"Reality," Stephen Colbert famously explained to President George W. Bush, "has a well-known liberal bias." And for Republicans, reality bites most when it comes to tax cuts. After all, for over 30 years, tax cuts have been the GOP's one and only prescription for both economic booms and busts, recessionary slowdowns and budget surpluses, and […]

In the wake of September's strong jobs report, Megan Thee-Brenan and E.J. Dionne (among others) have concluded "Obama is unlikely to get credit for falling unemployment rate" and "Democrats aren't getting credit for the economy." The question is why. After all, when it comes to cutting unemployment, spurring investment and driving economic growth, Barack Obama […]

One by one, the GOP's talking points about President Obama's management of the American economy have fallen by the wayside. Even before he first took the oath of office on January 20, 2009, Republicans were warning about the "Obama Bear Market." Instead, the Dow Jones has more than doubled in value in hitting record highs. […]

Walmart has had a very bad week. On Thursday, the New York Times reported that at least eight senior executives have left the company since an investigation was launched to probe allegations of massive bribery in Mexico and other foreign markets. Already shaken by previous revelations that low wage workers at the nation's largest employer […]

And now for today's quiz: When is $10 billion greater than $310 billion? When Republicans control the House of Representatives. Yes, the American people got another lesson in GOP math this week when House Republicans refused to budge on a $10 billion, five-month extension of unemployment benefits for 1.3 million long-term jobless workers while the […]

That Paul Ryan's one-man crusade against poverty has gotten off to a laughably bad start should have surprised no one. After all, his various "roadmaps" and GOP budgets have called for giving massive tax cuts for the rich, slashing non-defense discretionary spending to its lowest share of the U.S. economy in generations, privatizing Social Security […]

Bloomberg News this week offered the state of Washington as a powerful rebuttal to those who claim hiking the minimum wage would kill jobs. Washington, it turns out, has had the nation's highest minimum wage since 1998 and over the past 15 years enjoyed annual job growth well above the national average. New Jersey, too, […]

As their recent disinformation campaign over mythical Obamacare job losses shows, Republicans love the nonpartisan Congressional Budget Office. Except when they hate the CBO, which is most of the time. After all, GOP leaders are using the fifth anniversary of the $787 billion Obama economic stimulus program to mark it is a failure despite the […]

While income inequality in the United States has hit record highs, so too has the decibel level from the tragically rich protesting their victimhood in the new class warfare. After walking back his "Kristallnacht" Holocaust analogy, legendary venture capitalist Tom Perkins nevertheless fretted that the 1 percent faces "economic extinction." Sam Zell, the billionaire chairman […]

And now for today's math quiz. Let's say you decide to work 2 percent fewer hours this year. At the end of the year, your total compensation is 1 percent lower. Does that mean you got a pay cut? If you answered "yes," you might want to reread the question. Or, you might be Marc […]