What if there was a shocking employment statistic but nobody paid any attention? Measured by the norms in place in 2008 the May Unemployment Rate would have been 9.8%, not the 4.7% reported by the Administration. The Commerce Department published a depressing monthly jobs report on June 3. Public and private sector employers combined created a […]

Obama and his media cheer leaders insist his economic record should begin not at the beginning of his term but six months later when the recession ended and positive economic growth began. Thus, we mark June 2015 as the sixth anniversary of ObamaNomics.

Income Inequality is NOT the reason millions of Americans suffer insufficient incomes or are unable to access economic opportunity.  One person does not, by earning a high income, cause other people to earn low or no income. The reason joblessness and middle class misery have been worse since the recession ended in 2009 than in […]

First in a series. President Obama, Hillary Clinton, media commentators, and misguided Republicans blame income inequality for middle class hardship and a host of other problems, even the riots in Ferguson and Baltimore.  Mrs. Clinton’s campaign will allege that whoever becomes the Republican nominee caused or supports inequality and is therefore wicked and dishonorable The […]

If the economy falls in America but the President, and the Congress ignore it, will The People suffer? On Friday the Commerce Department issued a sharply downward revision of its GDP report for the first quarter of 2015.  Instead of growing at a miniscule 0.2% the economy contracted.  GDP came down 0.7%. The establishment media […]

We’re in the seventh year of the most audacious and reckless experiment with progressive economic theories in our nation’s history.

Record shattering deficits and debt have not delivered the promised prosperity President Obama made an astounding claim in his recent pivot-to-the-economy speech at Northwestern University  The deficits have come down at almost a record pace, and they’re now manageable. The government’s fiscal year ended September 30 and the Treasury Department issued it’s final report for […]

June 2014 was the fifth anniversary of the end of the 2008-09 recession.  But the US economy has not yet begun an acceptable recovery.  Polls show more than half of Americans believe we’re still in recession. According to the “advance estimate” published Wednesday by the Commerce Department, Gross Domestic Product (GDP) grew at an annualized […]

If the economy falls in America but the President and the media don’t mention it, will The People still suffer? Last week the Commerce Department published a revised GDP report showing that the economy contracted by 1% during the first quarter of 2014. As the chart shows, even before the first quarter contraction we were […]

The Commerce Department just downgraded America’s GDP growth during the first quarter of this year from the anemic 2.5% initially reported back in April to an alarmingly low 1.8%.  For context consider that average quarterly GDP growth during all non-recession periods from 1947 when quarterly GDP reporting began, through  2007 was 4.4%.  The chart below […]