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The Economy

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. […]

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 […]

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, […]

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 […]

George W. Bush’s Stimulus vs. Barack H. Obama’s – A Look Back

When Obama came into office, he faced the bursting of the housing bubble and a big recession. His answer was to respond with a stimulus package, mostly full of spending, but with some minor tax cuts thrown in for lip service. But his predecessor also came into office faced with a big recession and he also responded with his own stimulus package. Let’s take a look at the way both men handled the problems facing each. As I said above, let us remember why the Bush tax cuts even took place. When Bush & Cheney took office, they faced a […]

More of Obama’s Thug Tactics, con’t.

As reported here at Conservative Hideout previously, the Obama administration is steeped in what can be described as Chicago Thug Political Tactics. Unfortunately, the liberal policies of FDR and LBJ gave vast amounts of money to the political leaders in Chicago to consolidate their choke hold on the city, and therefore, the entire state. “The New Deal of the 1930s and the Great Society of the 1960s gave the Democratic Party access to new funds and programs for housing, slum clearance, urban renewal, and education, through which to dispense patronage and maintain control of the city.” Since Obama cut his […]

Gasoline Costs $900 More a Year Under Obama

I guess people voted for higher gas prices, because gasoline costs $900 more a year since Obama took office.  Breitbart has the graphical evidence… Remember, elections have consequences.

The Self Fullfilling Prophesy of Zero Leadership

Does hysteria breed hysteria? I think that is the message of Professor Larry Kotlikoff;s article at VOX. Imagine that you are an employer. Every day you hear, “the economy’s going over a fiscal cliff. Tax hikes and spending cuts totalling $600 billion will kill the economy”. Everyone is saying it – the politicians, the media, the economists, the Fed, the CBO, the IMF. So it must be true. Sure, the Republicans and Democrats may make a deal and save the day. But these guys never agree and, meanwhile, economic doomsday – January 1st – is just weeks away. What do […]

The Fiscal Cliff, and Why We’ve Already Lost, and will Continue to Lose

OK, we’re facing the infamous “fiscal cliff.”  What doe that mean?  It means that a crisis has been manufactured in order for Obama to triumph, and the Republicans to be scapegoated.  Here’s how it will happen. 1.  If both Houses and the POTUS fail to reach an agreement (read, if he Republicans fail to capitulate) there will be a rather unpleasant set of tax increases and budget cuts. 2.It doesn’t matter how many proposals the Republicans make.  It won’t matter how many times the Democrats change the rules or break their word-it will ALWAYS be the Republican’s fault. 3.  Reality doesn’t matter, and the MSM will […]

Food Stamp Growth Outstrips Net Jobs Growth by 75X’s

This is Obama’s America, where food stamps grow at 75x’s the rate of jobs. Take a look at this graphic, via The Weekly Standard… Of course, we can continue on this track, or even grow at  a faster rate.  All we have to do is re-elect Barak Obama.  

Obama’s ‘You Didn’t Build That Speech’ Reveals Bad Logic and Lies?

After going over the transcript from President Barack Obama’s campaign event in Roanoke, Virginia on July 13, 2012- the know famous ‘you didn’t build that’ speech- there are a couple further points I would like to make. Picking up midway through his speech… President Obama says- “We’ve already made a trillion dollars’ worth of cuts. We can make another trillion or trillion-two, and what we then do is ask for the wealthy to pay a little bit more.” It is common knowledge that under President Obama the amount of money that the federal government spends each year (outlays) has gone up by quite a […]

Does the US Hold the Largest Oil Reserves on the Planet?

Quite possibly, if we listen to the following official from the GAO… So then, if we are floating on oil, and the only barrier to this windfall is government, who is the problem? I think we all know the answer to that. John Hinderaker, from Powerline, adds some more… …Green River Formation alone–it is located at the intersection of the states of Colorado, Utah and Wyoming, and mostly underlies federal lands–contains as much oil as the entire proven reserves of the rest of the world combined. America is uniquely blessed in its energy resources. Two questions remain: 1) will Obama finally abandon […]

Obama’s Tax Reform Proposals Wrong, Politically Motivated, and Will Hurt the Middle Class?

Voters who go to the polls in 2012 will have two futures laid before them, and nothing illustrates this more than the tax code proposals submitted by GOP-nominee Mitt Romney and Democratic-nominee Barack Obama. Both Republicans and Democrats are going to try to make this race about a lot of other things, but at a fundamental level it is a race regarding what sort of path America is going to take- the one that we’ve been traveling on for the past couple years that the President wants to take us further on, or the alternative that former businessman and now GOP nominee Romney wants to […]

I’m Talking To You – Treasury Secretary Geithner admits he doesn’t have a plan…

choice of two futures

Paul Ryan’s budget was passed in the House, but Majority Leader, Harry Reid made damned sure that it didn’t pass his Senate because HE has a budget of his own that he wants..huh? He doesn’t have a budget to submit, but President Obama’s budget got shot down 97-0??! Wow, what a uniter in chief we have; but has anyone pulled him aside and explained that bipartisan efforts work best when it gets your legislation passed, not when it gets your legislation thrown on the floor and walked all over. Oh. Well then he obviously is just going to use continuing […]