Entries from » obamanomics

Obama Seeks Do-Over on Economy

From Fox News: “I want to thank the members of this body for your efforts and your support in these last several months, and especially those who’ve taken the difficult votes that have put us on a path to recovery. I also want to thank the American people for their patience and resolve during this [...]

Barack Obama’s poor economic policies are playing into China’s hands

From Telegraph.co.uk: He may have a while to wait before his tables are full again. The regulars keep coming but a return to the bustling peak of the last boom, which started to topple over in the final quarter of 2007, seems a long way off. Americans are approaching next month’s mid-term elections experiencing a [...]

Price of Obamunism So Far: $3,000,000,000,000

From Right Wing News: Let’s hope liberals enjoyed the warm glow of self-righteousness they got from voting for the unqualified left-wing black guy with the name like a terrorist, because the price tag is astronomical and still rising: New numbers posted [Monday] on the Treasury Department website show the National Debt has increased by more than [...]

Obama Admin. Confesses To Another $1 Trillion-Plus Overrun

From Liberty.com: The Obama Administration today is set to confess to running a roughly $1.3 trillion deficit in the fiscal year that has just ended – one during which Washington Democrats cancelled the federal budget altogether in an unprecedented act of fiscal negligence.  Countless times since he was elected, President Obama and his team have promised the [...]

“Obama 2.0”: New Look, Same Old Job-Killing Policies

From Liberty.com: All the soul-searching going on at the White House is fast adding up to more job-seeking for the American people.  In the upcoming New York Times Magazine piece about the Obama White House – you know, the one in which the president likens communicating with the citizenry to ‘marketing and P.R.’ – there is [...]

Reagan Recovery vs. Obama Recovery in Pictures

From The Heritage Foundation: According to The National Bureau of Economic Research, the most recent recession began in December 2007, lasted 18 months, and ended in June 2009. The recession which most closely resembles the most recent one began in July 1981, lasted 16 months, and ended in November 1982. No two recessions are exactly the [...]

The EPA Ozone Regs: Another Obama Jobs Killer

From The Heritage Foundation: Just two years ago, President George Bush’s Environmental Protection Agency lowered the ozone standard from 84 parts per billion (ppb) to the current 75 ppb. Ozone is a naturally occurring molecule made up of three oxygen atoms that can be unhealthy at high levels. It is often created when vehicle and [...]

Oops. Obama’s ‘Saved Job’ Was Just Lost

From Right Wing News: Oh, it was a thing to be celebrated when Obama’s payoff to the teachers unions back in August “saved” the job of Ohio school teacher Amanda VanNess. It was such a thing of wonder that the big guy flew the elementary school teacher all the way to D.C. for an Oval [...]

Only 38 Percent of Americans Approve of President Obama’s Handling of the Economy

From Liberty.com: Across the board, Americans continue to reject President Obama and Washington Democrats’ economic policies.  Under the headline, “Obama’s Approval Rating on Economy Falls Further,” CBS News reports on new survey results released today showing that half of Americans disapprove of President Obama’s handling of the economy: The President’s rating on the economy. . [...]

Poll: US Investors See Obama as Anti-Business

From NewsMax.com: President Barack Obama is contending with widespread opposition at home and mostly approval abroad among investors in a global poll reflecting divergent perspectives on the business climate from the U.S. to Europe and Asia. More than three-quarters of U.S. investors view Obama as anti-business and are pessimistic about his policies, while a majority [...]

More than half think Barack Obama is doing a bad job on the economy

From Telegraph.co.uk: Some 57 per cent of Americans disapprove of Mr Obama’s overall handling of the economy, while his job approval rating is also at a low, with 52 per cent saying he is not doing well. However there is some hope for the Democrats as only 32 per cent think Republican economic plans would [...]

Obama powerless to reverse stagnation as the jobless total climbs

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, [...]

Will the White House have to replace its recovery blog with a double-dip one?

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, [...]

Obama Can’t Regulate His Way Out Of This

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. [...]

Obama Says Recession Recovery to Take Few Years

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 [...]

Death, Taxes and the Failure of Obamanomics

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 [...]

Another Green Jobs Debacle from Obama’s Failed Stimulus

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 [...]

Obama’s economic tragedy: U.S. fiscal gap makes Greece look responsible

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 [...]

Obama’s Failed Stimulus and Opportunities Forgone

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 [...]

Unemployment at 9.5%; another Obama econ adviser bails; Mrs. Obama hits the beach

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 [...]