The Wreckovery Continues: Obamacare Putting a Damper on Hiring
The unemployment rate ticked up to 7.6% from 7.5% in May. The economy continues to produce jobs at a way-too-slow-for-recovery pace. The U.S. economy added 175,000 jobs in May, according to the Department of Labor. Hiring at that rate isn’t terrible, but it’s unexceptional at this point. It marks a slight improvement from April, when [...]
The Wreckovery Continues: Americans have Rebuilt Less than Half of Wealth lost Since 2009
The people hurt the most by it are the ones who think Obama’s doing (or is going to do something) for them. He’s doing it, alright. Wile E. Obama and the ACME Economic Destruction Co. are right on schedule. Yep: two, three more years ought to do it. American households have rebuilt less than half [...]
The Wreckovery Continues: U.S. Disability Beneficiaries Exceed Population of Greece
Yessir, it’s definitely lookin’ up out there. Heck, the unemployment rate is all the way down to 7.5%! There really seems to be a tidal wave of people acquiring “disabilities.” I wonder if there’s a correlation in the increase in the number of disability claims to the number of people running out of 99 weeks [...]
Why are So Many Americans Now “Disabled”?
Interesting piece on disability in America. Millions of people have joined the rolls of the “disabled” in the last few years. This piece examines the factors influencing the rise in the number of “disabled.” Here’s one: In the past few decades, an entire disability-industrial complex has emerged. It has just one goal: Push more people [...]
Obama’s View of the Economy: Through Rose-Colored Glasses
The Preezy of the United Steezy, that cool guy Barack O. has sure done a lot for the economy since he took office (at least according to him on Twitter): Our economy has come a long way over the last four years—and we have more work to do: twitter.com/BarackObama/st… — Barack Obama (@BarackObama) March 11, [...]
Minimum Wage Would Be $21.72 If…Um, No – The Real Minimum Wage is Zero.
Blah, blah, blah, the minimum wage ought to be $10, $21, $47, $1,000 – doesn’t matter what number they pick, they’re wrong. I always love those pronouncements about what the minimum wage ought to be. By whose reckoning ought it to be that number? Or any other number? This article in the Huffington Post tries [...]
Predictable: Economically Ignorant Ed Schultz Cheers for Obama’s Proposed Minimum Wage Increase
Ed Schultz is a liberal blowhard, but sometimes he’s an economically ignorant liberal blowhard: Visit NBCNews.com for breaking news, world news, and news about the economy Here’s a partial transcript pulled from Hot Air: Well, Boehner, Ryan, and Rubio, they have publicly rejected President Obama’s proposal, and they’re now spouting out the same old lies [...]
Where Does Strengthening Gun Laws Sit in the Public’s Priorities List? Not Very High.
In fact, it ranks 18th on a list of issues that the Pew Research Center asked about. Say, that’s just a little above global warming, which was in last place. Seems lots of folks are concerned about the economy and our ever-burgeoning deficit (Not Obama, though, his work is “just about done“). Funny how much [...]
Households On Foodstamps Rise To New Record
This is a dismal report, and it’s not going to be getting better any time soon, so long as Wile E. Obama and the ACME Economic Destruction Co. are busy raising taxes and implementing new business-crushing regulations. While hardly presented by the mainstream media with the same panache dedicated to the monthly ARIMA-X-12 seasonally-adjusted, climate-affected, [...]
AP: Obama’s Jobs Council Shutting Down Thursday. Really? I Thought they Shut Down Last February.
This group hasn’t held a meeting since February of last year. So much for Wile E. Obama and the ACME Economic Destruction Co.’s “laser focus” on jobs. I think the economy is doing exactly as well as Obama wants it to, which is to say not very well at all. President Barack Obama will let [...]
Why Didn’t Obama Talk about Our Biggest Issue in His Inaugural Address?
Probably because he didn’t need to. The Obamabots blame the ongoing, continuing, new-normal high unemployment rate -that has only gone higher before returning to exactly where it was when he took office- on the Republicans and the Tea Party. By the way, I watched exactly ZERO seconds of the “festivities” yesterday, as I could not [...]
Only in Obamaland Does Paying People NOT to Work = Jobs Saved
Whose job, exactly, does it save? The guy at the unemployment office? I keep thinking that sooner or later the masses of Americans are going to wake up to the bullshit that the Obama administration is shoveling, but since they’re getting checks, I guess they don’t need to. Secretary of Labor Hilda Solis made her [...]
Small Businesses and Economists Agree: Higher Taxes is a Bad Idea
With President Obama intent on raising taxes on anyone making $250,000, it seems certain that a lot of small businesses will be impacted. A Chamber of Commerce survey confirms this: A survey of U.S. Chamber small business members found that impending tax increases will slow hiring and stall business investment and expansion: Is the impending [...]
The New Normal? Over 1 Million Americans Enter Poverty In Last Two Months
The economic news just keeps getting better. Just think – we have four more years of this to come. And we thought last month’s delayed foodstamp data was bad. The just reported foodstamp number for September was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a record 47.7 million Americans are now [...]
Welcome to the New Normal: High Unemployment to Stay Thanks to Obamacare
Thousands of companies won’t grow, or will reduce their workforce to avoid the cost of Obamacare. Shortly after Nov. 6, Zane Tankel, who runs 40 Applebee’s restaurants in the New York City area, announced that his company was freezing employment and would not build any new restaurants. President Obama’s re-election, Tankel explained, meant that ObamaCare [...]
Unexpectedly! Jobless Claims Up 78,000 Week After Election
The parade of great economic news is just starting. The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000. Over the past year, and in the weeks leading up to the election, jobless claims were said to [...]
Congratulations, America – Here’s Those Layoffs We Voted For Tuesday
Rusty Weiss at Freedom Works has a sample of the future we (well, half us, anyway) voted ourselves in the presidential election. Enjoy. And, I say that in the most cynical and bitter way. Last night’s victory for the President marks the first time since its inception that Obamacare is no longer a what-if; it [...]
Um, Michelle, We are NOT “in the Midst of a Huge Recovery”
Michelle Obama did an interview with a DC hip-hip station the other day, and when asked the question about “what the state of the union is right now”, she told the DJ we’re in the midst of a huge recovery. As the chart nearby shows, Reagan’s recovery was huge. Obama’s isn’t even average. A Washington, [...]
The Dinner Table
A new ad from Americans for Prosperity, highlighting the number of unemployed. It’s time to try something different.
James Pethokoukis: 3 charts that show Biden is right, the middle class ‘has been buried the last four years’
Read this. 3 charts that show Biden is right, the middle class ‘has been buried the last four years’ | AEIdeas.
If You’re Better Off Now than 4 Years Ago, You’re One of the Lucky Few
The Dems keep insisting that we’re better off now than four years ago. There isn’t much evidence to back up their claim. On the contrary, there’s a lot of evidence that we’re not: By most measures the country isnt making slow progress; its falling further behind. Some examples: • Median incomes: These have fallen 7.3% [...]
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