Image 01 Image 03
Sign In or RegisterLogout

Economy Tag

Posted by William A. Jacobson on November 04, 2010 23 Comments

Need I say more to Barney Frank than Margery Egan says today in The Boston Herald:After 30 years, Barney Frank finally lost my vote.On election night, he lost my respect as well.Frank’s road rage acceptance speech was an out-of-body experience.There was the congressional king of...

Posted by William A. Jacobson on September 22, 2010 2 Comments

...Sounds like a plan, to me.  And a campaign theme.-------------------------------------------- Follow me on Twitter, Facebook, and YouTube...

Posted by William A. Jacobson on September 20, 2010 8 Comments

The National Bureau of Economic Research has declared that the recession ended, statistically speaking, in June 2009.  As reported by the L.A. Times:Reporting from Washington — The panel of economists that dates the nation's economic cycles declared Monday that the recession that started in December...

Posted by William A. Jacobson on September 08, 2010 12 Comments

Via The Washington Post, a story about how 200 U.S. factory workers lost their jobs as part of the banning of incandesent light bulbs:The last major GE factory making ordinary incandescent light bulbs in the United States is closing this month...

Posted by William A. Jacobson on August 25, 2010 7 Comments

The credibility of the Congressional Budget Office suffered a grievous blow during the health care debate when the CBO was forced by Harry Reid to "score" Obamacare using preposterous and plainly contrived assumptions in order to keep the cost estimates below a trillion dollars.Now, the...

Posted by William A. Jacobson on August 22, 2010 3 Comments

Mission accomplished.  We're just like Europe, at least in terms of Gross Domestic Product per person (emphasis mine):For quite some time, the US and the leading EU countries have been fairly comparable in terms of output per hour worked. The US has had higher output per person...

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...

Accessibility by WAH