Tag Archives: stimulus

Obama to Hold Jobs Summit and Continue Weakening of Dollar

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… Read More »

Massachusetts Says Stimulus Money Created “Almost Nothing”

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… Read More »

China Seeing Record Inflation After Too Much Stimulus – Familiar?

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… Read More »

Mortgage Bubble Started Crisis, Isn’t Getting Better

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…

Unemployment Suffers Under Big Government: Reagan Had The Answer

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… Read More »