Posts Tagged ‘ economy ’

Only in Obama’s America

February 20, 2015
By
Income Inequality

NEWSFLASH!! The White House Council of Economic Advisers released the Economic Report of the President yesterday, and it noted that median family incomes are down since Obama took office. Not only that, but many Americans are still worse off today than they were when he became president. I know… I know… That’s not really a newsflash. Unless you’re dead or comatose, you knew this already. So, why would the president release a report that appears to show that his economic policies have failed? Because it helps him with his agenda of spreading the wealth. While Obama, along with his buddies in the liberal…

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Bureau of Labor Statistics: Lies, damned lies, and statistics

February 4, 2015
By
Unemployment number

Those who truly understand how the Bureau of Labor Statistics calculate the unemployment rate have been saying for years that the matrix used to determine joblessness in the United States is imperfect and inaccurate. Now, a new poll by Gallup supports this contention. While the Obama administration is all-too-eager to tout the falling unemployment rate—currently under 6%—as proof that his anti-capitalist, over-regulating, big government policies are working, Gallup CEO and Chairman Jim Clifton says that they are misleading at best, and Joseph Goebbels-styled propaganda at worst, calling it “The Big Lie.” According to the poll: If you are unemployed and have subsequently…

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What does Mexico’s president know that President Obama doesn’t?

February 17, 2014
By
What does Mexico’s president know that President Obama doesn’t?

It is not often that Americans look south of the border for solutions, but Mexico’s President Enrique Peña Nieto seems to have figured out a few things in his first year of power that has, in six years, eluded Obama. Late last month, Peña Nieto spoke at the World Economic Forum in Davos, Switzerland.  There, he highlighted his first-year achievements: “a legislative consensus with the two major opposition parties on the transformations and structural reforms that the country needed,” reports Mexico City’s The News. He pointed out that this has been achieved “in a climate of plurality and diversity.” A few months…

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Obama’s SOTU: A death nell for jobs and energy

February 3, 2014
By
Obama’s SOTU: A death nell for jobs and energy

The State of The Union Address (SOTU) reminded me of the idiom, “on one hand, on the other hand.” On one hand, President Obama extoled efforts to increase fuel efficiency to “help America wean itself off foreign oil.” He touted the new reality of “more oil produced at home than we buy from the rest of the world, the first time that’s happened in nearly twenty years.” On the other hand, he promised to use his “authority to protect more of our pristine federal lands for future generations”—which is code for more national monuments and endangered species designations that will…

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Is this any way to treat the job creators?

January 20, 2014
By
Is this any way to treat the job creators?

It’s no wonder that, as the New York Times (NYT) headline declared: “Growth in jobs slows sharply to 3-year low.” Addressing the Labor Department’s disappointing December Jobs Report, CNNMoney’s headline states: “2013 ends with weakest job growth in years.” USA Today called it a “Big miss” and CNBC’s Jim Cramer sees the 74,000 gain in payrolls as “A disastrous unemployment number.” USA Today surveyed 37 economists whose median forecast for the December jobs number was a gain of 205,000 jobs. Not only did the report’s 74,000 jobs gain fall far short of the 205,000 jobs forecast, it is not the…

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national debt

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