Following up on yesterday's post about the Bush Adminsitration's meddling in the labor market, here's another revealing example of how committed the administration is to the Free Marke

The Center on Budget and Policy Priorities released an analysis this past Friday afternoon examining the impact of tax cuts for high-income households. In particular, the analysis attempts to understand the impact those tax cuts would (or would not) have on small businesses. CBPP used a broad definition of small business in their analysis when they looked at the impact of increasing the top two marginal tax rates, retaining the estate tax, and closing the carried interest loophole. The paper concludes:

The Economic Policy Institute has released the advanced version of The State of Working America, 2008/2009; full version will be available Jan. 2009. Described as the "most comprehensive independent analysis of the U.S. labor market" by the Financial Times, the 11th edition shows that the business cycle that started in 2001 will be one for the record books....Prepared biennially since 1988, The State of Working America scrutinizes family incomes, jobs, wages, unemployment, wealth, poverty, and health care coverage, describing the economy's effect on our nation's standard of living.

I came in this morning to find my inbox (well, it was actually my Google RSS Reader, but saying inbox sounds better) deluged with more stories about contractor malfesence. A quick rundown for our BudgetBlog readers: The Wall Street Journal reports that MVM Inc., one of the largests security contractors used by the U.S. intelligence community, has lost a huge CIA contract - worth up to $1 billion over five years. Apparently they were not providing enough armed security guards, which is strange because that was, you know, what they were contracted to do.