A recession is defined as two consecutive quarters of negative economic growth. In the fourth quarter of last year, the economy shrank, from Investors Business Daily: Obamanomics: The economy shrank last quarter, the deficit topped $1 trillion last year, U.S. debt shot up $5 trillion in the past four, and joblessness is at 7.8%. Boy, [...]
Governor Moonbeam, California Governor Jerry Brown runs smack into Arthur Laffer’s curve, from Orange County Breeze: The following information was released by the California Controller. State Controller John Chiang today released his monthly report covering California’s cash balance, receipts and disbursements in November 2012, showing total revenues were $806.8 million below (-10.8 percent) projections contained [...]
Continue reading about Governor Moonbeam Meets Arthur Laffer
The Obama administration seems intent of destroying every private sector non-union job, from PJ Media: Sen. Dianne Feinstein (D-Calif.) lashed out at Interior Secretary Ken Salazar and accused him of using junk science to kill the last operating oyster cannery in her home state. The Drakes Bay Oyster Company had been in a long fight [...]
Private sector unions are dying. The attempt last week to unionize Wal-Mart did nothing to stop the death cycle. Now after the Waterloo at Wallyworld, McLabor os going after McJob,s from Salon: At 6:30 this morning, New York City fast food workers walked off the job, launching a rare strike against a nearly union-free industry. [...]
One Jordan Weissmann thinks that Wal-Mart a/k/a Wallyworld, does not pay her employees, associates, enough to suit Weissmann’s particular sensibilities, from Atlantic: It Would Be Cheap to Pay Retail Workers a Livable Wage Ultimately, this all comes back to consumers. We are the ones who choose where to take our business. And for the most [...]
So what would happen if Dems got all they want? California, of course: It is the Snark of the Day form Bruce McQuain, Questions and Observations
How bad would it have been absent the diddling? And, what about next month?
Continue reading about Jobs Report September 2012 Numbers: They Still Stink
They’re doing everything they can at the White House to keep the word from going out that the Obama economy is a Obama-made disaster.
Clint Eastwood hinted at it last night, I have been saying it for years. President Barack Obama, a/k/a President Fifty Seven States, a/k/a Dim Won, is just not very smart. from CBS Tampa: The president says he also wants to do a better job of explaining to the public how his policies will help the [...]
The late, great, Milton Friedman would have been one hundred today, from the present, and great himself, Thomas Sowell, Real Clear Politcs: If Milton Friedman were alive today — and there was never a time when he was more needed — he would be one hundred years old. He was born on July 31, 1912. [...]
Robert “Bob the Short” Reich comes up two all beef patties short of a Quarter Pounder, from the Puffington Post: To hear the media report it, President Obama is proposing a tax increase on wealthy Americans. That’s misleading at best. He’s proposing that everyone receive a continuation of the Bush tax cuts on the first [...]
Continue reading about Robert Reich, Comes Up Short, Yet Again
The nation’s citizen suffer under the Obama economy. So rather than deal with the problem, the Obama administration resorts to pandering. Dana Milbanks, Washington Post, went looking for substance in Barack Obama’s economic plan and found none, via Neo-NeoCon: I had high hopes for President Obama’s speech on the economy. But instead of going to [...]
The difference between, Barack Obama, a/k/a Dim Won, a/k/a Dumbo and Edward Smith, Captain of the RMS Titanic, is that at least Smith was smart enough to realize that he had hit an iceberg. Ae for Dombo, he still in denial, video: Hat tip and reax, Jamie, Jamie Wearing Fool: I can’t wait for the [...]
Continue reading about The Nation’s Economy is Obama’s Titanic
The Lord only knows what Barack Obama, a/k/a Dim Won, studied at Occidental, Columbia and Harvard. It sure was not economics, video: Hat tip and reax, Ace: Mitt Romney Decides His Last Ad Hitting Obama on “Doin’ Fine” Wasn’t Hard-Hitting Enough So he’s released one that’s even harsher. Public sector jobs may fuel Obama’s campaign [...]
I wonder if David Axelrod’s found the mole, yet? Because it’s not precisely accidental that Axelrod got rhetorically ambushed today at his take-em-by-surprise press conference, while Mitt Romney did not. Moe Lane. Is the Obama campaign sinking. I am not a big Mitt Romney fan. Then who is? However unlike John McLame in 2008, Romney [...]
