Economic and Policy Research) by Dean Baker: GDP eked out a 0.6 percent gain for the second consecutive quarter as a jump in inventories and defense spending kept GDP in positive territory. Sales of final goods actually fell by 0.2 percent in the quarter, only the second decline since the last [...]