Economy  (Page 10)

“Yes you can accept free money from the government.”

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Posted by  ▪  Thursday, June 2, 2011 at 12:50pm 6/2/2011 at 12:50pm

Maybe I should start a Gravitas Series, and invite Dr. Rube Goldberg to the opening ceremony.

The most brilliant minds in the world devised the housing double dip, and they didn’t even know it:

Housing’s Double Dip: Is the Government to Blame?

The S&P; Case-Shiller home price data for the first quarter of...

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Obama’s Great Experiment Is Ending Badly

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Posted by  ▪  Wednesday, June 1, 2011 at 12:49pm 6/1/2011 at 12:49pm

The great experiment devised by the most brilliant mind ever to occupy the Oval Office, the massive expansion of government and the piling on of debt and regulations, is not working:

U.S. companies hired far fewer workers than expected in May and output in the manufacturing sector slowed to its lowest level since...

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Now Is Not The Time To Play It Safe

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Posted by  ▪  Sunday, May 29, 2011 at 10:00am 5/29/2011 at 10:00am

Choices will have to be made soon, and chief among them is whether to tackle the debt problem head on and take the political risk, or not.

I don’t see it as much of a risk.  Obama will not be defeated unless front and center is the damage to...

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Unemployment Rate Up To 9%

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Posted by  ▪  Friday, May 6, 2011 at 8:37am 5/6/2011 at 8:37am

In a just released report by the Bureau of Labor Statistics, the unemployment rate increased from 8.8% to 9.0%.

The “unemployment rate” can be somewhat misleading, as I have pointed out in the past, because as more people drop out of the labor market (i.e. give up even looking for work) the...

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Back to Reality

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Posted by  ▪  Monday, May 2, 2011 at 5:00pm 5/2/2011 at 5:00pm

Back to reality.  Osama bin Laden is still dead, and the economy still stinks, Teen joblessness may hit record this summer:

A record-low one in four U.S. teenagers will l...

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Post-Birth Certificate Poll Bounce for Obama?

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Posted by  ▪  Thursday, April 28, 2011 at 9:39am 4/28/2011 at 9:39am

Maybe, just maybe slightly.  But it will not last.  Here’s why:

In the week ending April 23, the advance figure for seasonally adjusted initial claims was 429,000, an increase of 25,000 from the previous week’s revised figure of 404,000. The 4-week moving average was 408,500, an increase of 9,250 from the previous...

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“But how in the world did Mrs. Palin, who is supposed to be so thick, manage to figure all this out so far ahead of the New York Times and all the economists it talked to?”

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Posted by  ▪  Sunday, April 24, 2011 at 2:53pm 4/24/2011 at 2:53pm

Back in November, Sarah Palin delivered a sharp criticism of Fed monetary policy, as reported by The Wall Street Journal:

Sarah Palin, delving into a major policy issue a week after the mid-term elections, took aim Monday at the Federal Reserve and called on Fed chairman Ben Bernanke to “cease and desist”...

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“The safety net for the poor is coming apart at the seams”

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Posted by  ▪  Tuesday, April 5, 2011 at 11:17am 4/5/2011 at 11:17am

That’s the phrase that jumped out at me from Paul Ryan’s op-ed in The Wall Street Journal setting forth the Republican proposal to reform the system of entitlements which is driving us off a debt cliff (emphasis mine):

No one person or party is responsible for the looming crisis. Yet the facts...

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What Don’t You Understand About Growing The Pie?

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Posted by  ▪  Sunday, March 13, 2011 at 10:06am 3/13/2011 at 10:06am

The 400 wealthiest people control more wealth than that controlled by bottom economic half the population. Michael Moore said it, and PolitiFact checked it, so it must be true.

So what?

There is no limit to wealth in a free-market, capitalist society, unlike a socialist society where government controls the means of production and...

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Worse Is Better, and Less Is More

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Posted by  ▪  Friday, March 4, 2011 at 5:55pm 3/4/2011 at 5:55pm

There is an economic measurement phenomenon developing which has the potential — in a bass ackwards way — to help Obama’s re-election prospects.

The jobs situation is so bad and so lacking in hope that more and more people simply are dropping out of the workforce, which has...

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You Are The “Suckers” Democrats Have Been Waiting For

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Posted by  ▪  Wednesday, February 16, 2011 at 12:20pm 2/16/2011 at 12:20pm

So how are we supposed to have an “adult conversation” with a President and Demcoratic Party who view the fiscal mess as just another political game?

Via Politico:

Obama’s decision to avoid entitlements was instantly deemed as irresponsible. Progressive blogger Andrew Sullivan interpreted the message as “screw you, suckers” to future generations. The usually...

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Great News! Taxes Are Lower! (er, because economy stinks)

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Posted by  ▪  Tuesday, February 8, 2011 at 9:00am 2/8/2011 at 9:00am

The AP (via CBS News) has a headline sure to warm the hearts of the Obama communications team:  High Taxes? Actually, They’re at a 60-Year Low:

Actually, as a share of the nation’s economy, Uncle Sam’s take this year will be the lowest since 1950, when the Korean War was just getting...

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What Is Wrong With These Pictures?

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Posted by  ▪  Tuesday, February 8, 2011 at 7:30am 2/8/2011 at 7:30am

Personal and national debt burdens are moving in opposite directions (charts via Bubble Meter, one of my favorite blogs).

Household debt service payments as percentage of disposable personal income:

Contrasted with federal budget deficit as percentage of GDP:

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Obama Jobs Strategy In One Sentence

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Posted by  ▪  Sunday, February 6, 2011 at 7:30am 2/6/2011 at 7:30am

Thanks to @DDsModernLife for pointing out this comment by reader A. Dumas, in response to my post Houdini Economics:

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Related Posts:
SOTU Speech In One Sentence
Exclusive – First Draft of Obama’s SOTU Speech
Jewish History In One Sentence

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Houdini Economics – Unemployment Rate Drops Sharply But Almost No New Jobs Created

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Posted by  ▪  Friday, February 4, 2011 at 8:49am 2/4/2011 at 8:49am

Good political news for the Obama administration.  The Bureau of Labor Statistics has released a report for January 2011 showing that the unemployment rate dropped to 9%, with over 500,000 people finding jobs.

But only 36,000 new jobs were created in the economy, which essentially is none given the magnitude of the...

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Exclusive – First Draft of Obama’s SOTU Speech

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Posted by  ▪  Sunday, January 23, 2011 at 11:37am 1/23/2011 at 11:37am

First draft of Obama’s upcoming State of the Union Address, as edited by the White House communications team:

My Fellow Americans,

I have a plan, but I can’t tell you about it because you are worried about jobs.  If I really cared what you thought about...

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Key Numbers In Unemployment Report Not So Good

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Posted by  ▪  Friday, January 7, 2011 at 8:59am 1/7/2011 at 8:59am

Needless to say, administration supporters will be touting that the unemployment rate released by the Bureau of Labor Statistics this morning dropped from 9.8% to 9.4%.  Politically, this is good news for Obama, at least in the short run.

Dig just a bit deeper, and you will see that 0.2% of that...

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