Posts tagged as:

recession

US Economy as Bad as It Feels

January 30, 2013

Data was released today indicating that the economy contracted 0.1% in the fourth quarter of 2012.  This signals the first time the economy actually shrank since the second quarter of 2009.  If it shrinks in the first quarter of this year, we’ll be officially in a recession.  Regardless, I don’t trust much out of this [...]

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Eurozone Gets the Recession Blues

November 15, 2012

In the second and third quarters of 2012, the economy of the Eurozone countries fell 0.2% and 0.1%, respectively.  Accordingly, two consecutive quarters of economic contraction signals an economic recession.  Also, economic indicators suggest that both Germany and France are likely to contract in the fourth quarter, compounding the Eurozone’s problems.  Ireland, Spain, the Netherlands, [...]

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Obamacare Exposes “Politics of Dependency”

July 3, 2012

Obamacare’s “politics of dependency” does more than just create an unsustainable economic reality, but it hurts the soul of the citizen as well.  Psychiatrist Keith Ablow writes about the psychological problems of government dependency on young people.  More than anything to date, Ablow argues that Obamacare turns “We the People” into “We the Parents” and [...]

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Obama 2012: Making His Stand on the Hill of Class Warfare

September 19, 2011

How about soaking $1.5 trillion out of the “rich” in the spirit of “fairness” in order to reduce the deficit and jump start this economy? Silly, right?  Nonetheless, President Obama suggested just that, unveiling his big plan to fix the economy today, drawing the line in the sand and deciding to choose the unabashed class [...]

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9.1%

June 3, 2011

Ending a week of unpleasant economic news, America’s unemployment rate is back up to 9.1%, inching up one-tenth of a percent since April.  The U6 rate actually inched down the same amount in May to 15.8%, which can make sense given that the better the job outlook is, the more people will reenter the workforce.  [...]

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Tax Cut Compromise: Sabotaging the Hostage Takers?

December 8, 2010

The statist left is irate!  Our latest plunge into a Keynesian morass isn’t doing enough damage fast enough for some on the left and Obama is stuck defending his actions to his own base.  You’d think someone died listening to Obama defend extending the Bush tax cuts and you’d think someone was murdered listening to [...]

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Recovery Summer Continues at a Brisk 9.5%

August 6, 2010

The U3 rate (those without jobs who are still actively looking for them) for July was 9.5%, which is steady from June.  Stocks are a little shaky today on the news of still more lost jobs.  For the record, here’s a chart of U3 rates for Obama’s presidency: Obama Nation Unemployment Rate January 2009- July [...]

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Obama’s Blame Bush License Expires as Economic Growth Returns

January 29, 2010

The country received some excellent news today when it was announced the that the economy grew at a rate of 5.7 percent during the fourth quarter of 2009.  Of course we still have to wait to see what the adjusted numbers show because the initial release doesn’t always get it exactly right and this administration [...]

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How To Stifle a Recovery: Raise the Minimum Wage

July 28, 2009

With economic indicators predicting that the economy is starting to show signs of recovery, one would think that we are nearing the end of this national nightmare of an economic disaster.  Yet last Friday, a Democrat government policy went into effect that could cause some of the recent stabilization of the economy to backslide.   Friday [...]

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Biden’s Rhetoric vs. Jindal’s Results

February 26, 2009

Bobby Jindal’s response to Obama’s pseudo State of the Union address may have been more effective than the pundits give him credit for.  Why else would the White House send out Vice President Joe Biden to try to undermine Jindal’s credibility?  According to the Vice President, people shouldn’t take Jindal’s arguments about the proper size [...]

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Grow a Spine for a Ray of Hope

January 30, 2009

Rasmussen Reports has a new poll out showing that only 42 percent of the American people support Barack Obama’s stimulus package. That’s down three points from a week ago. Although the media will not report this lackluster showing for Obama’s plan or the fact that support is dropping with the same zeal they used to [...]

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