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Economy Tag

Posted by Mike LaChance on October 23, 2020 33 Comments
Saying the United States should transition away from fossil fuels is a popular idea on the left. It's not workable in real life, however. Millions of people depend on fossil fuels not only to heat and light their homes, but for their jobs. During the final debate last night, Joe Biden said the United States should transition away from the oil industry. This was red meat for his base and the Bernie Sanders wing of the party, but it won't play with millions of voters who live in the real world.

Posted by Mike LaChance on September 13, 2020 23 Comments
Have you been listening to Joe Biden's economic message lately? If you have, you may find that it sounds a bit familiar. It almost seems like Joe is going to say "Make America Great Again" any day now. They say imitation is the sincerest form of flattery, but in Biden's case, it just sounds like his latest attempt at plagiarism.

Posted by Mike LaChance on August 14, 2020 89 Comments
The city of Minneapolis is requiring businesses destroyed by the recent riots to pre-pay their 2020 property taxes before they can even officially demolish and rebuild their businesses. The city allowed these businesses to be destroyed, and now wants a ransom from the very people they victimized. When do the business owners start rioting, or at the very least, packing up and leaving?

Posted by Vijeta Uniyal on August 01, 2020 7 Comments

European Union economies have taken a big hit in the wake of the Wuhan coronavirus pandemic, registering their biggest decline in recent history. The eurozone economies, comprising of 19 out of 27 EU member states, reported an annualized GPD decline of 40.3 percent, higher than the annualized drop of 32.9 percent registered in the United States. 

Posted by Mary Chastain on July 30, 2020 5 Comments
About 1.434 million Americans filed unemployment claims last week as states issue another shutdown due to spikes in coronavirus cases. The GDP also crashed to a 32.9% annualized rate, which is the biggest drop on record. Overall, the GDP dropped 9.5% between the first and second quarters. But we have to remember the GDP report contains numbers between March and June. It doesn't tell us what is happening now or tomorrow.
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