Jobs Report in Videos, Vine and Music
on January 11, 2014
4 Comments
Economy Tag
Looking at 2013 economic news for clues to 2014
on December 31, 2013
3 Comments
As I was reviewing the economic news of 2013, I felt a few updates might be in order as we conclude the wild ride that this year has been. One of the most fascinating stories of the year, from my capitalism-loving point-of-view, centered on Cyprus. In...
Unexpected jump in consumer sentiment coincides with polls showing Obama could lose
on October 12, 2012
24 Comments
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...
Obama’s stall-speed economy
on September 27, 2012
14 Comments
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 numbers show the U.S. economy grew at only a 1.3% annual rate in the April through June...
Milton Friedman v. Obama/Warren/Lakoff
on July 31, 2012
37 Comments
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 from George Lakoff. ...
Obama’s vision of the state as master, not as servant
on July 18, 2012
31 Comments
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...
Berkshire Hathaway’s Munger: “Civilized people don’t buy gold”
on May 06, 2012
28 Comments
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...
The Obama Great Failed Recovery
on April 15, 2012
22 Comments
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...
Caterpillar will build new plant outside Illinois due to negative business climate
on February 09, 2012
34 Comments
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...
Joe the Ford Buyer
on September 16, 2011
21 Comments
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"...
“over 66 percent expect that the size of their workforce will either stay the same or decrease over the next year”
on August 19, 2011
11 Comments
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 the size of their workforce will either...
If this is “halfway there,” can you imagine what “there” will be?
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,...
How bad must it be when banks don’t want your money
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...
Keep this quote handy
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...
Debt Ceiling Tweet of the Day
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: ...
Our President Really, Truly Does Not Understand The Economy
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...
Palin Email Frenzy Media Participation Rate falling fast
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...
