Is this an admission or just another example of the gaffe-prone nature of the president of our 57 states? “So, when you hear folks saying ‘Well, the president shouldn’t want massive job killing tax increases when the economy is this weak.’ Nobody’s looking to raise taxes right now. We’re talking about potentially 2013 and the […]
On Friday, the Bureau of Labor Statistics announced that 18,000 jobs had been created in June and the unemployment rate had inched back up to 9.2 percent. A deeper look at the numbers includes some even scarier facts. The jobs survey was exceptionally bleak even in its details. Job growth in April and May was […]
First, the facts. Here’s a chart showing the employment picture since the start of the recession for the last 4 recessions. Here’s Mitt Romney: "It's been a failure in the last several years to get America back on track again. It's taken longer to get Americans back to work than it took during the Great […]
Former Bush 43 economic policy adviser Lawrence Lindsey points out in today’s Wall Street Journal that our economic situation is actually worse than it’s made out to be. First, a normalization of interest rates would upend any budgetary deal if and when one should occur. At present, the average cost of Treasury borrowing is 2.5%. […]
Last week, Politifact rated a claim by the Texas Public Policy Foundation that Texas had created more jobs over the last five years than the other 49 (or 56) states combined. In Politifact’s “analysis” this completely accurate statement was listed as “half-true.” The mental gymnastics required to come to this conclusion were summed up by […]
I filled up my gas tank yesterday. The debit card/cash price was $4.23 a gallon at the cheapest place in town. The total bill was $64.25. The good news is that I no longer have a 66-mile round-trip commute to work 5 days a week anymore and that if worst came to absolute worst, I […]
Rep. Jesse Jackson Jr. decries the demise of the buggy whip manufacturing industry. iPad to blame for Borders bankruptcy But what about all the trees that are saved? Alternate headline: Jesse Jackson Jr. calls for clearcutting the Amazon.
My gas tank is nearing empty and only one thing’s for sure: The next time I fill up I’ll be paying more than $4 a gallon. At an appearance earlier this week at a foreign-owned wind turbine plant in Pennsylvania, President Barack Obama was asked about high gas prices. In an AP report that has […]
I’m sure you’re familiar with the old bumper sticker: “I can’t be overdrawn, I still have checks left.” Well, that sort of “logic” now passes for serious economic analysis for The New York Times’ Paul Krugman. The nation is not, in fact, “broke.” The federal government is having no trouble raising money, and the price […]