Conservative Hideout 2.0 Rotating Header Image

Economics

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: […]

The Federal Debt Is Alive And Kicking

It has been some time since this topic has been discussed. You see, 2014 has been a year of changed focus. Much of the year has gone by with us focused on the very real threat of Islamic terrorists who seek to do us harm. And on the rest of the Middle East, Israel, Palestine, etc. Ebola has commandeered its fair share of news coverage with the deaths it has caused and even coming to the United States, and rightfully so. All of these are serious issues that need to be discussed. They affect each and every one of us. […]

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 […]