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Economy Tag

Posted by William A. Jacobson on August 21, 2010 1 Comment

In a story today at Politico, Harry Reid's strategy: Winning ugly, Reid makes one of his favorite points in responding to Sharron Angle's assertions that Reid bears at least some responsibility for the economic decline in Nevada:Reid contends that if Angle attacks him on the...

Posted by William A. Jacobson on August 08, 2010 9 Comments

The image of Obama as King (via Instapundit) has been inspired by Michelle Obama's over-the-top journey to the coast of Spain, the latest in a line of seemingly imperial indifferences to optics in these difficult economic times.The Daily News compared it to the royal court...

Posted by William A. Jacobson on August 05, 2010 22 Comments

Nothing would surprise me anymore.Some are expecting an "August Surprise" in which Democrats would propose that Fannie Mae and Freddie Mac write off hundreds of billions in mortgage debt owed by people who are under water (i.e., they owe more than the house is worth).Call...

Posted by William A. Jacobson on August 01, 2010 25 Comments

Allowing people to keep more of what they earn is a horrible giveaway tantamount to welfare for the rich, rendering anyone who would suggest such a thing evil and greedy.That attitude is the fundamental public policy prescription of the Democratic Party and supportive economists, as...

Posted by William A. Jacobson on July 19, 2010 1 Comment

Chalk this one up to the category of jobs destroyed by Obama (emphasis mine):The Obama administration’s push to accelerate General Motors Co. and Chrysler Group LLC dealership closings, aimed at helping the companies compete, may not have been necessary and added to unemployment, a U.S....

Posted by William A. Jacobson on July 18, 2010 3 Comments

We really do need wealthy people, after all. Wealthy Reduce Buying in a Blow to the Recovery:The economic recovery has been helped in large part by the spending of the most affluent. Now, even the rich appear to be tightening their belts.Late last year, the...

Posted by William A. Jacobson on July 11, 2010 15 Comments

In an upcoming issue of The Weekly Standard, Bill Kristol pens an editorial in which he argues that while "we are not not now quite at a founding moment, or even a re-founding moment," we are approaching a point of political crisis which will be...

Posted by William A. Jacobson on July 05, 2010 15 Comments

Paul Krugman reserved July 4 for what must be a deliberate deception, Punishing the Jobless, on the issue of extending unemployment benefits, which recently failed to pass the Senate.Krugman blames Republicans, whom he terms "heartless":By the heartless, I mean Republicans who have made the cynical...

Posted by William A. Jacobson on July 03, 2010 7 Comments

A California appeals court has upheld an Order by Gov. Arnold Schwarzennager temporarily cutting state employees back to the federal minimum wage since the California legislature has not passed a budget and is facing a $19 billion annual deficit. As reported in The San Francisco...

Posted by William A. Jacobson on July 02, 2010 8 Comments

So stifle the economy and scare employers into not hiring that people simply give up looking for jobs, and therefore are not counted in the unemployment rate.That is what the jobs numbers just released show (emphasis mine):Employers cut 125,000 jobs last month, the most since...

Posted by William A. Jacobson on June 28, 2010 7 Comments

We all know how carefully the Obama administration touts the mythical "jobs created or saved" (or is it "saved or created"?).We also know how many jobs have been lost since the Stimulus Plan passed (well over 2 million, even including expansion of government jobs).But,is anyone...

Posted by William A. Jacobson on June 26, 2010 6 Comments

A tweet from Ed Driscoll linked to this photo of an IBM 350 5 Megabyte data storage unit, circa 1956, part of a system which leased for $3200 per month:Here is what a 5 Gigabyte flash drive looks like now, costing about $50:Identifiable jobs were...

Posted by William A. Jacobson on June 25, 2010 10 Comments

Yesterday I posted about a speech by Sheldon Whitehouse (D-RI) in which Whitehouse accused Republicans of having no compassion for the unemployed. The speech was classic Whitehouse, painting anyone who opposed his view as morally inferior and heartless.And it is a theme hit not only...

Posted by William A. Jacobson on June 24, 2010 4 Comments

Sheldon Whitehouse has taken to the floor of the Senate again to accuse everyone who opposes driving the country further into debt of being against people who are suffering financially.But that accusation, much like Whitehouse's accusations against opponents of ObamaCare, is based on a false...

Posted by William A. Jacobson on May 28, 2010 8 Comments

Another rich person is building a house bigger than mine, right on the beach in my hometown, unlike my humble abode a few blocks in. Terribly unfair. The owners obviously did not know that they had made enough money two blocks from the beach.Can't we...

Posted by William A. Jacobson on May 24, 2010 4 Comments

Why does Obama want us to be more like Europe, with its supposedly compassionate and fair welfare state?The welfare state is not compassionate; it is the height of selfishness and generational cruelty:Across Western Europe, the “lifestyle superpower,” the assumptions and gains of a lifetime are...

Posted by William A. Jacobson on May 20, 2010 5 Comments

"Stocks fell sharply Thursday after an unexpected spike in jobless claims and as global jitters pushed the dollar higher." (via CNBC)More flesh put on the bone by The Washington Post:New jobless claims filed last week rose by 25,000 to 471,000, the government reported moments ago,...

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