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economy

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 […]

Hugo Chavez Legacy: Anti-Semitism, Economic Failure, And he was a Billionaire

Like so many dictators, Hugo Chavez left behind a legacy.  His legacy is not a good one, contrary to what the Michaeal Moore’s. Oliver Stone’s and the Sean Penn’s of this world would tell you.  In fact, even left of center sites are criticizing Chavez, and recommending that Democrats avoid praising Chavez.  First up here are some observations from Think Regress. While even Chavez’s critics admit that he did attempt to address the plight of Venezuela’s poorest, the decline in economic inequality in Venezuela reflected a broader egalitarian trend in Latin America, and can’t be fully credited to Chavez’s policies. […]

After Over a Century in Business, Oberdorfer Killed by Obama Economy

It seems that the Obama economy and ObamaCare did in Oberdorfer, a Dewitt, NY foundry, that two world wars, the Great Depression, organized labor, and event he Carter presidency.  It could not, however, survive a second term of Barak Obama.  The Lonely Conservative has the details.  The “2008 recession” is the recession that never ends. The unit which started its operation in late 19th century had been a major producer of cylinder heads and other vital military items. Oberdorfer was the specialized manufacturer of complicated aluminium castings for airplane engines. The company which survived many recessions in its long run, […]

The State of the Union? It Sucks!

Nancy Pelosi recently said “It is almost a false argument to say that we have a spending problem.” She went on to say that what we have is a deficit problem.  Conservatives have given Ms. Pelosi a lot of flack over her statement and maybe we have been too hard on the less than brilliant Congressman from San Francisco. After all she did use a qualifier; “almost”, which can mean “not quite”. And, she was spot on when she said the US has a deficit problem. Who could argue with that? By saying that we have a deficit problem instead […]

What Recovery? Part III: Freedom and Innovation to the Rescue?

In Part I of this “What Recovery?” series, we examined the concept of the velocity of money and how it has been declining for over two decades, which explains why most Americans are not experiencing the economic recovery that technically began in 2009. Then, in Part II, we saw how systemically high unemployment is a factor of US companies having to compete with the lower costs in emerging nations and how our Nanny Government’s fiscal policies make the situation even worse. Today, we are going to see what well-known libertarian writer, Gary North, thinks. He sees all of what we […]

What Recovery? Part II: Systemic High Unemployment?

Here is a post from Jim at Asylum Watch discussing High Unemployment-Matt In Part I of this series, we examined money velocity (the number of times the money supply circulates in the economy over a year), which is directly related to economic growth, GDP, and found that it has been declining since 1999. The velocity of money is currently slower than it was in the Great Depression. We noted that the stock market has recovered nicely and corporate and banking profits are up and Wall Street investors are doing well. This suggest that the money supply is circulating at a higher […]

Liberty Needs More Doers and Fewer Watchers

My father always told me there are two types of people in this world; doers and watchers.  Even the revolutionary war had its share of doers and watchers.  The doers were the Patriots and Tories.  These people encompassed colonists who kicked in by fighting either for independence or for the King.  Some of the most brutal and bloodiest battles of the war were fought between Patriots and Tories.  They made up roughly 2/3 of the colonial population.  The final 1/3 was made up people who either didn’t care which side won or who desired independence but really didn’t want to […]

More Signs That Obama is Jimmy Carter 2.0

Those of us old enough might remember the following speech from Jimmy Carter… Well, it appears that Obama is becoming the Jimmy Carter 2.0, and Newsmax can explain why. Americans’ optimism about their country is at its lowest since when Jimmy Carter was president in 1979, a new Gallup poll has found. The survey of 1,011 adults conducted Jan. 7-10 found that only 39 percent — or fewer than four in 10 Americans — rated the country positively on a 1-to-10 scale, Gallup reports. While the number is about the same as in 2010, it is at its lowest since […]

Post Vice Presidential Debate Wrap-up: Biden’s Grins, Ryan’s Math

I have to admit that writing about the debates is sometime’s difficult.  For one, I already know the facts, so I don’t need convincing of anything.  Secondly, the debates are not meant to convert Obama voters to Romney voters or vice-versa.  The base of each party already know what they are doing on election day.  So then, the debate needs to be framed from the perspective that independents or undecided voters need to be swayed.  There are still a lot of people that rely on the MSM for news, so this might be the first time that people have heard of Ryan, other than […]

Romney Demolishes Obama in Debate 1: Reality Wins over Myth

This debate has the potential to be the game-changer that Romney needs. Trailing by over 3% in the polls based on the RealClearPolitics average and needing something more than a tie or marginal win that would likely only narrow the polls, Romney delivered a game-changing performance and changed the narrative of this election in the first debate. President Obama has attempted to make this election into some sort of class warfare or blame Bush election- but Governor Romney was successful in this debate into making this election into a decision on whether or not to continue Obama’s policies or change […]

MSM, Leftists Predicting Doom for Romney: Don’t Fall for it

The MSM, and the left (or do I repeat myself?) are using the super secret campaign event video to tar Romney-for telling the truth, mind you-and are predicting doom and gloom for the campaign.  To summarize, I have the following statement… DON’T FALL FOR IT! To see through the nonsense, you have to consider a few facts… 1.  The MSM has been cooking the poll numbers for…well…forever.  If you need confirmation of that, consult Da Tech Guy, who has been on top of it.  In fact, if you want to know one poll more than any other, read this one.  […]