The non-partisan Congressional Budget Office (CBO) produced the most-recent version of it’s periodic report on the state of the nation’s economy. The report was as dreadful as expected: debt rising and tax receipts going down, but you knew that already. What’s different is how they are either lying to candy coat how bad things are [...]
You read about The New Deal (circa 1933 – 1938) in high school, but did you ever think you would get to live through it? They say that those who do not learn from history… you know the rest. In a nutshell, we are the doomed in this case. Just how closely is Obama and [...]
Obama has previouly stated the he has pulled the economy back from the brink. This is far from truth and quite the opposite. Obama’s economic policies are instead pushing us off the economic cliff. The 13 trillion dollar National Debt is just one of a number of unprecedented warning signs pointing toward an economic collapse. The National Debt [...]
Much of the last few weeks has concentrated on the difficulties that the over-entitled European economies are now facing. News reports, like this one at TheHill.com have been careful to also point to Tim Geithner’s comments that, “The U.S. will not be harmed economically by the debt crisis in Europe”. Mr. Geithner also repeated the [...]
Reading through headlines like “Online ad revenue up 2.6 pct in 4Q to $6.3 bln”, would point to some type of revenue-driven recovery. With the huge number of recent print media failures and the terrible ratings results for the evening news outlets, why is only 2.6% considered good? It should not be. 2.6% is somewhat [...]
The new health care reform bill is having an effect: termination of full-time employees. Small businesses cannot afford the mandate that hits once they have 31 employees and have at least one that gets their insurance through the government exchange – $2,000 per full-time employee . Business owners will instead refuse to grow their businesses [...]
Government-created economic stimulus is unsustainable and does not create or save anything. It simply delays the inevitable. The ARRA (American Restitution and Redistribution Act) has done nothing to improve the actual economy, and The Globe finds more evidence: One of the largest reported jobs figures comes from Bridgewater State College, which is listed as using [...]
Within a few days of Obama entering the White House, Tim Geithner stated that a strong dollar is in the best interest of our economy. The actions taken to date and some historical analysis of Obama’s chief economic advisor, Paul Volcker, would point at a policy of continued weakening of the U.S. currency. If the [...]
Interpreting the latest unemployment report could make one’s head spin, but there is valuable information in it other than the tragic 10.2% unemployment rate and the fact that the economy has shed an additional 190,000 jobs in the last month. Yahoo news points at a separate survey that shows 558,000 more people were unemployed in [...]
A Bloomberg.com article stated that even a government-run economy can go awry when it pumps too much liquidity into the market under the guise of “stimulus”. “China’s banking regulator plans to review debt levels at some real-estate developers on concern the companies’ borrowings are fueling excessive gains in property prices..” More the concern is what [...]
We all gain an understanding of gross income vs. net income when it comes to tax time and many of us forget the relationship shortly after. What do these two terms have to do with our economy? The U.S. G.D.P. (Gross Domestic Product) is an indicator of the total of goods produced with no regard [...]
Much of the media has been declaring an end to the recession. I have been on the sidelines for months now and a few talking heads were not going to get me to throw my assets at a loser market. I have done my best not to sound like Chicken Little, but there was absolutely [...]
Last year the economy crashed. Now, the stimulus has stimulated, the Federal Reserve has eased, Geihtner has.. well done whatever he does, and Obama has spoken (certainly that should have fixed everything). So how did we hit 9.8% unemployment since the stimulus was an emergency action that would keep unemployment from going over 8%, pumping massive amounts of liquidity into the economy should have loosened credit, little Timmy G. and Obama bought GM, AIG and Chrysler and they helped everyone buy a new car that wanted one? It must be that G.W. Bush must still be affecting the economy from his ranch in Texas…
In the past few weeks several news stories purporting foreign actions against and for the dollar. Which is it?
In August, we watched as sales of existing homes drop by 2.7%. Experts were expecting an increase. Due to the fact that 30% of all home sales this year were by first-time home buyers, the National Association of Realtors has begun a campaign designed to influence congress to put more taxpayer subsidies into the housing market.