Now that the Republicans can see how much leverage the debt ceiling gives them, they’re going to pull this stunt every time it gets near. The best-case scenario, with a big $2 trillion increase, would mean that we’re going to go through the exact same thing late in 2012; a more modest increase in the debt limit would set up a reprise of the current fiasco much sooner.
And that’s the invidious thing about low-probability events. Repeat the experiment often enough, and eventually they’ll happen. We’ll get a deal done this time. But one day, we won’t. And that day is not going to be a happy one.
Reporting from Washington— Still scrambling to stabilize the struggling housing market, the Obama administration will allow some unemployed homeowners to miss a year of mortgage payments without threat of foreclosure while they try to find a new job.
The expanded assistance — triple the current limit of four months for those with government-insured mortgages — could help “tens of thousands” of people keep their homes, Housing and Urban Development Secretary Shaun Donovan said.
“Helping struggling borrowers avoid default is not only good for those borrowers, it is good for the economy,” he said.
It would have been even better two years ago, but hey, bygones!
And really, who gives a rat’s ass about the people on the other end of our brilliant new policies? Progress!
So women are losing jobs and men are finding them. Thank God we’re back to the Godly way of life!
The sluggish recovery from the Great Recession has been better for men than for women. From the end of the recession in June 2009 through May 2011, men gained 768,000 jobs and lowered their unemployment rate by 1.1 percentage points to 9.5%.1 Women, by contrast, lost 218,000 jobs during the same period, and their unemployment rate increased by 0.2 percentage points to 8.5%, according to a new Pew Research Center analysis of Bureau of Labor Statistics data.
These post-recession employment trends are a sharp turnabout from the gender patterns that prevailed during the recession itself, when men lost more than twice as many jobs as women. Men accounted for 5.4 million, or 71%, of the 7.5 million jobs that disappeared from the U.S. economy from December 2007 through June 2009.
Employment trends during the recovery have favored men over women in all but one of the 16 major sectors of the economy identified in this report. In five sectors, notably in retail trade, men have gained jobs while women have lost them. In five other sectors, including education and health services and professional and business services, men gained jobs at a
faster rate than women. And in an additional five sectors, such as construction and local governments, men lost jobs at a slower rate than women. The sole exception to these patterns is state government, a sector of the economy in which women have added jobs during the recovery while men have lost them.
But since we have so many Republican governors who are firing state workers, I’m sure we’ll get those numbers in line with the rest of them. Progress!
I completely forgot to post my very enjoyable show with the esteemed Lance Manion from Tuesday night. (I also forgot my brother’s birthday was Sunday, so don’t feel singled out, Lance.) We talked about local government, what it takes to run for office and what progressives can do to change their towns.