To The Point

Welcome to To The Point's Tumblr. Warren Olney's To The Point is following the stories beyond the soundbites. Keep checking back here for curated news and shows.

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Posts tagged "economy"

Yesterday, Warren Olney, host of “To The Point”, discussed the possibility of going over the ‘fiscal cliff’ with President of the American Action Forum, and economist, Doug Holtz-Eakin. Are we facing a perilous ‘Thelma and Louise’-style ending, or would failure to reach a deal before the end of the year be too great of a responsibility for the nation’s leaders to avoid?

This year’s presidential campaign is supposedly about the economy, but economic indicators make political predictions more confusing than ever. Consumer confidence is on the rise, for example, but consumer spending is on the decline. Does that favor ObamaRomney — or is it a draw? Is economic uncertainty one reason that neither candidate has been very specific about plans for economic improvement? We compare what they have said and how they stand in the latest polls. Whatever the numbers show now, how long will they last?

Guests:
Mitt’s economic “plan” is just a set of goals. Imagine I came up with a plan to become rich that went: write bestselling novel, start hit restaurant chain, invent next Internet.

nprfreshair:

The Graph That Should Accompany Every Article About Young Americans and the Recession

Real earnings for young grads with a college degree have now declined for six straight years. “Real average earnings for young grads have fallen by over 15% since 2000, or by about $10,000 in constant 2011 dollars,” PPI reports.

Read more. [Image: Progressive Policy Institute]

On today’s show, Pulitzer Prize winner and New York Times veteran Hedrick Smith, whose latest book is “Who Stole the American Dream?” said the median household income in America today is $49,000.  And that’s counting two earners. “A lot of people that consider themselves middle class … think of middle class being somewhere around $70,000,” he said. “No, it’s much lower than that.”

Michael Fletcher coming on today’s “To the Point” to talk about the numbers.

tpmmedia:

Mitt Romney called the latest jobs numbers released Friday “disturbing,” and said President Obama has failed to successfully reboot the economy after more than three years in office.

“These numbers understate what people are feeling and the amount of pain which is occurring in middle-class America,” Romney said.

Read more…

That’s a lot of people who may lose federal unemployment benefits… via:
planetmoney:

Read more about the long-term unemployed here.

That’s a lot of people who may lose federal unemployment benefits… via:

planetmoney:

Read more about the long-term unemployed here.