“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 […]
Congressional Democrats and their supporters are alarmed by any discussion of spending cuts and are trying to convince us it would be disastrous to “slash” 2011 spending from $3.819 trillion projected by the Obama Administration all the way down to $3.759 trillion proposed by the new GOP majority in the House of Representatives. Since the […]
Much of the media’s “information” about the federal budget 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. When the President delivered his 2012 budget to Congress the media shouted “$1.1 trillion in cuts!” Did this mean the government […]
At the White House they’re celebrating the Second Anniversary of the enactment of the Obama Stimulus of 2009. Remember the arrogance and contempt toward those of us who knew the stimulus would fail to create jobs while running up catastrophic debt? Scroll down to see a 20 second video segment of the President’s sneering […]
The spending cuts are accounting flimflam. The record breaking increase in tax revenue is fantasy. At his press conference Tuesday President Obama hoped to plant the perception in the mind of the public that his 2012 budget was an exercise in frugality. Here’s one of his responses to budget questions: …this is my third budget. […]
