U.S. Economy Topics

Economy

Democracy Now! stories, posts and pages that relate to U.S. Economy

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  • Dennis_kucinich-1
    As President Obama meets with congressional leaders at the White House in a last-ditch effort to reach a budget deal, we speak to outgoing Democratic Rep. Dennis Kucinich about the so-called fiscal cliff. If an agreement is not reached in time, $600 billion in automatic spending cuts and tax increases will go into effect on January 1. But the tax increases would not necessarily be permanent — the new Congress could pass legislation to...
    December 28, 2012 | Story
  • Big_dennis-kucinich-1024x683
    Democratic Rep. Dennis Kucinich of Ohio is serving his last week in Congress after eight terms in office. Since 1997, Kucinich has been a leading progressive voice on Capitol Hill, known for actions including the bringing of articles of impeachment against George W. Bush for the invasion and occupation of Iraq, voting against the USA PATRIOT Act, advocating for ending the war on drugs, challenging U.S. warfare from Afghanistan to Libya, and...
    December 28, 2012 | Story
  • Grijalva_
    Democratic Rep. Raúl Grijalva of Arizona joins us to discuss his opposition to President Obama’s offer to cut more from Social Security than from the military in the ongoing negotiations over avoiding the so-called fiscal cliff. Obama has offered to cut some $100 billion from military spending, but even more from Social Security: $130 billion by adjusting the inflation index for Social Security benefits. Grijalva says Obama’s...
    December 19, 2012 | Story
  • Dean_baker-fiscal_cliff
    As negotiations continue between the White House and House Speaker John Boehner, leading economist Dean Baker joins us to discuss the myths about the so-called fiscal cliff. With little more than two weeks before the deadline, President Obama insists on an immediate increase in the top two income-tax rates as a condition for further negotiations on changes to spending and entitlement programs. But Boehner said Washington’s "spending...
    December 14, 2012 | Story
  • Rolling_jubalee_opt_1
    An offshoot of Occupy Wall Street has launched a new movement called "Rolling Jubilee" to buy distressed debt from financial firms, often for pennies on the dollar, and then canceling it so that borrowers do not have to repay. The people who incurred the debt in the first place then get a certified letter informing them they are off the hook. Typically, financial institutions sell debt for pennies on the dollar to third parties who...
    November 15, 2012 | Story
  • Smiley_and_west-2
    As the most expensive presidential election in U.S. history comes to an end, broadcaster Tavis Smiley and professor, activist Dr. Cornel West join us to discuss President Obama’s re-election and their hopes for a national political agenda in and outside of the White House during Obama’s second term. At a time when one in six Americans is poor, the price tag for combined spending by federal candidates — along with their...
    November 09, 2012 | Story
  • Bainport_interview-2
    We broadcast from just outside a Freeport, Illinois, factory owned by Bain Capital, the private equity firm co-founded by Republican presidential nominee Mitt Romney. Workers at Sensata Technologies have set up an encampment called "Bainport" across the street from the facility to protest the company’s plan to close the plant and move it to China, taking 170 jobs with it. The workers have been trying to get Romney to save their...
    September 20, 2012 | Story
  • Bainport_interviews-1
    "Welcome to Bainport, a taste of the Romney economy." That’s the message on one of the banners that greets you at the tent city where we broadcast from in Freeport, Illinois. "Bainport" is an encampment set up by workers who face losing their livelihoods when their workplace closes its doors in November and moves to China, taking 170 jobs with it. The workers’ plant, Sensata Technologies, is owned by Bain...
    September 20, 2012 | Story
  • Detroit_film
    Once known as the Motor City, where the middle class was born, Detroit’s auto industry and manufacturing sector have collapsed. Today the city is on the verge of bankruptcy, facing a thinning population and massive cuts to basic services. The new film "Detropia" takes an intimate look at at some of the city’s former members of the middle class as they struggle to make ends meet and refuse to abandon hope. We’re...
    September 18, 2012 | Story
  • Matt_taibbi
    In part two of our interview with Matt Taibbi, he describes recent Wall Street scandals — including a decade-long Wall Street scandal that drained money from every county and state in the United States — and notes not a single bank executive has faced individual consequences. He also explains how Republican presidential nominee Mitt Romney’s former firm, Bain Capital, and others have used private equity to raise money to conduct...
    July 30, 2012 | Web Exclusive