When it comes to Donald Trump, Republicans in Congress are past denial and anger. Some haven’t quite given up on bargaining, still dreaming of a contested convention. But after Trump’s dominance in Tuesday’s five-state presidential primaries, most are moving through depression toward acceptance. Now, those finding themselves at the fifth stage of grief are starting to
Michael Snyder | Economic Collapse Blog What are we to make of all this? Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3
The House voted Thursday to make permanent a generous tax break that makes it easier for small businesses to buy new equipment and improve their property, part of an election-year showdown over a series of expired tax breaks worth billions. The tax break allows business owners to more quickly write off the costs of computers,
Michael Snyder | Economic Collapse When an economy is healthy, there is lots of buying and selling and money tends to move around quite rapidly. Unfortunately, the U.S. economy is the exact opposite of that right now. In fact, as I will document below, the velocity of M2 has fallen to an all-time record low.
Republican vice presidential nominee Paul Ryan got a hero’s welcome from his colleagues on Thursday as he returned to the Capitol for the first time since being named by Mitt Romney to the GOP ticket.The Wisconsin lawmaker was greeted with hugs and shouts, posed for photos with colleagues and took some good-natured ribbing about his