President Obama says he’s 100 percent focused on creating jobs these days, so why is taking advice from a bunch of CEOs whose companies have shed thousands of jobs over the last decade? Watch the latest video at video.foxbusiness.com Investor’s Business Daily has the highlights: • GE’s domestic workforce shrank by 25,000 — almost 16% [...]
The Fed’s Easy Money Skeptic
February 12, 2011 By Leave a Comment
Mary Anastasia O’Grady has slightly disturbing interview with Philadelphia Federal Reserve bank president Charles Plosser in today’s Wall Street Journal: Federal Reserve Chairman Ben Bernanke was on Capitol Hill this week to answer critical questions about monetary policy, amid rising bond yields and sharply higher commodity prices. Mr. Bernanke showed no self-doubt, and Friday’s resignation [...]
Video: The Truth About Our Jobs Crisis
October 15, 2010 By Leave a Comment
The folks over at Bankrupting America have produced a video and infographic that really puts our current jobs crisis in perspective: I really can’t add anything here other than pointing you to a rather chilling analysis from Investor’s Business Daily: U.S. Won’t Recover Lost Jobs Until March 2020 At Current Pace. This election is probably [...]
U.S. Economy Loses 95,000 Jobs in September, Unemployment Remains at 9.6%
October 8, 2010 By Leave a Comment
Stagnation… That’s really the only way to describe today’s jobs report. The U.S. economy shed 95,000 more jobs last month and the number of underemployed grew by 612,000, and now stands at 9.5 million people: WASHINGTON (MarketWatch) — The U.S. economy lost 95,000 nonfarm jobs in September as local and state governments shed positions at [...]
It’s the Spending, Stupid
September 22, 2010 By 1 Comment
If a picture really is worth a thousand words… Then this chart from the Heritage Foundation says it all: Bottom line; we’re not under taxed… The government spends to much! H/T: James Pethokoukis.
CNBC: Economy Caught in Depression, Not Recession
August 25, 2010 By Leave a Comment
I be the first one to admit I’m a pessimist on the economy, but not even I’m this pessimistic: Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday. Writing in his daily briefing to [...]
Initial Jobless Claims Rise… Unexpectedly… Again
February 25, 2010 By Leave a Comment
Here we go again, another week and another, um, “unexpected” rise in initial jobless claims: The number of new claims for unemployment benefits jumped unexpectedly last week as heavy snows caused layoffs to rise. In addition, many state agencies in the mid-Atlantic and New England regions that process the claims were closed due to the [...]
Loading ...
Connect With Me: