US Action News

Total employment is 2.2 million below the 2007 level in spite of 13 million more people of working age.

After seeing what’s in it, most Americans are dismayed, as the realities of implementing ObamaCare displace the hallucinations that spawned its passage.

We’ll see a spike in tweets from @WhiteHouse and @BarackObama promoting the same economic policies that have delivered anemic economic growth, $17 trillion in debt, and left 12 million Americans still unemployed.

Levin hopes his latest, “The Liberty Amendments,” out mid-August, will spark the state lawmakers to tap a rarely used Constitutional provision to institute measures that would brake President Obama’s use of executive orders, bar thousand-page laws and collar inventive judges. – Washington Examiner

Even the Obamacare bill’s author has called it a “train wreck.” It’s so bad Obama wants to delay the worst parts until after midterm elections so the low information voters won’t notice until after it’s too late.

Detroit is only just the beginning. When the next major financial crisis strikes, we are going to see a wave of municipal bankruptcies unlike anything we have ever seen before.

The loss of income from the redemptions comes to a cool $3.3Bn a year. That is chump change at SSA – but it will happen again next June when another chunk of high coupon paper rolls off the books. – Bruce Krasting

The policies that are being employed to create the appearance of economic and market stability are not effectively addressing the underlying symptoms of economic malaise; in fact, they are exacerbating them.

It’s not “progress” to merely repeat what has always ended in disaster. The road less traveled is freedom, in economics as much as anywhere.

The biggest risk is that created by our own politicians and institutions – by those we trust to somehow protect us from risk.