Conservative Hideout 2.0 Rotating Header Image

Economics

Bam! Emeril Slams ‘Obama Nonsense,’ Laments Decline of Restaurant Industry

Hat/Tip to TownHall.com. It seems all areas of our society are waking up to the nightmare that is named Obama… As a celebrity chef, cookbook author, and TV personality, Emeril Lagasse is one of the most well known chefs in the country, and with a net worth of about $50 million and a food empire that brings in an estimated $150 million, he’s one of the wealthiest, too. So it was surprising to hear him say at a recent event that he has “nowhere to go, really—other than broke.” The reason? Predictably, Big Government. “It’s becoming a very challenging industry to […]

Stop Hoarding Your Money!! And While You’re At It, Get Rich, Would Ya?

The economy isn’t growing because you’re hoarding money. Also, if you had any brains you’d get rich. That’s what the Federal Reserve thinks of you folks not living on Wall Street. The Great Facilitator of big government Federal Reserve is finally having to admit that, after six years of printing trillions of dollars and giving essentially free to the too big to fail or trust banks on Wall Street, their Quantitative Easing and Zero Interest Rate Policy program has failed to stimulate the economy and put people back to work (it did do fantastic job, however,  of making the rich much richer). […]

Free Money Ain’t Free

Census figures show that over a third of Americans are receiving some means tested welfare; i.e., Medicade, food stamps, housing assistance, and other forms of Temporary Assistance for Needy Families as was reported by Fox News in late August. Of course, this is not surprising to anyone paying attention. This so-called recovery which we are told we are experiencing has been very lopsided in favor of the upper income folks and especially the Wall Street crowd. Inflation is low according to the Federal Reserve, but most people are seeing their cost of living go up while income is stagnant or declining. […]

U.S. Has Highest Corporate Tax Rate in the Industrialized World

The U.S. Has the Highest Corporate Income Tax Rate in the Industrialized World The next time some Obamabot tries to tell you American corporations aren’t paying their “fair share” in taxes, show them this chart. See that bottom red line? The one that says “United States?” Yeah, Barack Obama, Harry Reid, Hillary Clinton, and pretty much all Democrats believe a corporate tax rate of 39.1% is not high enough. Sane people might disagree. Any day now the White House and Sen. Charles Schumer (D., N.Y.) will attempt to raise taxes on business, while making the U.S. tax code even more […]

The Left Hates Teenagers

Common sense tells us that if something becomes more expensive, less of it is consumed. And, if that something happens to minimum wage workers, the same is true. A few days after Labor Day American Thinker ran a post titled Fast food strikers: meet your replacement robot. The article reported on how the far left SEIU had organized protests for raising the minimum wage to $15 per hour in several cities across America. Most of the protests took place near fast food restaurants. Many of the protestors were arrested for blocking traffic. The author  believes that these protests by striking […]

Nearly 25 Million Foreign-Born Hold US Jobs

Hat/Tip to Ali Meyer at CNSNews. Thanks to the Obama economic policies, we have rampant and epidemic unemployment in this country and what does our President want to do? He wants to INCREASE the number of folks looking for work by legalizing millions and millions of illegals. As it stands now, already nearly 25 million of them have taken American jobs. The number of foreign-born individuals holding jobs in the United States hit a recorded high of 24,639,000 in August, according to data from the Bureau of Labor Statistics (BLS). The BLS has been tracking the number of foreign-born workers […]

What Would a $15 a Hour Minimum Wage Cause: Higher Prices vs. Robots

The effort to provide millions of workers with a living wage put millions of workers out of a job, the SEIU Communist Party is leading protests against fast food joints all over the US.  Their demand is a $15 a hour minimum wage.  As usual, the SEIU Communists, being ignorant of how businesses actually work, fail to recognize the consequences of their actions; like higher prices… Fight for 15 The Service Employees International Union (SEIU) has launched an expensive PR campaign calling for wages of at least $15 an hour in the fast-food industry. This Fight for 15 is part […]

Rutgers Pollsters “Stunned” American Workers Don’t Believe The Recession Is Over

Obamabot shibboleths meet Reality. Reality wins. This weekend, American workers will take part in a time-honored tradition, gathering around picnic tables and barbecue grills to talk shop. A new Rutgers University report on the American workforce in the aftermath of the Great Recession gives them plenty to discuss. American workers are “insecure, underpaid, highly stressed, and generally unhappy at work,” researchers found. The report, “Unhappy, Worried, and Pessimistic: Americans in the Aftermath of the Great Recession,” details the results of a national survey conducted by the school’s John J. Heldrich Center for Workforce Development. Researchers at the university have been […]

Coal Miner Gives Heartfelt Testimony Regarding Obama’s EPA Policies

Obama promised that he would put coal fired power plants out of business.  Obama promised that his policies would make make electric bills “skyrocket.”  As we face potential energy shortages and even possible brownouts/blackouts due to Obama’s policies, coal miners are looking forward to a bleak future as well.  Here is video of a miner making a rather humble and heartfelt comment a a public hearing.   When Obama kills the industry that uses much of the coal mined, it puts the coal miners in a precarious position. But, of course, the Obama administration doesn’t care a bit about the […]

Progressive View: Socialize Debt To Grow The Economy

Socializing debt is certainly not a new concept. Who among us. who has ever bought a house, did not take advantage the mortgage interest deduction when itemizing our tax returns? What a great deal! Those who rent and the rich who buy theirs house for cash are forced by law to help us payoff our mortgages. The real estate industry lobbies hard in support of the mortgage interest deduction by arguing the housing industry is a main driver of our economy. Now, as reported by Investors Business Daily, we learn that the paragon of progressive virtue and faux indian princess, […]

Doomed by Debt

Unfortunately for the romantics out there, it is not love that makes the world go around. It’s money that makes the world go around, right? Well, if you think of money as those units of currency you carry in your wallet or pocket, then no it’s not actual money. Actual money (currency) is in relatively short supply. No, what makes the world go around is money created out of thin air; otherwise known as credit or debt. Think fractional reserve lending. Credit/debt is money that was never generated by the real economic production of a good or service. Credit/debt is, however, […]

Are The Central Bankers Planning To Try A Controlled Collapse?

This Zero Hedge article suggests that the central bankers are, at least, talking about the idea of a controlled financial collapse. The article includes this quote from the recent annual report of the Bank for International Settlements (BIS); aka, the bank of the central banks. The risk of normalizing too late and too gradually should not be underestimated… The trade-off is now between the risk of bringing forward the downward leg of the cycle and that of suffering a bigger bust later on . Few are ready to curb financial booms that make everyone feel illusively richer. Or to hold back on quick […]

We Feel Poorer Because We ARE Poorer

Today’s post complements yesterday’s post in which we talked about the faux recovery America has experienced since the so-called Great Recession of 2008. Monty Pelerin’s World has posted a graph and a chart that demonstrate clearly why most Americans are having a harder time making ends meet today than they were a decade or so ago. The following graph shows that most working Americans have seen their nominal income increase over the last 14 years; but their real income after taxes and inflation has fallen by about 9% on average. A fortunate few have earned promotions every three or four […]

The illusion of a recovery: Unemployment drops as part-time work explodes

Recovery Summer Episode VI, Revenge of the Part-Timers. In the new landscape of the American labor market, jobs are easier to come by but hours remain in short supply. New government data released Thursday showed the economy added 288,000 jobs in June — the fifth straight month gains have topped the critical benchmark of 200,000. The unemployment rate fell to 6.1 percent, down more than a percentage point over the past year. But there’s a gnawing fear among some economists that the improving data provides false comfort. The number of people in part-time jobs jumped by more than 1 million […]

New Jersey raises minimum wage, Chili’s deploys robot waiters

Editor’s Note: I’d like to take a minute and welcome our newest contributor here at CH2.0, Chris Wysocki! Now besides the fact that his name sounds like a motorcycle, he is a Blogger, Dad, Curmudgeon, Long suffering Jets fan, Reagan acolyte & Conservative Catholic. ~~~~~~~~~~ Today’s Star-Ledger business section reprinted this article from Sunday’s Washington Post. When Martin Hines takes his 8-year-old daughter for a weekday lunch at the Chili’s Bar & Grill in Timonium, Md., this summer, he s looking for quick service so he can return to work. Instead of waiting for an employee to bring his check, […]

Left Wing Bastions PBS & NYTimes Want to Abolish Corporate Income Tax – Wait, WHAT?

So the left wants to change the bad fortune that the American worker has suffered woe these many years? Are they just now waking up? Well better late than never, I suppose. In recent decades, American workers have suffered one body blow after another: the decline in manufacturing, foreign competition, outsourcing, the Great Recession and smart machines that replace people everywhere you look. Amazon and Google are in a horse race to see how many humans they can put out of work with self-guided delivery drones and driverless cars. You wonder who will be left with incomes to buy what […]

Reports: More Obamacare Cancellations, Premium Hikes On the Way

Hat/Tip to Townhall.com for this bit of news.  Outgoing Secretary of HHS, Kathleen Sebelius, President Barack Obama, and current Budget Director and nominee to replace Sebelius at HHS, Sylvia Mathews Burwell It just keeps getting better and better… /sarcasm off Kaiser Health News reports on the increasing likelihood of more and more large employers dumping employees into Obamacare’s exchanges. An untold number of employees will discover that they can’t keep their plan, especially if they’re a high-risk, high-cost employee. The Obama administration estimated that as many as 93 million Americans will lose their existing coverage under the new law, despite […]

Final tally of job losses from the federal sequester: One

Watchdog.org is reporting that the GAO (Government Accounting Office) has finally released the numbers behind the dreaded sequester. The Government Accountability Office has finished its analysis of the across-the-board federal budget cuts known as the sequestration and determined that exactly one — yes, one — federal employee lost a government job. The GAO surveyed 23 federal departments affected by the budget cuts for its 200-plus page analysis released this week. The report shows that most departments had to cancel or limit monetary awards like grant programs, many reduced employee training or travel and seven agencies reported furloughing a total of 770,000 […]

The Golden Years Of Retirement Are Becoming More Illusive In This Regulatory Nation

The evidence is piling up that pre-baby boomers and the older baby boomers lived through the best time in America’s history if measured by the success rate in living the American dream and being able to comfortably retire while they still enjoyed good health ( often at ages 58 to 60). This article at Zero Hedge reports on a recent Gallop poll showing the average retirement age has hit a record high. Take a look at this graph. It shows in grey the increase in the workforce of people over 54 starting in 1999 to 2013 and in red the […]

Obama Calls for Highest Sustained Taxation…Ever

Last month, President Obama presented a budget to Congress. Immediately Senate Majority Leader Harry Reid asked what it was because it had been so many years since he’d seen an actual federal budget. Okay, I’m not really sure if Harry Reid saw or even understood it, but it still calls for the highest sustained taxation in United States history. CNSNews did an excellent job of evaluating it. In the budget proposal he presented to Congress last month, President Barack Obama called for what would be the highest level of sustained taxation ever imposed on the American people, according to the […]