President Obama gave what was billed as a speech on Iraq Tuesday night.  But towards the end, Obama changed the subject to a down-beat preview of the one of the Democrats’ deceptive campaign themes for the fall Congressional elections: Unfortunately, over the last decade, we have not done what is necessary to shore up the [...]

In politics a deception often becomes accepted truth through continuous, unchallenged repetition. With less than six months left before the mid-term election, President Obama and the Democrats appear to have contrived a deception they hope will overcome two major negatives: The gargantuan “stimulus,” jammed through Congress before it was even printed, let alone read by [...]

After presiding over the loss of 4 million jobs since his “stimulus” was enacted Obama made an astounding assertion in the State of the Union: We can’t afford another so-called economic “expansion” like the one from the last decade –- what some call the “lost decade” -– where jobs grew more slowly than during any [...]

President Obama tried to portray the so-called stimulus bill as an engine of prosperity.  Remember, the stimulus was sold as the immediate cure to rising unemployment.  Obama promised the jobless rate would rise no higher than 8% if it passed.  Here’s what he said Wednesday night: Because of the steps we took, there are about [...]

The table below illustrates the tax increase that will hit individuals and families when their employers yield to the incentives in the Baucus bill to drop health coverage and send employees to the new government exchange to buy insurance. Last week the folks at the Congressional Budget Office (CBO) regaled us with their analysis of [...]

In January Obama’s economic team published a report, including the above chart, predicting the number of jobs that would be created “or saved” by the “stimulus” $787 Billion of borrowing and spending. The report authors, through a series of assumptions, estimates, projections, purported to determine the total at 3,675,000 jobs.  They even included figures by [...]

Recently, President Obama, his various spokesmen and his media supporters donned their Econ professor hats to tutor us from history that re-employment has always been a “lagging indicator” as recessions end and recoveries begin.   True enough. But that’s not what they said in January and February.  Back then, when they were furiously selling the stimulus, [...]

Today, the Administration released it’s Mid Session Budget Review, a 75 page document required by law, to update Congress on recent events that could affect the 2010 budget. On the summary page appears this laughable, yet tragically out of touch fantasy: Despite the demands put on the treasury to respond aggressively to avoid economic collapse, [...]

The last economic downturn began in late 2000, with job losses starting in February, 2001 and accelerating after the terrorist attacks of 9-11-01. The only “stimulus” was sweeping tax rate reductions, a strategy that had proved successful when implemented by Presidents Kennedy and Reagan. Fifty two months of continuous Job growth began in September of [...]

. For weeks Obama Administration officials have warned that unemployment would rise from present levels.  A lot.  Yesterday Press Secretary Robert Gibbs looked grim as he told reporters he expected today’s employment report from the Labor Dept. to show “several hundred thousand jobs lost” and a higher unemployment rate for July – higher than June’s [...]