Rick Newman

September 2011


11 Things Wrong With Congress

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America needs to rally.

Jobs are pitifully scarce. Incomes are falling. The U.S. government, like many American families, has taken on too much debt. The hangover from a brutal recession now looks like it could last for years, with the once-dominant U.S. economy sliding into a chronic state of ...

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TAGS:
Congress

Why Gloomy Consumers May Spend Anyway

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Americans are in a foul mood.

Recent confidence readings show that consumers are as gloomy as they were at the worst moments of the recession, in late 2008 and early 2009. Those were apocalyptic times. Companies were axing jobs by the thousands. Stocks were in a nosedive. The government was ...

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TAGS:
economy
consumers

How to Escape the Middle-Class Squeeze

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Most Americans don't need to be told this, but the middle class is struggling.

 In case any skeptics remain, new data confirm the downward mobility of the typical family. The Census Bureau's annual report on income and poverty shows that median household income in 2010 was $49,445, after adjusting ...

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TAGS:
debt
unemployment
savings

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