Posted by Erick Erickson: Wow. Obama has been touring the nation making sure we know how many jobs he has saved or created. It is looking more and more like he is saving or creating the jobless. Unemployment this morning topped 10.2%, even though the number seeking employment has declined. Many have just given up. […]
They’re supposed to provide a boost to the economy, but the government’s stimulus programs are having the opposite effect. The Fed’s own statement, released yesterday, said, “Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit.” In other words, despite losing your job […]
Posted by Dan Perrin FROM: Michael Hammond RE: The Pelosi Bill -The real cost of the bill is at least $1.3 trillion (the CBO score, plus the “doc fix”) –- and probably much, much more. -The absolute minimum increase in the deficit would be $150 billion. You can probably add to this most of the […]
Be Prepared for the Worst By Ron Paul Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these […]
Robert Shiller The gains in U.S. home prices in recent months may not be sustainable and increases in some areas of the country appear to be in “bubble territory,” an economist known for his property market expertise said on Tuesday. Robert Shiller, an economics professor at Yale University and co-developer of Standard and Poor’s S&P/Case-Shiller […]
Commentary by Kevin Hasset Sept. 28 (Bloomberg) — Treasury Secretary Timothy Geithner’s appearance in Congress last week to explain how President Barack Obama would overhaul financial regulation elicited the most striking sign yet that the wheels have come off the administration’s economic-policy team. The White House had proposed, and Geithner was ready to defend, such […]
Posted by Leon H. Wolf Via USA Today, TARP IG Neil Barofsky has some harsh words for the way the TARP funds have been handled: A Treasury Department watchdog is warning that a key $700 billion bailout program has damaged the government’s credibility, won’t earn taxpayers all their money back and has done little to […]
Posted by Neil Stevens The time is coming that the left is going to begin its drive for Single Payer Internet, and so the time has come for us to fight back. Finland is gradually nationalizing the Internet and declaring use of other people’s Internet hardware a “right,” and the left is cheering. Obama’s “Internet […]
