Shrinking GDP and Big Government Failure

After three years of inadequate growth the economy contracted during the final months of 2012. GDP turned negative by 0.1% during the fourth quarter. After the Commerce Department issued it’s quarterly GDP report the White House tried to present a deteriorating economic indicator in positive terms: This was the first quarterly drop in real GDP in […]

Obama’s New Years Eve Duplicity

President Obama decided that New Years Eve, as the Senate was considering the fiscal cliff bill, would be a good time to mock Republican voters and the Representatives they elected.  So he organized a campaign style rally complete with a cheering audience of White House staffers.  He claimed the purpose of this media event was […]

Deficit Flim Flam: Claim Cuts But Spend More

Much of the political-media establishment’s “information” about massive government deficits and fiscal cliff negotiations is deception made possible by the arcane budgeting process in Congress.  President Obama didn’t invent the process.  But he’s an enthusiastic practitioner of the deception. [continued below the chart]While most of the “news” bout fiscal cliff negotiations has been about tax […]

Jobs: Political Happy-Talk Vs Grim Reality

The Obama Administration and its media friends proclaim good news without disclosing that it masks bad news. “The Employment Emergency is Over,” announced Reuters News Service when the December Jobs report was published.  The White House bragged: …the unemployment rate declined from 7.9 percent in October to 7.7 percent in November, the lowest since December 2008. But it […]

It’s The Spending, Stupid

During weeks of post-election campaigning and economic debate in Washington the political-media establishment has simply ignored the the real cause of the government’s monstrous deficits and rapidly growing debt. After years of refusing to deal with relentless growth in federal spending Congress and the President have dragged us to the Fiscal Cliff, a nickname for […]

Cynical Campaign Rhetoric Continues

The President is not yet serious about resolving the Fiscal Cliff crisis he helped create. Due to negligence on the part of President Obama and Senate Democrats, 2011 and 2012 budget and borrowing issues were not resolved.  Instead the President actually signed into law a series of bills that add up to The Fiscal Cliff […]

Politics Vs Economic Principles

At his news conference Wednesday President Obama insisted on tax increases for “the wealthy” a strategy that directly targets small and medium sized businesses that are most likely to create jobs.  He was reminded by a reporter that he had agreed in 2010 to give up fighting for tax hikes and keep all the Bush […]

ObamaNomics Vs The Little Guy & His Family

President Obama’s reelection campaign was based almost entirely on allegations that Mitt Romney was morally disqualified for office because he was “for the rich” while Obama was “for the little guy and his family.”  But since the first day of the Obama Administration it has been “the little guy” who needs employment, and his family, […]

Obama’s Only Jobs Boast Is a Jobs Failure

If you’ve heard a campaign speech by President Obama or Vice President Biden or you’ve heard their cheer leaders in the media, you’re familiar with the one employment statistic they bellow at every opportunity: Over the last thirty months we’ve created 4.6 million private sector jobs! They hope voters will think 4.6 million, the net […]

Unemployment Rate Is Much Worse Than It Looks

The September Jobs report published Friday by the labor Department was a deep disappointment. Only 96,000 jobs created in August, a pathetically small number, about a third fewer jobs than the monthly increase in the working age population. President Obama and his supporters, hoping for a positive response from recession weary voters, rushed to the […]

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