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Economics

Pizza Shop Worker Loves Seattle’s New $15 Minimum Wage, Until He Finds Out That It Cost Him His Job

Hat/Tip to Ashley Dobson at RedAlertPolitics. Fifteen bucks an hour? Score!!!! Then reality sets in… Pizza shop worker Devin Jeran was excited about the raise that was coming his way thanks to Seattle’s new $15 an hour minimum wage law. Or at least he was until he found out that it would cost him his job. Jeran will only see a bigger paycheck until August when his boss has to shut down her Z Pizza location, putting him and his 11 co-workers out of work, Q13 Fox reported. He said that while the law was being discussed all he heard about […]

Beer Warfare: Our Progressive Tax System In ‘Beer Summit’ Terms

bucket beers

President Obama has been waging his class warfare ever since he took office in 2008. Of course, he ramped it up just before the 2012 Presidential Election, in anticipation of campaigning against his preferred candidate, Mitt Romney. And with the 2016 elections just around the corner, I thought that it would be a good time to revisit and explain our progressive tax structure in beer summit terms. Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like […]

Hey New Jersey, this year you’ll work until May 13th to support the government

Congratulations New Jersey workers. If you’re crazy enough to have a job, you’ll spend the first 4½ months of this year toiling to support the moocher class. New Jerseyans will have to work an extra four days this year to be free of taxes, according to a report that once again says Garden State residents have the highest tax burden in the nation. The right-leaning Tax Foundation’s annual “tax freedom day” report card says residents in New Jersey and Connecticut will work the longest in the nation this year to pay off their taxes: until May 13. Last year, “tax […]

MSNBC Talking Heads Mystified by Reality: Can’t Understand why 39% Increase in Costs Would “Put a Business Under”

Popular San Fransisco book store, Borderland Books, is closing it’s doors.  The cause is the fact that that city is increasing the minimum wage to $15 an hour.  MSNBC grilled the owner, and could not seem to understand that increasing a business’s labor’s expenses by 39% will put them out of business. Here is the video… In many businesses, they’re lucky to make a 5% profit, and a lot of their expenses are due to employee costs, but these idiots have probably never actually a business. They believe money just appears in an employer’s pocket, and he refuses to share […]

Radio Shack Files for Chapter 11 Bankruptcy

Long struggling electronics retailer, Radio Shack, has finally succumbed, filing for Chapter 11 Bankruptcy.  Here is more from the Dallas-Fort Worth NBC Affiliate… Struggling electronics retailer RadioShack has filed for Chapter 11 bankruptcy protection and says it will sell up to 2,400 stores. General Wireless, a subsidiary of Standard General, RadioShack’s largest shareholder, has agreed to buy 1,500 to 2,400 of the company’s U.S. stores. As part of the bankruptcy plan, Sprint may open mini-shops in as many as 1,760 of the acquired RadioShack stores. … The company, which has not turned a profit since 2011, still operates nearly 5,500 […]

One Chart Disproves Obama’s Claims That He Is A “Deficit Cutter” – Who Made The Chart? Obama’s Federal Reserve…

Hat/Tip to Doug Ross @ Journal. Just a few short days ago, President Obama uttered these words in his 2015 State of the Union speech: At every step, we were told our goals were misguided or too ambitious; that we would crush jobs and explode deficits. Instead, we’ve seen the fastest economic growth in over a decade, our deficits cut by two-thirds, a stock market that has doubled, and health care inflation at its lowest rate in fifty years. Now I won’t spend time debunking the four lies he told in that short excerpt, instead let’s look at just his […]

When Democrat Hero FDR Confiscated American Citizens’ Gold — At The Point Of A Gun

Hat/Tip to Nick Sorrentino at Doug Ross @ Journal. He was instrumental in the Allied victories in WWII, but his economic policies were disastrous. A little tidbit that is all but forgotten is the fact that Roosevelt forced all Americans to turn in their gold, or else. FDR, the man who studied Mussolini, who birthed the current intrusive state, who started the drug war in earnest, who put Japanese Americans into concentration camps, who extended the Depression years longer than it needed to be and thereby contributed to the genesis of the Second World War, who tried to pack the […]

What The $15 Minimum Wage Will Do To Your Fast Food Meal Prices

Hat/Tip to Melissa Quin at The Daily Signal.  

Did Your State Raise Its Minimum Wage Today?

Hat/Tip to WeaselZippers. Well, way to go lefties! Now the price of eggs and milk and, well just about EVERY FREAKIN’ THING at the grocery store is going to go up in price! Not to mention the cost of a Big Mac, or Whopper or etc… At the stroke of midnight today, 19 states increased their minimum wage. Residents of three more and the nation’s capital can expect hikes later on this year. A year ago, the White House and Democratic lawmakers embarked on a campaign to make the minimum wage a defining issue in the 2014 elections. And although […]

“Don’t Ask, Don’t Tell” Is Still Government Policy…

“Don’t Ask, Don’t Tell” may not be policy in the military any longer when it comes to a soldier’s sexual preference; but it is definitely government policy when it comes to reporting on the state of our economy or on unemployment data. When a government agency or the President spouts a glowing feel good statistic about how well the economy is doing, they prefer you don’t ask why their numbers don’t square with your reality so they won’t have to tell you the truth. For the minority of Americans who are wanting to know the truth, they generally have to […]

Irrational Exuberance In Action: The 5% GDP Growth Number Is A Total Fraud

  Look! Just in time for Christmas! That Obama guy finally got our economy back on track! Now get out there and spend, spend, spend! At least that’s what the media wants you to believe. The U.S. economy roared into overdrive in the third quarter as consumer and business spending fueled the biggest expansion in more than a decade. Gross domestic product grew at a 5 percent annual rate from July through September, the biggest advance since the third quarter of 2003 and up from a previously estimated 3.9 percent, revised figures from the Commerce Department showed today in Washington. […]

Uncle Sam Keeping Gas Above $2/Gallon In Most States

  Hat/Tip to Joseph Rossell at Newsbusters. You can thank you state and federal government for the fact that most of America is still paying more than two bucks a gallon for gasoline. Subtracting state and federal taxes and fees on gasoline, the price of a gallon of gas would fall below $2 in 29 states, according to data published by the American Petroleum Institute in October 2014, and by AAA. AAA said the national average for gas dropped to $2.394 per gallon on Dec. 22. while the average state and federal gas taxes and fees averaged a whopping 49.28 […]

Conservatism: What It Is And Why Is It Needed So Badly In 2016?

Obama is the most pure statist in American history to ever occupy the Oval Office. If you look at the unprecedented spending undertaken by this administration, then you see that we are on a course of financial ruin.

Thank You Janet Yellen: New Fed Regs Mean Negative Interest On Bank Deposits

    Remember when we used to earn interest on our bank accounts? Ben Bernanke put a stop to that by printing money like it was going out of style. And now Janet Yellen is one-upping him. Forget zero interest, welcome to negative interest. New Obama Administration reserve rules mean you’ll have to pay the bank to store your money. As the WSJ reports, far from paying for the privilege of holding other people’s cash (and why would they with nearly $3 trillion in positive carry excess reserves sloshing around) US banks – primarily of the TBTF variety – “are […]

2 Months Into Fiscal 2015 And Obama Admin $1 Trillion In New Debt

Hat/Tip to Terence P. Jeffrey at CNSNews. Yep, only 8 weeks into the new fiscal year and just to pay the freight on our debt, the Obama Treasury has already had to issue over a TRILLION DOLLARS in new debt. The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover new deficit spending by the […]

All The King’s Men Can’t Put Humpty Dumpty Back Together Again

  Nobody can predict how long governments can get away with fake growth, fake money, fake financial stability, fake jobs, fake inflation numbers and fake income growth. Our feeling is that confidence, especially when it is unjustified, is quite a thin veneer. When confidence is lost, that loss can be severe, sudden and simultaneous across a number of markets and sectors. _ Paul Singer’s letter to investors Then there is this from David Stockman: …  since the turn of the century, the working age population has grown from 212 million to nearly 250 million, but out of that potential 38 million gain, […]

Foreign-Born Job-Holders Break 25 MILLION…

Hat/Tip to WeaselZippers and Ali Meyer at CNS News. The “Global President” strikes again… Another amazing Obama record! Via CNS News: (CNSNews.com) – The number of foreign-born individuals holding jobs in the United States hit a record high of 25,019,000 in September, according to data from the Bureau of Labor Statistics (BLS). The BLS has been tracking the number of foreign-born workers annually since 2005 and monthly since 2007. The BLS does not distinguish between foreign-born individuals who are in the United States legally and those who are here illegally. “The foreign born are those who reside in the United […]

Seattle Socialist Party Wants $20 per hour Minimum Wage, Offers $13 per hour for Website Manager

Hat/Tip to Eric Owens at The Daily Caller.  Obama’s economy continues to bring Hope and Change to Americans of all ages and income brackets. Well, to be more specifi, the lower income brackets get the Hope and the very rich continue to keep the Change.  The economy is stagnant — so stagnant that over 35 percent of all Americans have been reported to a collection agency for bad debt and The Washington Post has advised newly-minted college graduates to give up hope and go live in their parents’ basements. However, The Daily Caller never dreamed it would come to this: […]