The guys at Zero Hedge are doing Yeoman’s work debunking the fake job numbers that the government continues to thrust upon us now that we’re firmly in an election year. From Tyler Durden, his second great post of the day on this subject: Sick of the BLS propaganda? Then do the following calculation with us: using [...]
For the first time since WWII, the US economy posted zero job growth for the month of August. Yes, you read that right. The US economy created no jobs and the unemployment rate held steadily higher at 9.1 percent in August, fueling concerns that the US is heading for another recession. It was the first [...]
The lack of economic understanding among our ‘best and brightest’ never fails to amaze me. The latest example is Secretary of Agriculture Tom Vilsack: I should point out, when you talk about the SNAP program or the foot stamp program, you have to recognize that it’s also an economic stimulus. Every dollar of SNAP benefits [...]
The economy was on a path to recovery in early 2010, but ObamaCare put a stop to that almost immediately. The Heritage Foundation gives us all the details. Here is just a portion: Obamacare Discourages Hiring In March 2010, Congress passed President Obama’s health care reform legislation. The bill had appeared in serious jeopardy, and [...]
This time it’s Bernie Marcus, co-founder of Home Depot. Marcus makes a lot of serious (and sadly, all too familiar) observations about today’s economy, but this one is just devastating: Investors Business Daily: If you could sit down with Obama and talk to him about job creation, what would you say? Marcus: I’m not sure [...]
Jesse Washington with the Associated Press provides some gruesome details: Economists say the Great Recession lasted from 2007 to 2009. In 2004, the median net worth of white households was $134,280, compared with $13,450 for black households, according to an analysis of Federal Reserve data by the Economic Policy Institute. By 2009, the median net [...]
Of course I’m talking about today’s June unemployment report, which posted the lowest net increase in jobs in nearly a year. The highlights (or low lights, depending on your viewpoint) include: The “official” (U3) unemployment rate for June 2011: 9.2% Modified June U3 unemployment using the total workforce employed in January 2009, which indicates how [...]
So … the residential real estate market has officially tanked. Home buyers are discouraged and prices have been falling steadily for the last twelve months, after slight gains at the…
Time for another group of stories chronicling the current state of our economy:CNBC – "What Happened To The Restaurant Recovery"?Eating out is considered to be a leading indicator of leisure…
Well, I guess the recent insanely stupid efforts by liberals to spin unemployment numbers weren't necessary after all:Today's employment report shows that the unemployment rate fell sharply to 9.0 percent…
Yesterday, the Senate again voted down passage of HR-4213, otherwise known as the wonky named "American Jobs and Closing Tax Loopholes Act," which contains, among other things, the extension of…
(I have no idea who produced the title quote.) Jim Bunning, the Republican Senator who is holding up passage of a bill which would extend unemployment benefits and COBRA coverage…
Unfortunately it’s a representation of US unemployment for the last decade. And this time, no one is fudging the data. (via Gateway Pundit)…
The term "outsourcing" has been bandied about for years, becoming political fodder for politicians trying to score points with constituents, at the same time demonizing corporations. Outsourcing is a particularly…
Polls can be highly unreliable indicators of future results and the most suspect, those polls commissioned by news organizations, are often used to establish a false premise on which an…
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