Is the economy in worse shape than the Obama defenders suggest? Um, yes.

Image: U.S. President Obama walks to speak about the Affordable Care Act at the White House in Washington

YESTERDAY on Twitter, economist Justin Wolfers, whose wife is on President Obama’s Council of Economic Advisers, tweeted out the following: Bottom line: Demographics are driving labor force participation rate down. It’s here to stay. Get used to it. #BPEA pic.twitter.com/bGrtfvNfyw — Justin Wolfers (@JustinWolfers) September 12, 2014 That post was a follow up to a post […]

What’s actually alarming about the Portland study

Portland employment

From the PPH (for the BDN piece): Portland is losing ground at an “alarming” rate, according to a new study examining nearly 30 indicators of where the city’s economy is headed. Portland’s Economic Scorecard 2014-2015, to be released Tuesday by the Portland Community Chamber, shows that the city has experienced lackluster improvement – or no […]

Skynet is not coming for our jobs

Terminator-Salvation-001

THE post-2008 economic recovery has been anemic by most measures, with job growth in particular making weak gains.  However, job growth in the U.S. has slowly declined over the past three decades, specifically since 2000 (the last year annual job growth in the U.S. hit 2%). Among the myriad of explanations for why job growth […]

An often ignored aspect of the Clinton Administration

clinton

WITH former President Bill Clinton in town to stump for the Maine Dems, some are recounting the highs and lows of his administration.  A booming economy, welfare reform, the Lewinsky scandal, impeachment and the like are often mentioned.  What, unfortunately, is often neglected is the role the Clinton Administration played in the rise of high […]

Corporate Taxes and Job Growth: Repatriate like it’s 2004

corporate-tax

IN a recent piece for the PPH, Steve Robinson suggests that lowering the corporate tax would be a boon for the American worker with higher wages and greater job opportunities via increased domestic investments: In contrast, Canada’s combined federal and provincial rate, at 26.3 percent, allows Canada-based businesses to be far more competitive in an increasingly […]

Philadelphia Fed predicts economic growth for Maine over the next 6 months

7-14 leading index

FROM the Philadelphia Fed: The Federal Reserve Bank of Philadelphia has released the leading indexes for the 50 states for July 2014. The indexes are a six-month forecast of the state coincident indexes (also released by the Bank). Forty-five state coincident indexes are projected to grow over the next six months, while five are projected […]