Tag: 6 million

Merry Christmas, where do we go from here?
ecthompsonmd December 25, 2010

I hope that everyone has a happy and safe holiday season. Merry Christmas! As a Christian who is a liberal, I have no problem saying Merry Christmas. I also have no problem acknowledging that there are Americans who do not celebrate Christmas. To those – happy Hanukkah, happy holidays. (That really wasn’t all that hard.) I have argued that we are living in a new era. We live in an era in which business recovers from economic disaster without creating significant jobs in the United States. If we look at big business, business is booming. Major corporations are looking to rake

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What happened to the jobs?
ecthompsonmd December 9, 2010

The latest jobs numbers have come out. The good news is that we didn’t lose any jobs. The bad news is that we don’t appear to have gained as many as we should have. This is the spending Christmas season. From EPI: The labor market remains 7.4 million payroll jobs below where it was at the start of the recession in December 2007, and this number understates the size of the gap in the labor market by failing to take into account the fact that, simply to keep up with the growth in the working-age population, the labor market should have

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What does an economic recovery look like?
ecthompsonmd February 17, 2010

I have been arguing for months that economic stimulus is doing exactly what it was supposed to do. It stopped a Depression. Yet, for reasons that are unclear, nobody seems to be interested. It is like this recovery was a foregone conclusion. I can tell you that if John McCain were president the unemployment rate would be sitting around 15% as he would have cut taxes and done little or nothing to stimulate the economy. This is a great article from NYT: Imagine if, one year ago, Congress had passed a stimulus bill that really worked. Let’s say this bill had

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

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