During his first two years, with the support of commanding Democratic Party majorities in Congress, President Obama placed the biggest bet in US history on centralized government power.  The People lost.  We’re still losing. The Commerce Department just published its final revision of the 4th quarter 2012 GDP growth rate.  From October through December the […]

The headline jobs statistics understate the depth of America’s misery and despair. The White House and President Obama’s media groupies we’re popping Champagne corks when the Labor Department released its monthly jobs report showing that the unemployment rate had fallen to 7.7% in February, from 7.9% in January.  Employers created 236,000 jobs the fifth best […]

The labor Department reported the unemployment rate ticked up from 7.8% to 7.9% in January.  Most of the media marched in lockstep with the White House, emphasizing the other headline statistic, 157,000 jobs created in January.  While not enough to keep up with population growth that number was, as the loyal reporters chanted, “moving in […]

Another month of anemic job growth as the weakest post-recession job market ever recorded grinds on. Employers added 157,000 jobs in January, fewer than needed to keep up with growth in the working age population and replace the jobs lost during the recession.   The unemployment rate ticked up from 7.8% to 7.9% and has hovered […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]