Posted by Moe Lane I was hoping for a drop down into single digits, even if it was a high one. But hope is not a plan, as the current ruling party seems determined to prove. Short version: we lost 85K jobs last month – they were expecting a gain – and the number is […]
December was the worst month for US unemployment since the Great Recession began The labour force contracted by 661,000. This did not show up in the headline jobless rate because so many Americans dropped out of the system. The broad U6 category of unemployment rose to 17.3pc. That is the one that matters. Wall Street […]
Barney Frank’s decision to ‘roll the dice’ on subsidized housing is becoming an epic disaster for taxpayers. PETER J. WALLISON On Christmas Eve, when most Americans’ minds were on other things, the Treasury Department announced that it was removing the $400 billion cap from what the administration believes will be necessary to keep Fannie Mae […]
As the Obama administration celebrates it claim to victory on the economy, thousand more lose their jobs each month and thousands of other receive knocks on the door, its the sheriff informing homeowners the bank now owns their home and they have 30 days to pack up and leave. Nearly half of Detroit’s workers are […]
Peter Schiff–Although Barack Obama has refrained, at least for now, from delivering triumphant speeches in a naval flight suit, there is nevertheless a strong tone of accomplishment emanating from the President and his deputies. Over the weekend, top White House economic adviser Lawrence Summers even pronounced that the recession is now over. Without hedging his […]
Vince Veneziani- Japan denies it, but rumors persist that the country may dump Treasuries. Bloomberg continues to fan the flames. Bloomberg: Speculation that the Japanese government plans to sell $100 billion of U.S. Treasury debt to pay for domestic spending may impede the Obama administration’s borrowing plans. Japan has been this year’s biggest buyer of […]
Mr. President, here’s how to lift our economy By Mitt Romney Today’s White House jobs summit comes too late for millions of Americans who through no fault of their own have lost their jobs, their homes, their savings and, in many cases, the self-esteem and self-respect that come from work. Like other presidents before him, […]
Nov. 29 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said curbing the central bank’s authority to supervise the banking system and tampering with its independence would “seriously impair” economic stability in the U.S. “A number of the legislative proposals being circulated would significantly reduce the capacity of the Federal Reserve to perform its core […]
By James Simpson It is time to cast aside all remaining doubt. President Obama is not trying to lead America forward to recovery, prosperity and strength. Quite the opposite, in fact. In September of last year, American Thinker published my article, Barack Obama and the Strategy of Manufactured Crisis. Part of a series, it connected […]
