Optimism is sweeping the country unexpectedly (via Drudge):
U.S. consumer sentiment unexpectedly rose to its highest level in five years in October as consumers became more optimistic about the overall economy in a possible boost to President Obama’s reelection hopes next month….
The Thomson Reuters/University of Michigan’s preliminary October reading on the overall...
Today the Wall Street Journal‘s Paul Vigna referred to the U.S. economy as the “Stall-Speed Economy” after the latest economic data was released this morning. Most striking: revised...
Today would be Milton Friedman’s 100th birthday.
I’ve played this video before, but it’s particularly timely in light of the “you didn’t build that” narrative which has become the foundation of the Obama campaign taken from Elizabeth Warren who took it
As you know from the primaries, I’m no fan of John Sununu.
But when it comes to Obama’s complete lack of understanding and disdain for what makes this country’s economy work, Sununu got it right yesterday
Despite the media hoopla, tell me exactly what was wrong with this statement:
In a conference call with reporters, former...
This Friday Charles Munger of Berkshire Hathaway addressed the growing interest by Americans in investing in gold. Munger, Warren Buffett’s “right-hand man,” and the vice chairman of Berkshire Hathaway made his comments on CNBC:
Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in...
What is known in the media and Obama campaign speak as The Worst Recession Since The Great Depression, or The Great Recession, is Obama’s excuse for everything.
It’s Bush’s fault, Obama inherited all our problems, etc.
The Bush Great Recession is Obama’s pass to pass the buck.
So keep in mind, and repeat endlessly through November...
Caterpillar has ruled out building a planned new plant in Illinois due to the negative business climate, via AP:
“Please understand that even if your community had the right logistics for this project, Caterpillar’s previously documented concerns about the business climate and overall fiscal health of the state of Illinois still would...
Would anyone consider it “unexpected” if a variety of federal governmental agencies subjected Ford to a regulatory colonoscopy because of this commercial, which has clear political overtones. Of course, they will not phrase it that way, it will be to “save the environment” or “protect children” or some other pretext.
And the guy...
Those are the findings of a survey of CEO’s by ChiefExecutive.net (h/t @billhobbs):
Unemployment numbers remain consistently high and CEOs are wary of future business conditions. In fact, chief executives are so pessimistic that over 66 percent expect that...
It’s hopeless with the current man at top.
Flickers of job hope quickly fade because there is a cloud hanging over the country’s economy and job growth:
The number of people who applied for unemployment benefits last week rose back
above...
This is a very curious development, via The Wall Street Journal:
Bank of New York Mellon Corp. on Thursday took the extraordinary step of telling
large clients it will charge them to hold cash.The unusual move means some U.S. depositors will have to pay to keep big chunks of money in a bank,...
Because you are going to see an attempt by Team Obama and its friends in the media to blame the sluggish economy and paltry job growth on the Republican refusal to give Obama a clean debt ceiling increase.
And it already has started, with Paul Krugman claiming...
An article titled With Debt Deal in Hand, When Does Geithner Quit? prompted this response from self-described liberal Prof. Dan Kennedy of Northeastern Univ. in Boston:
And they complain that Sarah Palin is “stupid” and unfit to be President?
Obama recently expressed a view of the economy in which
technological innovation is viewed as
a threat to jobs:
President Obama explained to NBC News that the reason companies aren’t hiring is not because of his policies, it’s because the...
