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Broken Record: Obama to Focus on the Economy

July 24, 2013

President Obama begins his latest full-fledged campaign-style tour around the nation, this time so he can take credit for the economy.  This within a week of his blessed Detroit declaring bankruptcy, and with unemployment stuck at 7.6% with no indication that’s going to change substantially any time soon. So, what’s he doing? To me there [...]

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Surprise! Unemployment Drops to 7.8%

October 5, 2012

This morning the Bureau of Labor Statistics released their numbers showing a drop in the unemployment rate to 7.8% for the month of September.  The U6 figure, however stayed put at 14.7%.  Given the data that BLS released, many are shocked by the numbers.  Some say that they don’t make sense, while some go further [...]

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Democrats Dodging the Big Question

September 3, 2012

The big question any incumbent President needs to have the people answer if he seeks reelection is:  are you better off than you were four years ago? In 2004 answering that question was complicated.  9/11 changed things, Bush kept us safe at home, and subsequently won that argument. 2012 yields a complicated answer too.  Are [...]

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Unemployment Ticks Up to 8.3%

August 3, 2012

The Labor Department’s July jobs report saw unemployment tick up to 8.3% last month. Even worse, the more complete U6 unemployment statistic rose to 15%!  There were a few new hires, but also plenty of people dropping out of the work force altogether.  Manufacturing shrank, but so did black and Hispanic unemployment.  But, it’s evident [...]

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Bad Day for O: Bill Clinton and Unemployment Sting

June 1, 2012

Anti-growth, over-regulated government engineering and fear-mongering doesn’t work in a free market system — it never has over the long-run.  Keeping the business community wondering what’s going to happen next also doesn’t help. As such, unemployment rose to in May to 8.2%, with the U6 underemployment figure moving up to 14.8%, reinforcing that the economy’s [...]

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Unemployment Drops to 8.1%

May 5, 2012

Why is it that the unemployment rate goes down at the same time more people aren’t working?  Welcome to the Obama Nation in re-elect mode! Unemployment officially dropped to 8.1% (U6 held steady  at 14.5%) in April, but more people left the workforce nonetheless — the proportion of Americans not working hasn’t been this low [...]

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December 2, 2011

Unemployment dropped to 8.6% in the month of November, showing the lowest number since March 2009!  The U6 number also dropped to 15.6%. While good news, it’s not really.  The problem is the way the unemployment numbers are calculated — they don’t count labor force dropouts, which outnumbered new hires by 300,000 last month!  So [...]

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9.1%… Again

October 7, 2011

The first Friday of the month has become Groundhog Day — once again our U3 unemployment is at 9.1%, this time for the month of September.  However, 16.5% of the public is still really out of work.  It’s taking such a toll on the economy and the administration that even Joe Biden noticed, saying: “And [...]

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Axis of Right Radio, Show #13, July 21, 2011

July 21, 2011

Episode #13 of Axis of Right Radio is now available. In this unlucky episode #13 (in which much of the podcast made the cutting room floor), Axis of Right takes a look at the ongoing debt ceiling debate, and then has a roundtable of various topics ranging from Derek Jeter’s 3000th career hit to how [...]

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Oh That Woeful Economy!

June 1, 2011

Wall Street generally doesn’t like bad news and today it got some:  manufacturing’s down, the private sector only created about 38,000 jobs, and with new unemployment stats due on Friday, this could be a bummer of a week. But I don’t worry about Wall Street so much anymore.  When a possible misprint of a “b” [...]

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The 2011 Economy

January 3, 2011

On this first business day of the new year, economic analysts are putting forth their own predictions for the economic situation that will unfold in 2011.  The flailing economy has been one of the major stories for the past two years, and one of the major reasons for the Republican electoral landslide this past November.  [...]

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Axis of Right Radio, Show #8, August 11, 2010

August 11, 2010

Episode #8 of Axis of Right Radio is now available. In this episode, Mike, Ryan, and Sal discuss the role of the federal government; several states that are fighting back against ObamaCare; the economy’s loss of another 131,000 jobs; Pelosi and the Word; Massachusetts ditching the Electoral College; A federal judge ignoring Federalism and the [...]

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Sen. Coburn Plays Hardball in the Senate

March 25, 2010

A month ago, Sen. Jim Bunning (R-KY) denied unanimous consent to the Democrats to pass an automatic extension to unemployment benefits without finding a way to pay for it, or without  roll call vote.  Bunning is an unpopular Senator, so he was somewhat ridiculed.  Today, another extension to the same provision was brought to the [...]

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Excuses, Excuses

March 2, 2010

It looks like the Obama administration is preparing for a bad unemployment report this week, as Obama economic adviser Larry Summers is coming up with excuses, blaming the bad weather of February’s blizzards for increased unemployment.  This several days before the report is to come out, so the administration must be preparing for some real [...]

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Jobless Claims Rise Unexpectedly, As Expected

February 18, 2010

First time jobless claims were up 31,000, to a seasonally-adjusted 473,000.  As expected, this rise was “unexpected.”  I have yet to see any economic report where the analyst’s expectations were met.   Rush is right on this.  If they are so often wrong, and results are always “unexpected”, why bother expecting anything in the first [...]

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The Porkulus Bill – One Year Later

February 17, 2010

The stimulus Porkulus Bill is one year old today.  It was signed into law by President Obama on February 17, 2009, with many promises: The porkulus promised to “create or save” 3.5 million jobs.  Since February 17, 2009, we’ve lost 2.4 million jobs. The administration promised that, with the porkulus, unemployment would cap out at [...]

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Jobless Claims Up

February 4, 2010

New jobless claims “rose unexpectedly” to 480,000, for the week ending January 30.  Economists are concerned that the bottoming-out of the labor market that they all thought had occurred has simply not occurred.  Unemployment shows no signs of abating, and all the Democrats want to do is spend more.  Their mantra “jobs, jobs, jobs” can [...]

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Solving Unemployment by Discouraging Workers

February 3, 2010

Jim Geraghty has an amusing video on how Obama is making the unemployment numbers go down – by turning unemployed workers into discouraged workers. Geraghty talks about the discouraged workers as not being counted by the unemployed, but misses the other classifications of workers, including those who are open to work but not looking (marginally [...]

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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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July 2, 2009

Or to put in another way:  Nine point five percent!   Bad humor, but in all seriousness at the end of the day there’s no good way view this.  That’s the highest unemployment rate we’ve seen since August 1983, as the US economy shaved another 467,000 jobs in the month of June.  Unemployment is considered a lagging indicator when [...]

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Ominous Economic Signs

May 8, 2009

Two stories today paint a rather dire picture of the current economic situation.  First, jobless numbers were released today, showing the economy losing another 539,000 jobs in April.  Since Inauguration Day, the economy has lost 2,585,000 jobs, bringing the unemployment rate up to 8.9%, the highest in over 25 years.  The loss of private-sector jobs, [...]

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Rogue’s Island Strikes Again with Even Higher Taxes

December 7, 2008

I couldn’t resist commenting on this latest scheme out of my former home state, the dying State of Rhode Island and Providence Plantations!  Because the Democrat-controlled state legislature is invested so heavily in buying the votes of their constituents through the welfare-state socialism and corruption which has dominated Lil’ Rhody for decades, they simply cannot “cut” any program [...]

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