I have been seeing several “reports cards” recently by political pundits, policy institutes, journalists and others who are all over the map on how to grade the President’s performance when it comes to the economy. The vast majority are providing rather low scores. I think the highest I have seen was a “C+” by a [...]
Recently I stumbled on a fascinating article at ZeroHedge.com on the “50 ugliest facts about the US economy.” It paints quite a picture. I suggest you read the article in its entirety, but here are some of the facts that stuck out to me: “According to the Tax Foundation’s Microsimulation Model, to erase the 2010 [...]
From Allison H, over at Facebook, comes this article from George F. Will detailing Greece, General Motors, and our American economy. It’s a great read and is sure to be of interest to those of you who follow the numbers. Please to enjoy. [bold emphasis at end of article is mine] From Investors Business Daily: [...]
There is something that is clearly seen in the policy changes that will come with Obama’s radical health care agenda, but is largely being ignored by the mainstream media. It is being called by some health care watchers as ”the President’s dirty little secret.” Essentially, Obama’s policies will wage a war on America’s labor markets, says Benjamin Domenech [...]
Back when I worked for Sen. Gordon Humphrey (R-NH) in the 1980s, there was a saying among members of the Budget Committee he served on and the staff: “A million here and a million there, and eventually you are talking about serious money.” Those now appear to be the “good old days” compared to the [...]
When it comes to income taxes there are basically two ways you can cut them. You can either have tax cuts that benefit consumption (geared primarily towards the large middle class in modest amounts and are designed to encourage consumer purchases) and those that are across the board (the same percent for each income group) [...]
Warren Buffett rolled up his sleeves on the Fox Business Network in a very candid interview with the channel’s Liz Claman, in which he discussed CEOs of failing banks, reconfirming Ben Bernanke, and his Berkshire company. On the Bank Situation “You’ll always have banks that are too big to fail. We can’t operate in this [...]
Obama started off his State of the Union Address with “…one year later, the worst of the storm has passed.” Apparently president Obama is not aware that the stock market has lost 529 points since January 19th, and that unemployment is still at 10% or higher, even though he promised it would not go over [...]
PIN Comment: President Obama continues to claim the economy is rebounding. Perhaps that is true for the fat cats, just look at Wall Street. But for Middle-America and the poor, the opposite rings true. People are still losing jobs, and new ones are far and few in between. The last report shows that unemployment insurance [...]
Is it time to hit the panic button yet? Maybe not. But just in case, you might want to keep a close eye on your stocks. Not too mention, if this thing does go south, be prepared to hear Obama blame our economy on Dubai’s failure, which is caused by George W. Bush! From Bloomberg.com: [...]
