From Telegraph.co.uk: Markets took Wednesday’s US and Chinese manufacturing data as just such a reprieve and celebrated with robust gains on equity markets. London even overcame earlier disappointment over slowing UK factory growth by ending up 2.7pc. On the morning after President Barack Obama had declared an end to America’s seven year war in Iraq, [...]
From Telegraph.co.uk: The 8.5m who lost their jobs in the recession; the 1.2m who have given up looking for work and, finally, the Republicans who can smell a Democratic President in trouble. Like the recession, America’s recovery is departing from the normal script. Since World War II, the deeper the downturn the economy has endured, [...]
From Townhall.com: Optimism about America’s future is in very short supply nowadays as we near the end of the third year of an economic recession with little or no relief in sight. I know the White House and its allies will say that the recession is over and the national economy has begun expanding again. [...]
From The Heritage Foundation: When President Barack Obama’s own oil spill commission first met in July, they said that the President’s decision to ban oil drilling in the Gulf fell outside their mandate. But after a number of highly charged field hearing in the Gulf, the commission did a 180-degree reversal and promised to press the [...]
From NewsMax.com: Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out. The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday’s report from the Treasury Department suggests the $75 billion government effort is failing to slow the [...]
From Townhall.com: The Columbus Dispatch is busy today working to correct the lies “misinformation” delivered by Pres. Barack Obama during his recent visit. When Obama landed in the state capital on Wednesday, he set out to demonstrate the unmistakably positive impact of his stimulus plan. But the Columbus Dispatch is saying, “Uh, not so fast, [...]
From Townhall.com: In spite of the fact that our nation’s economy is struggling and talk of a meaningful recovery has halted, both President Obama and Big Labor bosses continue to advocate for the Employee ‘Forced’ Choice Act (EFCA), legislation economists believe would result in massive job loss and seriously harm our nation’s top job creators, [...]
From NewsMax.com: A campaigning President Barack Obama said Tuesday it will take a few years to dig the nation out of the recession, warning impatient voters that any candidate promising faster results “is just looking for your vote.” The president’s economic outlook, coming in the heat of a divisive midterm campaign stretch, reflected his tricky [...]
From The Heritage Foundation: Sen. Tom Coburn (R-OK) likes to say that Congressional earmarking has become the gateway drug to federal overspending. Is there any better evidence of this theory than President Barack Obama’s $1 billion earmark for a special project in Illinois that was slipped into his failed $862 billion stimulus? According to Secretary of Energy [...]
From The Heritage Foundation: When President Barack Obama signed the latest bailout for spendthrift states and government unions, he claimed the $10 billion earmarked for education spending would save the jobs of 160,000 teachers. But as we pointed out before the bill was signed, this number was completely made up. Since local governments always exaggerate the number of government [...]
From The Heritage Foundation: Benjamin Franklin famously said, “In this world nothing can be said to be certain, except death and taxes.” With America’s stagnant-as-a-swamp economy still stuck at 9.5% unemployment, an unexpected 484,000 new jobless claims, and reports of a slowed recovery, it might be time for old Ben to pull out his quill and add another [...]
From The Heritage Foundation: The New York Times reports today that only 8.4% of the $3.2 billion Congress included in President Barack Obama’s failed stimulus to create green jobs by improving energy efficiency has been spent through July. From the NYT: The program was to provide money for the purchase of better lighting or heating and [...]
From The Washington Times: America appears to be in worse long-term financial health than Greece, Europe’s poster child for govermental mismanagement. According to a report issued last month by the International Monetary Fund (IMF), the United States has built up so much debt and so many financial obligations that the difference between all future expenditures and revenues, the [...]
From The Heritage Foundation: The immediate effects of Obama’s policies are easily seen. We can observe the workers of which billions of dollars have been spent to employ. We are aware of the entitlement checks given by the pen stroke of congress. It is inferred that the recovery plan actually recovers. However, Obama’s legislative activism has [...]
From Michelle Malkin: The latest jobless numbers are out. Unemployment remains stuck at 9.5 percent — with employers shedding 131,000 jobs in July. Private sector employers added 71,000 (less than the private sector payroll additions in June); 143,000 Census workers were let go. The WSJ reports: The jobless rate, which is calculated using a separate household [...]
From NewsMax.com: Signs are growing that the administration’s inner circle of economic advisers — once hailed as the “dream team” — appears to be cracking under the pressure of yet another dismal jobs report and reports of dissention within the White House ranks over what to do about the stagnant economy. The news that Christina [...]
From The Heritage Foundation: According to reports, Christina Romer, Chairman of the President’s Council of Economics Advisers (CEA) is calling it quits. Why does this matter? Another ignored economist leaves Washington with a slightly tattered professional reputation to be received joyously back in the arms of her colleagues in academe having served in a glorious cause—pass [...]
From Townhall.com: A year and a half into his presidency, more Americans blame Barack Obama for the dismal state of the U.S. economy than George W. Bush. Obama has been traveling the country insisting that a weakening economy and high unemployment are still Bush’s fault, but more and more voters are no longer buying that [...]
From The Heritage Foundation: Yesterday on ABC’s This Week, host Christiane Amanpour asked Speaker Nancy Pelosi (D-CA): “You are, by all accounts, one of the most — if not the most — powerful and successful speakers of — in the history of the United States. You’ve passed so much legislation. The President was elected with a [...]
From The Heritage Foundation: A drilling moratorium aimed at big oil is a drilling moratorium aimed at local oil as well. That’s the message being sent by the Greater Lafayette Chamber of Commerce in Lafayette, Louisiana as they revive the “Energy Division” from several years of dormancy. Why now? According to The Daily Advertiser, “challenges from [...]