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Obamanomics Tag

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 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 4 Comments

Last summer's Cash for Clunkers program artificially boosted used car prices by requiring destruction of the clunkers, thereby restricting the supply of used cars.That was bad enough for people looking to buy used cars.But the market distortion caused by government intervention is hitting Rhode Islanders...

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 July 01, 2010 4 Comments

Four months left until the November election. Time is running out on the Obama agenda.Not the time to ease up, but to push harder because soon it will be too late.Democrats are approaching ramming speed trying desperately to complete the picture, having taken over the...

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 24, 2010 19 Comments

Saw this yesterday while on a walk in the most pro-Obama voting state in the country:What most amazed me was that someone was willing to put such a bumper sticker on the car. In 2008 people were afraid to use McCain/Palin bumper stickers for fear...

Posted by William A. Jacobson on June 19, 2010 8 Comments

Barack Obama has staked the energy future of this country on wind energy:"Some say" Obama is obsessed with wind energy: Obama's speech: There's a pipe spewing a gazillion gobs of oil into the gulf, so let's build more windmillsAs with Obama's dream for socialized health...

Posted by William A. Jacobson on June 17, 2010 12 Comments

There is so much wrong with how Barack Obama has handled the Gulf oil spill, it's almost hard to know where to begin.Put aside the ineptitude of the approval process and clean up response. For today, I'm focusing on the tentative settlement with BP. While...

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 15, 2010 11 Comments

The fiscal equivalent of Stockholm Syndrome:A term used to describe a paradoxical psychological phenomenon wherein government officials express adulation and have positive feelings toward unsustainable union contracts that appear irrational in light of the danger or risk posed by such contracts to the government.Our politicians...

Posted by William A. Jacobson on April 30, 2010 1 Comment

I said it: Oh, please. Obama's multi-trillion dollar spending spree is a lobbyist's wet dream. More money will be made by more lobbyists divvying up this pork than in the collective history of the United States.And they dreamed it: I can't believe I put "wet...

Posted by William A. Jacobson on April 20, 2010 15 Comments

On March 11, I reported on a proposal by a New York State Democratic legislator to ban salt in restaurants, Leave Our Salt Alone.One political scientist, who also totally missed the Scott Brown election call, vehemently objected that the claim the government would regulate salt...

Posted by William A. Jacobson on April 16, 2010 2 Comments

Two weeks ago, unemployment numbers were released supposedly showing a jobs recovery, leading the New York Times and others to cheer how we had turned the corner. Steve Benen at Washington Monthly declared that this was a "breakthrough month" (rah-rah).As I discussed at the time,...

Posted by William A. Jacobson on April 03, 2010 6 Comments

The jobs numbers released yesterday were nothing to cheer. Strip out the temporary hiring of Census workers, and a weather-related adjustment from February, and there was almost no net job growth. As the stagnant 9.7% overall jobless rate reflected, there was no meaningful job...

Posted by William A. Jacobson on March 29, 2010 2 Comments

Don't ever say this was unexpected:So Obama is flirting with a future budget crisis. Moody's emphasizes two warning signs: rising debt and loss of confidence that government will deal with it. Obama fulfills both. The parallels with the recent financial crisis are striking. Bankers and...

Posted by William A. Jacobson on March 23, 2010 1 Comment

Mahamed El-Erian is the well-regarded CEO of PIMCO, which manages investments for client accounts and is one of the world's largest bond investors. In a tweet not long ago, El-Erian posted his outlook for our economy:This outlook puts us squarely on the European track, as...

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