High unemployment is the predictable result of Obama’s economic policies. The Labor Department’s jobs report for April showed private sector employers added 268,000 jobs, the best month since 2006.  Compared to recent experience this was very good news.  But compared to past economic recovery periods it was unremarkable. In a TV interview Austan Goolsbee, Chairman [...]

President Obama’s deficit narrative is a hoax. In what has become his campaign stump speech he makes a series of assertions that upon scrutiny prove to be baseless and to contradict publicly available data from his own Office of Management and Budget (OMB).  He claims that during the Bush years: …we made the [deficit] problem [...]

Are Millionaires and Billionaires the Problem? In his speech on government debt last week President Obama sought to exploit the complexity of the tax system to deceive The People.  Our previous post debunks his implication that President Bush caused the current debt crisis.  Further into his speech he implied that “millionaires and billionaires” were to [...]

Critics of President Obama’s deficit reduction speech called it the opening of his 2012 reelection campaign rather than a serious, sober presentation of the problem and proposed solutions.  We agree. He began by praising big government for all its varied taxpayer funded functions.  He then fixed blame for recent massive deficits and the looming debt [...]

“Do you approve or disapprove of the way Barack Obama is handling the economy?” The March 2009 Gallup poll came at the end of months of hype that apparently convinced a majority that this charismatic new President was so brilliant, so financially clever that he could restore all the lost jobs, plus create millions of [...]

If we’ve learned nothing else from the miserable experience of the past three years we have learned that massive government borrowing and spending creates debt, not jobs. The Labor Department released it’s monthly Jobs report on April 1.  The chart, tracks the results of the response by Presidents Bush and Obama to the current, deep [...]

Desperate to block any spending cuts the Democrats and their media supporters are now resurrecting three myths regarding President Herbert Hoover and the Great Depression. Economist and Progressive hero Paul Krugman, provides an example in his latest New York Times editorial: More than three years after we entered the worst economic slump since the 1930s, [...]

On March 9 the Senate killed HR1, a bill passed by the House that would cut 2011 spending by $61 Billion or 3.7%. On March 10 the Treasury Department published it’s monthly statement, including year-to-date figures as of the end of February, the fifth month of the 2011 fiscal year. In the face of the [...]

Secretary of Labor Hilda L. Solis issued a written statement commenting on the Labor Department’s latest employment report published March 4.  She said in part: “Our nation’s labor market improved notably in the month of February. Nonfarm payroll employment increased by 192,000, and the unemployment rate decreased to 8.9 percent [down from 9.0% in January] [...]

The monthly Jobs report released March 4 offers some hope that the worst recession misery may be behind us.  Employers added 192,000 jobs in February, about double the average gain over the preceding twelve months.  The unemployment rate ticked down from 9.0% to 8.9%.   Establishment media gleefully reported “good news for the Obama White [...]