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Economy Tag

Posted by William A. Jacobson on August 18, 2011 18 Comments

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 the 400,000 level in the latest week,...

Posted by William A. Jacobson on August 05, 2011 19 Comments

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...

Posted by William A. Jacobson on August 04, 2011 8 Comments

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...

Posted by William A. Jacobson on August 03, 2011 4 Comments

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: ...

Posted by William A. Jacobson on June 15, 2011 22 Comments

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...

Posted by William A. Jacobson on June 13, 2011 5 Comments

On Friday the media was in a complete frenzy to get Sarah Palin, enlisting a cast of thousands to scour the 24,000 pages of e-mails released by the State of Alaska.As just about everyone now acknowledges, the major networks and print newspapers never devoted a...

Posted by William A. Jacobson on June 02, 2011 2 Comments

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...

Posted by William A. Jacobson on June 01, 2011 10 Comments

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...

Posted by William A. Jacobson on May 29, 2011 12 Comments

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...

Posted by William A. Jacobson on May 06, 2011 12 Comments

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...

Posted by William A. Jacobson on May 02, 2011 1 Comment

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 land a summer job in the coming months as a result of a still-poor job market...

Posted by William A. Jacobson on April 28, 2011 10 Comments

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...

Posted by William A. Jacobson on April 24, 2011 26 Comments

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...

Posted by William A. Jacobson on April 05, 2011 11 Comments

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...

Posted by William A. Jacobson on March 13, 2011 16 Comments

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...

Posted by William A. Jacobson on March 04, 2011 11 Comments

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,...

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