Political Capital

Posts tagged: GDP

A retiree attends a Senior Information & Resource Fair in South Gate, California.

Photograph by Robyn Beck/AFP via Getty Images

A retiree attends a Senior Information & Resource Fair in South Gate, California.

Bloomberg by the Numbers: 26%

Federal spending is projected to rise to 26 percent of gross domestic product in 2039 from 21 percent in 2013, according to the Congressional Budget Office. Increased spending for Social Security, Medicare, Medicaid, children’s health programs and subsidies for medical...

Read more »

Production assembly mechanic Arvilla Minnich installs a safety cable on a CFM56-7 jet engine at General Electric Co.'s GE Aviation factory in Cincinnati, Ohio, on June 25, 2014.

Photograph by Luke Sharrett/Bloomberg *

Production assembly mechanic Arvilla Minnich installs a safety cable on a CFM56-7 jet engine at General Electric Co.'s GE Aviation factory in Cincinnati, Ohio, on June 25, 2014.

White House: Best New-Jobs Streak Since 1939

In relentless pursuit of good economic news, today’s monthly employment report has given the White House some cause for smiles. American auto industry added 463,100 jobs over 5 yrs; best growth since 90s. June also best auto sales since ’06....

Read more »

A job seeker fills out an application during the start of the HireLive career fair on June 4, 2014 in San Francisco.

Photograph by Justin Sullivan/Getty Images

A job seeker fills out an application during the start of the HireLive career fair on June 4, 2014 in San Francisco.

White House: The Good News in the GDP Slowdown

It’s only natural. When the U.S. economy contracts the most it has since the depths of the worst recession since the Great Depression, the White House starts looking for ways to fill the glass. Remember that unusually severe winter weather?...

Read more »

A tug boat moves the APL Singapore container ship to dock at the Port of Oakland in California.

Photograph by David Paul Morris/Bloomberg

A tug boat moves the APL Singapore container ship to dock at the Port of Oakland in California.

Bloomberg by the Numbers: 3.5%

The U.S. economy will expand at a 3.5 percent annualized rate in the second quarter, according to a median projection of economists. Gross domestic product fell at a 1 percent rate in the first quarter, according to revised Commerce Department...

Read more »

Former President Bill Clinton during the Civil Rights Summit at the LBJ Presidential Library on April 9, 2014 in Austin, Texas.

Photograph by Deborah Cannon-Pool/Getty Images

Former President Bill Clinton during the Civil Rights Summit at the LBJ Presidential Library on April 9, 2014 in Austin, Texas.

Bill Clinton: Corporate Tax Reform, for Starters

Bill Clinton is nothing if not pragmatic. On the debate about illegal immigration, he says: “A lot of those people are here anyway, and if you legalize them they will pay taxes… and you will have more balance.” “I think...

Read more »

Auto mechanics at a small shop in the Queens borough of New York City.

Photograph by Andrew Burton/Getty Images

Auto mechanics at a small shop in the Queens borough of New York City.

Bloomberg by the Numbers: 95.2

The National Federation of Independent Business’s Small Business Optimism Index rose to 95.2 last month, a post-recession high. The index improved from 93.4 in March to its highest level since 2007, before a credit crisis took hold. While the NFIB...

Read more »

Is the job market taking off, or are there still problems on the pad?

Photograph by Chris Thompson/SpaceX via Bloomberg

Is the job market taking off, or are there still problems on the pad?

Job Growth: Good News, Finally — Or Is It?

Updated with president at 12:12 pm EDT For the first time in a very long time, the Obama White House has something good to talk about. Instead of a tiring refrain about American employment growing each of the past 45...

Read more »


Shipping containers at the Port of Virginia APM Terminal in Portsmouth.

Photograph by Luke Sharrett/Bloomberg

Shipping containers at the Port of Virginia APM Terminal in Portsmouth.

Bloomberg by the Numbers: 1.34%

That is the relative drag that the U.S. trade deficit is putting on economic growth, the biggest since this data was first tracked in 1947. Alan Tonelson, a U.S. Business and Industry Council research fellow, offers this read on the...

Read more »

People cross a slushy Park Avenue on Feb. 18, 2014 in New York City.

Photograph by John Moore/Getty Images

People cross a slushy Park Avenue on Feb. 18, 2014 in New York City.

Income Taxes May Mean Economy Hasn’t Taken Much of a Weather Hit

The weather has helped produce some pretty weak readings of economic activity — that much even Federal Reserve Chair Janet Yellen has admitted. Federal tax receipts, however, are showing a picture of stronger growth. Income and payroll tax collection data...

Read more »