The Obama Administration is visibly perplexed by the failure of the U.S. economy to be duly stimulated. It shouldn’t be. After frittering away political capital and taxpayer dollars on an ineffectual fiscal stimulus, Obama’s policies share the singular characteristic of draining the economy of the most important ingredient needed for …
Another month under President Obama, another 11,000 jobs lost, pushing the total Obama jobs deficit to 7.6 million. One day after the White House jobs summit admitted that the President’s policies — including the massive $787 billion stimulus enacted last spring — are not working to create jobs, the Department …
The unemployment rate when President Obama took office last January was 7.6 percent and credit markets were in the throes of a global contagion. He immediately tasked Congress with passing a fiscal stimulus bill, and signed a $787 billion whopper in March. Politicians rarely admit mistakes, especially big ones. Even …
The Department of Labor announced today the economy shed another 190 thousand jobs in October, pushing the unemployment rate to 10.2 percent and the running Obama jobs deficit to 5.7 million. Earlier in the week the Obama Administration released figures purporting to show the Obama stimulus had saved or created …
Confusing times lead to conflicting concerns. Worries over current deflation run into worries about explosive inflation down the road and now there are growing worries over another global asset price bubble. All of these worries are valid, but the possible return of the asset price bubble is the newest and …
Lawrence Summers, the Director of the White House National Economic Commission recently committed an unpardonable sin – he revealed two unpleasant truths in a single sentence. Summers said, “I don’t find there to be much evidence that suggests that raising the top marginal rates from 35 to 39 percent that …
