The Latest News about recession

In January 2009, the economy was in the middle of the worst recession since the 1930s.  President Obama and Vice-president Biden were sworn into office. Their policies led to the worst recovery ever.  If Biden is elected in November, the recovery from the current recession will be weak and very slow. To get the economy out of recession, start a ...

The July jobs report shows that the rapid V shaped recovery from the deep, but short-lived recession is continuing.  The 1.8 million jobs created in July mean that more than 9 million jobs were created in the past three months.  That is, by far, the fastest recovery from a recession ever. While it is true that tens of millions of ...

The Bureau of Economic Analysis announced that GDP in the second quarter of 2020 decreased by a whopping 32.9%. Since GDP declined by 5% in the first quarter, we had officially entered a recession. The current US recession is very deep. But it will likely turn out to be short-lived. In addition, the Labor Department announced Thursday that more than 1.4 Americans applied for ...

The possibility of a global depression is now being floated in economic circles due to the expected cascading failures of European banks and the growing fear that the European Central Bank (ECB) won’t be able to prop them up. Forbes.com makes a case for global financial doom built around the collapse of Spain, the resultant fall of the EU, contagion into ...

It must be all the golf he plays that causes him to “forget” the recession!

Welcome to the beginning of the end of the economic recovery. On Tuesday diesel fuel was $4.49 per gallon along interstate route 81 in New York State! The price of fuel is rapidly approaching what Malcolm Gladwell would call the “tipping point”. Diesel fuel hit a peak of $4.72 per gallon in July of 2008. That took a huge toll ...

The State of Virginia has some very important elections today as the balance of power could shift dramatically with a GOP take over of the state’s Senate.  Governor Bob McDonnell has a split congress in the Commonwealth as it stands now, with Democrats holding the majority in Virginia’s upper house and Republicans controlling the lower as well as the Governor’s ...

When speaking to a local reporter in Orlando, Florida, President Obama seemed to lay the blame for slow job growth at the feet of Americans themselves. When asked about the sluggish economy and poor job growth over the past several months the president replied, "The way I think about it is, this is a great, great country that had gotten ...

Obama and the Democrats have been eager lately to compare their “messiah” with Ronald Reagan. How they can do this and simultaneously decry him is of course a paradox only the Democrats can get away with. But since Obama is so eager to channel the Gipper, perhaps a comparison of the two bears examination. Actually, there are a few similarities ...

President Obama’s approval ratings among American voters have been dropping to historic lows as he heads into the third year of his first, and only term, as President of The United States. Electoral history backs up that last statement, in the fact that no incumbent President has ever been reelected with our current stubbornly high unemployment rate hovering over 9%. ...

President Obama gave his much anticipated speech on jobs (links to full text and video below). While many were looking forward to some plan from the leader of the country, and his supporters were glad to have something to justify their reverence for the man they will vote for next year, the speech falls incredibly short when analyzed from a real-world perspective. ...

Tonight the President of the United States will appear before a joint session of Congress to give a speech on what he considers important issues facing America today. With the exception of the State of the Union Address, which is required by the Constitution itself, presidential speeches to a joint assembly are usually reserved for times of crisis or for ...

SAN FRANCISCO and LONDON, Aug. 26, 2011 /PRNewswire/ — Economic growth in the U.S. over the next 12 months is expected to decline to around 2.0 percent, significantly lower than the 3.1 percent predicted as late as June 2011, according to the proprietary macroeconomic model of Mellon Capital Management, part of BNY Mellon Asset Management.    The slower growth expectation is discussed in a recent ...

We continually hear the liberal left rant that the Conservatives want to take food out of the mouths of children and throw grandma off the cliff. Liberals refuse to understand and/or accept the fact that their definition of “charity” is not at all what charity truly is. Let’s look at a hypothetical situation. If I see you with a sandwich, ...

NEW YORK, Aug. 4, 2011 /PRNewswire/ – Although Congress and President Obama have agreed to raise the debt ceiling, a majority of Americans say that the debate has made them less confident in the nation’s economic recovery. More than half (54 percent) of Americans surveyed say that the debt ceiling debate has made them feel less confident in the economy, and 42 ...