How many government jobs would satisfy the President and the Democrats? President Obama kicked up a lot of dust when, in the course of answering a reporter’s question about the economy, he announced that “the private sector is doing fine.”  His media defenders assure us it was an unscripted slip and the Conservative reaction was [...]

Does President Obama understand fundamental economic principles? The President held a Press Conference Friday to discuss the state of the economy and job creation  and made a startling assertion: Reporter’s Question on the topic of jobs: What about the Republicans saying that you’re blaming the Europeans for the failures of your own policies? President Obama: [...]

The Labor Department has published its jobs report for May: Employers added a pathetic 69,000 jobs.  It takes at least 125,000 new jobs every month to keep up with the growth in the working age population, and employers still have not replaced the five million jobs that were lost in 2008 and 2009. The reports [...]

Suppose a man in his fifties loses his job and, after months of actively searching for new employment gives up looking for a while even though he still wants a job.  Is he “unemployed” or “retired?” As the chart shows, the labor force participation rate – the percentage of the working age population that is [...]

In a rational world a President would honor these people as economic heroes who do far more than their “fair share.” This week the Obama campaign transitions from gay marriage to placing blame for the looming government debt crisis on the only people who are doing anything to alleviate it.  He continues to insist that [...]

The Obama campaign, in a frenzy of spin, is trying to persuade us that recent employment statistics signal economic improvement for which we should thank President Obama by renewing for four more years his project to “transform America” by expanding the power and dominance of government in our lives.  At a campaign event following release [...]

The fastest growing demographic group in America is long term unemployed people who have given up hope of ever finding a job and quit looking.  The headline numbers in the government’s monthly jobs report may have seemed “OK” to the casual reader: 115,000 jobs created in April as the unemployment rate ticked down from 8.2% [...]

Novelist Stephen King became the latest rich guy to board the Obama tax-hikes-on-the-rich band wagon with an angry, profanity laced essay at The Daily Beast titled “Tax Me, for F@%&’s Sake!”   It’s a long, rambling screed, based mostly on leftist folklore and tired campaign slogans.  Since the media are likely to turn Mr. King into [...]

The First quarter 2012 GDP report was disappointing, yet again.  The economy grew a tepid 2.2% during the first quarter.  This was down from an already weak 3% in the fourth quarter of 2011.  We’re told by the political-media establishment that President Obama’s tsunami of deficit spending was a brilliant stroke that saved the economy.  [...]

One of the Progressive Movement’s core doctrines, adapted by President Obama as a reelection campaign theme is that the economy is a zero sum battle ground where the rich face off against middle class workers with one side enjoying greater prosperity only at the expense of the other.  But in reality the interests of the [...]