The intensive care of the U.S. economy has revealed a comatose patient. New factory orders, new housing starts, durable goods, unemployment figures, M2 money supply, the S&P 500 stock index, and the spread between the 10-year Treasury and the federal funds rate are the predictors for our economy’s health. If you were an emergency doctor with the finger on the pulse of this American economy under the current administration and Congress, you would be calling code blue.
Archive for Category: "Economy"
February 8, 2012 08:33
States Prove Lower Taxes Equal Growth in Jobs and Economy
Someone tell Obama. higher taxes have been tried. They fail to grow the economy and create jobs. DUH! Stuart Varney explains how states that have lower taxes and business friendly environments are growing in population, their economy and jobs.
February 8, 2012 08:08
Bernanke Points to ‘Increased Possibility of a Sudden Fiscal Crisis’
Bernanke said that the current trajectory of the federal budget – marked by large annual deficits – was “clearly unsustainable” and that “serious economic consequences” could result. – CNSNews.com
February 8, 2012 07:09
Bernanke’s Anti-Stimulus
If the Fed truly wished to help our economy get back to “normal” then it would allow the free choices of individual borrowers and savers to determine the interest rate. It would also end its implicit practice of picking winners and losers in our economy.
February 7, 2012 07:17
Fewer Nonfarm Employees Now Than December 2000; Unemployment Rate: Some Things Still Don’t Add Up; Obamanomics?
At a very modest labor force growth to 157 million (a mere 90,800 a month since the recession ended), the unemployment rate would be 9.8%. Using Bernanke’s estimate of 125,000 jobs a month, the labor force would be 158,480,000 and the unemployment rate would be 10.6%. Growing at the trend, the unemployment rate would be 11.5%. – Mish Shedlock
February 7, 2012 06:57
A Nation of Government Dependents?
In 2010, 49 percent — or nearly half — of the U.S. population lived in a household receiving government assistance. According to Investors.com, this percentage of the population has gone “up from 44 percent the year before Obama took office, and way up from 1983, when fewer than a third were government beneficiaries.”
February 7, 2012 05:34
A Fairness Quiz for the President
Is it fair that after the first three years of Obamanomics, the poor are poorer, the poverty rate is rising, the middle class is losing income, and some 5.5 million fewer Americans have jobs today than in 2007? – Wall Street Journal
February 7, 2012 05:15
Ninety-Nine Years of Evil
Class warfare was part of the deal from the beginning. The income tax turned the social fabric of the country into a giant lifetime boat, with everyone arguing about who had to be thrown overboard so that others might live.
February 6, 2012 07:42
The Unemployment Ploy – Making the Bad and the Ugly Look Good
The “jobs added” that Obama is bragging about is a statistical myth. The BLS estimated the “seasonal” decline in jobs in January was less than “it should have been” by 243,000 jobs. This is “seasonal adjusting.” Reporting this as an “increase” in jobs is just plain lying. The BLS even used different seasonal adjustment factors in coming to its conclusion to puff up the numbers to make Obama look good.
February 3, 2012 19:02
Super Bowl Party Sticker Shock as Food Prices Soar
As the Federal Reserve keeps printing dollars and forcing low rates to prop up the ailing economy food prices continue to rise. Most food up double digits from last year. Your Super Bowl party could cost you double this year. Also note the comment about a change of administration being good for the economy.
