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economy

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.  […]

We Live In A Dysfunctional World

America is seizing up  before our eyes, and the action necessary to reverse the  sclerosis is  stymied at every turn by rapacious unions, government  micro-regulators,  dependency-spreading social engineers, and crony capitalists  who know  how to weave their way through the bureaucracy. _ Mark Steyn Maybe Mark Steyn was just having a bad day when he wrote those words. Can things really be that bad? Dr. Nouriel Roubini, a world-renowned economist and also known as “Dr. Doom” for correctly predicting the 2008  burst of the housing bubble and the world-wide recession, is now seeing My ‘Perfect Storm’ Scenario Is Unfolding Now. In May, Roubini predicted four elements – […]

Bubble, Bubble, Toil and Trouble

My apologies to William Shakespeare whose famous line from Macbeth was: Double, Double, Toil and Trouble. The intent of both lines is to create a sense of doom. There was a time, it doesn’t seem so long ago, when the word “bubble” brought to mind visions of our childhoods when we would see who could blow the biggest bubble or just make bubbles and try to catch them. Today, the word “bubble” first brings to mind the housing bubble bursting in 2008, from which our people and our nation still suffer. We have seen many economic bubbles in the past […]

Effective Romney Video: People That Obama Left Behind

The Romney campaign seems to be hitting the right spots-namely, the Obama economic record.  The Lonely Conservative has the video… Keep it coming!

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 […]

Media Bias: MSNBC Talking Head Does Not Take Kindly to the Narrative Being Questioned

When the POTUS is pumping out distractions, the job of the dutiful MSM is to keep these stories alive, even if they have to make fools of themselves to do so.  For the latest example, The Other McCain posted the following… Well, here is the CH 2.0 Translation… There is a narrative to promote, and it will be promoted. No matter how much reality has to be ignored. The latest economic figures are not so good, so they have to keep on talking about what Mitt Romney did almost 50 years ago.  Ironically, they couldn’t find the time to figure out […]

A Simple Graph on Jobs

This is what the election is about this year. Yes, it is important that our foreign policy goals have been accomplished- killing bin Laden, finishing up in Iraq, continuing to pressure terrorists around the world, encouraging revolutions aimed at toppling autocratic dictators, etc. Yes, it is important that many of our foreign policy goals have not been accomplished- those revolutions have resulted in less friendly and liberty loving people taking control, many revolutions were not supported, free trade agreements were not passed, rogue nations have continued to advance in weaponry, our allies are collapsing economically, our enemies are growing in […]

So Why a “War on Women,” and Now Gay Marriage?

Why have the Democrats and their media lapdogs made contraception, Sandra Fluke, gay marriage, and other inconsequential issues front page news?  So you wont look at or discuss this… Uh-oh.  Once they run the wheels off of the gay marriage story, what will they have to come up with next? Considering that the employment numbers look pretty weak, and have therefore not been reported, I think it’s safe to assume that we’ll see more and more social issues to distract from the economic fail. H/T: Sister Toldja

Did Anyone Catch Obama Using Hilary Rosen to Play Good Cop-Bad Cop with Ann Romney?

Well, I get home from work and grocery shopping to see that we had an interesting story unfold.  Hilary Rosen, a Dem operative, slammed Mitt Romney’s wife, Ann, for being a stay-at home mom.  Legal Insurrection has the video… So then, we have a Democratic operative, belittling the wife of the likely GOP candidate.  On the surface, one might just think that this was a typical Alinskyite smear, and it was.  However, there is another layer to it, but we’ll get to it in a bit.  As for the next move, Ann Romney fired back, and destroyed Rosen… Then, we see that […]

MSM in Coordinated Attack Against Santorum?

Newsbusters ran this last night, featuring Rick Santorum on Hannity.  This is predictable.  The administration and MSM are on a quest to avoid the economy at all costs.  To do that with Santorum, they have to hammer him on social issues, even if they have to do some cherry picking or making some stretches to do so.  Forget that gas prices are through the roof, and expected to rise even higher.  Forget that a couple million jobs are gone, and the people aren’t even bothering to look anymore.  Instead, let’s talk about how Rick Santorum is going to ban condoms, […]

Why are the Republicans Allowing the Democrats and MSM Control the Debate?

Why are we talking about contraception?  Why are the talking heads of the MSM (taking notes from Spooky Dude, via Media Matters), being PERMITTED to define what is discussed? Here is the point:  Obama is a loser on the economy.  He has broken every promise, failed at every proposal, and has, in fact, made things worse.  The economy is THE issue of this election, and everything else is secondary.  Yes we can illustrate that the government, in their effort to get religious organizations to fund abortion (because the pill is just a side issue), is an affront to the First […]