Six Years of ObamaNomics: A Grim Anniversary

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.

Economic Alarm Signals: Does Anyone Hear?

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 […]

ObamaNomics Year Seven: Economy Sputters to a Standstill

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

Five Years of ObamaNomics: A Progress Report

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 […]

Has Another Recession Already Begun?

What may become the most significant news economic news of 2014 was nearly ignored by the political-media establishment. The Commerce Department published its third and final revision to its quarterly GDP report.  The economy contracted by 2.9% during the first quarter of 2014. As the chart shows we were already suffering through the weakest of […]

Political-Media Establishment Ignores Ominous Economic News

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 […]

First Quarter GDP Downgraded

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 […]

Theory Behind ObanaNomics is a Proven Hoax

Rarely has there been a better opportunity to judge the validity of economic ideas than the last four, miserable years.  We have experienced in real time an audacious experiment, testing the theory of economist and progressive hero John Maynard Keynes that the government can buy prosperity by spending enormous amounts of borrowed money and the […]

Shrinking GDP and Big Government Failure

After three years of inadequate growth the economy contracted during the final months of 2012. GDP turned negative by 0.1% during the fourth quarter. After the Commerce Department issued it’s quarterly GDP report the White House tried to present a deteriorating economic indicator in positive terms: This was the first quarterly drop in real GDP in […]

Too Late: CBO and WaPo Scare Us With Truth

A week after the election the Congressional Budget Office (CBO) and the Washington Post published key economic data that all voters should have seen – that Liberty Works readers did see – before the election. This chart, copied from a November 14 Congressional Budget Office report, appeared November 15 on the Washington Post’s WonkBlog under […]

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