Conservative Hideout 2.0 Rotating Header Image

economy

King Obama Has Been Given The Power To Unilaterally Raise Taxes By…King Obama

Hat/Tip to Warren Todd Huston at Doug Ross @ Journal. Is there no limit to his power? Can no one stop him? President Obama really does think he is a king or an emperor of some type. Now he claims that he is going to use executive orders to raise taxes on us all. This arrogant prince thinks he can do anything he wants just by his say-so. No act of Congress needed. White House Press Secretary Josh Earnest confirmed Monday that President Obama is “very interested” in the idea of raising taxes through unilateral executive action. “The president certainly has […]

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 […]

Welcome To Obamaville: Where 1 In 5 Children Are On Food Stamps

This past weekend I had an Obamabot angrily inform me that his Dear Leader has finally fixed George Bush’s mess, and our economy is now roaring along like never before. “Just look at the stock market!,” he sneered.The irony of him working 3 part-time jobs (with no benefits) instead of the much higher-paying full-time 9-5 job he had during the Bush Administration was lost on him. So I guess he won’t believe his lyin’ eyes today when he reads the latest news out of the Census Bureau. Or he’ll blame Rethuglicans for sabotaging The One’s munificence again. Sixteen million children […]

Will The Last Person To Leave New Jersey Please Turn Off The Lights?

  The exodus from New Jersey is becoming a stampede. People are moving out of state at twice the rate they’re coming in. Nearly two of every three families making an interstate move involving New Jersey last year were leaving the Garden State, the highest rate in the country. New Jersey had the greatest percentage of outbound moves of any state nationally last year with almost 65 percent departing, according to a company which bills itself as the largest transporter of household goods in the country. The Garden State has led the nation in outward migration for the fourth time […]

“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. […]

We’re #2! We’re #2! Obamanomics Drops US Economy To 2nd Place, Behind China

  The next phase of Dear Leader’s “fundamental transformation” of America is complete. With our economy in tatters, China is now the world’s number 1 economic powerhouse. We’re no longer No. 1. Today we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is no longer the leading economic power on the planet. The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of […]

It’s The Economy, Stupid

There are a lot of issues Americans are concerned about. Islamic terrorism and Ebola rank at the top of the spectrum of things we worry about. Or do they? According to a new poll from Fox News, that may not be so much the case. No doubt, we are concerned about the rise of Islamic terrorism and Ebola. We want neither of them on our shores, yet here they are. Most Americans despise ObamaCare, even though it was rammed down our throats and into our pocketbooks. But among all the issues we look at, it seems the one that is […]

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. […]

Gas prices are falling, Do we question the timing…?

If there wasn’t an election in 2 months I might be happy about falling gasoline prices Gas prices are falling. I question the timing. Gasoline prices in New Jersey have dropped this summer and as of today, three stations in Union and Middlesex counties were charging as low as $2.98 for a gallon of unleaded. That marked the first time since February that a station in the state sold gas for less than $3 a gallon, highlighting what oil analysts say is a trend that should continue into Labor Day and beyond. Yup, “beyond,” to Election Day. The $2.99 gas […]

If you’re wondering if our government is friend or foe, wonder no more.

Political cartoonists are some of our most clever people. With simple caricatures and a few words they are able to capture the essence of an important issue facing the people. In my opinion, this cartoon which I borrowed from Zero Hedge, explains perfectly why Americans on Main Street do not feel like the government is working in your best interests. h/t @butifulabsurdt That’s exactly right, isn’t it? The well being of the folks on Main Street was not a fundamental of interest to our central planners in Washington, D.C. Your well being was not a part of their calculus. Instead, […]

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 […]

Unemployment Down Due to People Getting Jobs, or People Giving up and Dropping out?

If you believe the Obama administration, or his sycophants in the MSM, the unemployment rate is down because of the President’s exceptional leadership and policies in the face of the racist GOP.  This should not come as a surprise, nor should we be surprised that the unemployment rate is really down due to the fact that so many people have dropped out, and given up on trying to find a job.  The Federalist has more… According to new data from the Bureau of Labor Statistics (BLS) released this morning, the U.S. economy last month added 74,000 new payroll jobs, while the […]

Obama: Promises, Promises …

“Obama is a historic disaster of the first magnitude and, if not restrained, he will see to the irrevocable decline of the country which foolishly elected him, leaving the world on the brink of a conflict — or in the midst of one — whose repercussions cannot be underestimated.” – David Solway __________ “Number of States won by: Obama: 19 Romney: 29 Square miles of land won by: Obama: 580,000 Romney: 2,427,000 Population of counties won by: Obama: 127 million Romney: 143 million Murder rate per 100,000 residents in counties won by: Obama: 13.2 Romney: 2.1 In aggregate, the map […]

The Premeditated Murder of America’s Economy

The title of today’s post is my humble attempt at taking “artistic” license with the title of an outstanding article at Monty Pelerin’s World, Economies Don’t Die. By quoting extensively from this article, my hope is that you will be encouraged to read the entire essay. I have never seen a more clear explanation of what is happening to our once great nation and why it is happening and who are the actors who are a fault. The author (Monty Pelerin is a pen name) starts with this pronouncement: This country will die. History will record the cause as due to […]

Allen West Asks if We Are on the Verge of a Race War?

Given all the racial violence that we have identified, the question must be asked, are we in the first stages of a race war.  Allen West and Thomas Sowell are concerned, as are many of us, that the racial hatred bred by the democratic party, their supporters, and the MSM, are bringing us to the brink.  Weasel Zippers has more… Via Allen West: I hold Thomas Sowell in very high esteem because he’s willing to focus on issues which the mainstream media does not and will not report on. In this most recent case, it’s black mob violence against whites. […]

BRIC and MIST Economies vs the PIIGGS and the US

Rhetoric, good intentions, philosophies, ideologies, speeches- they don’t mean as much to me as good policies. Purity of candidates, good communication skills, and hard work only mean anything if they are in pursuit of public policies which work to better protect human life, liberty, and property. Recently on RealClearPolitics Alan Reynolds wrote an excellent article The Truth About Taxes and Spending in Europe comparing the results of the public policies of two different sets of nations: …Several European countries, including Cyprus, have been mired in economic stagnation or decline for five years or more. Yet other countries in Asia and […]