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Economy Tag

Posted by William A. Jacobson 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. ...

Posted by William A. Jacobson 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...

Posted by Anne Segal 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...

Posted by William A. Jacobson 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...

Posted by William A. Jacobson 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...

Posted by William A. Jacobson 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"...

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...

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