Posts Tagged ‘tweets

27
Aug
15

The Economy Is Growing. Don’t Screw It Up, Congress

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Jason Furman: Second Estimate Of GDP For The Second Quarter Of 2015

Real GDP growth in the second quarter was revised markedly upward, as consumers spent more and businesses invested more than previously estimated. The economy grew at a much faster pace in the second quarter than in the first, with strong personal consumption leading the rebound. At this time in the global economy, it is essential that we continue to do everything we can to maintain America’s domestic economic momentum—including avoiding a return to fiscal brinksmanship or unnecessary austerity by passing an on-time budget that reverses the sequester, increasing investments in infrastructure as part of a long-term transportation reauthorization, and other steps to foster long-term growth.

1. Real Gross Domestic Product (GDP) rose 3.7 percent at an annual rate in the second quarter according to the BEA’s latest estimate, well above the first quarter’s 0.6 percent pace and the BEA’s initial second-quarter estimate of 2.3 percent growth. In the second quarter, the increase in GDP growth was led by a faster pace of personal consumption growth than in the first quarter and a shift from negative to positive net export growth. Structures investment, which declined sharply in the first quarter and was previously thought to have declined in the second, is now estimated to have grown. Overall, real GDP has now risen 2.7 percent over the past four quarters.

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25
Aug
15

A Tweet Or Two

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25
Aug
15

Huge Increase In The Number Of Those Insured. Thanks, ObamaCare

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Stephen Feller: Study: Higher Number Of Americans Insured Because Of ObamaCare

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A review of data on community health centers shows large increases in the number of people who have gained access to healthcare as a result of the Affordable Care Act, especially in underserved urban and rural areas of the United States. Researchers pin much of the credit to the expansion of Medicaid under the ACA, also referred to as ObamaCare, which has allowed people who cannot afford health insurance to have greater access to care.

They note, though, that there has also been a large increase in the number people who have purchased private insurance through the ACA-mandated state exchanges. “Our findings underscore the importance of the Affordable Care Act to the poorest Americans,” said Dr. Sara Rosenbaum, a professor of health law and policy at George Washington University, in a press release. “This report shows the importance of ensuring that the ACA’s resources reach all medically underserved communities, including those in the 20 states that have not yet expanded Medicaid.”

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23
Aug
15

#IranDeal: Senator Reid Speaks

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21
Aug
15

Rise And Shine

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President Barack Obama talks on the phone with AFL-CIO President Richard Trumka during a call in the Oval Office, Aug. 21, 2013. Listening from left are: Rob Nabors, Deputy Chief of Staff for Policy; Alyssa Mastromonaco, Deputy Chief of Staff for Operations; and Chief of Staff Denis McDonough. Photo by Pete Souza

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Greg Sargent: Paul Volcker: It Would Be ‘A Sad Day’ If Congress Blocks Iran Deal

In recent days, opponents of the Iran nuclear accord have argued that if Congress blocks it, the major powers that negotiated the agreement can simply go back and crank up sanctions to put more pressure on Iran to agree to a better deal. That argument, however, has been met with push-back from some prominent financial experts, such as Henry Paulson, the Treasury Secretary under George W. Bush, and Jacob Lew, who occupies that post under the current president. They have argued that the other powers won’t reimpose sanctions,

leading the sanctions regime against Iran to unravel and leaving the U.S. isolated — all without getting the inspection and monitoring of Iran’s nuclear program that the deal would secure. And here’s another prominent financial figure who is also dismissing the “go back and get a better deal” argument: Paul Volcker, the former chairman of the Federal Reserve under presidents Ronald Reagan and Jimmy Carter. Volcker has been widely credited with curbing inflation at the time and helping launch the much-vaunted Reagan recovery. “I think this arrangement ought to be approved,” Volcker told me in a phone interview today. “I think it would be a sad day if it’s not.”

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Bravo!

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President Barack Obama talks with Chris Jennings, Deputy Assistant to the President for Health Policy & Coordinator for Health Reform, left, following a meeting with Health and Human Services Secretary Kathleen Sebelius, right, regarding the Affordable Care Act (ACA), in the Situation Room of the White House, Aug. 21, 2013. Photo by Pete Souza




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