Ok, he didn’t literally admit to weakening our currency and setting us up for record inflation, but he might as well have. In the President’s unusually short speech this morning, Obama again touted his fictitious one million jobs saved/created number, the government-sponsored GDP growth in the third quarter and that the new jobs figures that [...]
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 [...]
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…
The chief of the Atlanta Federal Reserve said on Wednesday that the unemployment rate is actually 16%, “If one considers the people who would like a job but have stopped looking…”. Discouraged workers are one of the dirty little secrets of the Bureau of Labor Statistics (BLS). It’s a secret the Obama administration is happy [...]
The stimulus is a total of $792 billion that was intended to invigorate the American economy in an effort to avoid an unemployment rate over 9% – at least that’s what they told us so long ago that we’ve forgotten
