Category Archives: Economy

Up Until Now…..

Posted on March 1, 2010 by Gaius

Every weekly or monthly unemployment report that showed job losses has been “unexpected”. (Every job report that showed even a very, very, very modest decline in the number of unemployment numbers has been heralded as nothing less than the Second … Continue reading →

Posted in Economy, Obamantics | 5 Comments

Substituting Electioneering For Governing

Posted on March 1, 2010 by Gaius

Robert Samuelson: The common denominator is a triumph of electioneering over governing. Every campaign is an exercise in make-believe. All the good ideas and good people lie on one side. All the “special interests,” barbarians and dangerous ideas lie on … Continue reading →

Posted in Economy, Politics | Comments Off

Blue Bleeds Red

Posted on March 1, 2010 by Gaius

Forbes has the numbers: The five states in the worst financial condition–Illinois, New York, Connecticut, California and New Jersey–are all among the bluest of blue states. The five most fiscally fit states are more of a mix. Three–Utah, Nebraska and … Continue reading →

Posted in Democrats, Economy | 1 Comment

There’s That Word Again

Posted on February 18, 2010 by Gaius

Unexpectedly: The number of newly laid-off workers filing applications for unemployment benefits unexpectedly surged last week after having fallen sharply in the previous week. The gain dampened hopes about how quickly the labor market may improve this year. The Labor … Continue reading →

Posted in Economy | 2 Comments

Dumping

Posted on February 16, 2010 by Gaius

This is not good: A record drop in foreign holdings of U.S. Treasury bills in December sent a reminder that the government might have to pay higher interest rates on its debt to continue to attract investors. China reduced its … Continue reading →

Posted in Economy | 6 Comments

More Like Europe

Posted on February 13, 2010 by Gaius

Where a French bank is warning that the collapse of the Euro is inevitable? The European single currency is facing an ‘inevitable break-up’ a leading French bank claimed yesterday. Strategists at Paris-based Société Générale said that any bailout of the … Continue reading →

Posted in Economy | 3 Comments

Slip Sliding Away

Posted on February 9, 2010 by Gaius

Or why the Obama jobs initiatives will all fail. It’s the taxes: Employers are getting hit with a massive tax hike at a time when they can least afford it. Companies in at least 35 states will have to fork … Continue reading →

Posted in Business, Democrats, Economy, Obamantics | 2 Comments

Oh, Mama, Can This Really Be The End?

Posted on February 5, 2010 by Gaius

Could this be the end of the Kennedy political dynasty? Nearly 6 in 10 registered voters in the First Congressional District would consider another candidate or vote to replace Loughlin’s opponent, U.S. Rep. Patrick J. Kennedy, according to a WPRI-TV, … Continue reading →

Posted in Democrats, Economy, Politics | Comments Off

The Really, Really Slow Learner

Posted on February 4, 2010 by Gaius

Go over and look at the disturbing graph that David Boaz has posted at the Cato@Liberty blog. It ain’t pretty, folks. As Boaz puts it: Let’s hope the Obama administration soon learns that higher taxes, more regulation, a larger share … Continue reading →

Posted in Appalling, Democrats, Economy, Obamantics | 3 Comments

Guess What? It’s Worse.

Posted on February 4, 2010 by Gaius

I do not think unexpectedly means what they think it means. Because every time jobless claims rise it surprises the heck out of the media elite. More Americans unexpectedly filed first-time claims for unemployment insurance last week, indicating companies lack … Continue reading →

Posted in Appalling, Democrats, Economy | 4 Comments

Parting The Red Sea

Posted on February 3, 2010 by Gaius

Not my fault. I didn’t do it. Those guys are really at fault. I didn’t explain it enough. Wah! It’s getting old, and it is a complete fabrication. The sea of red arterial blood from the American economy is all … Continue reading →

Posted in Democrats, Economy, Obamantics | Comments Off

“Free” Fall

Posted on February 2, 2010 by Gaius

Not good. Competitiveness: The latest index of economic freedom shows America falling fast, being ranked for the first time as “mostly free.” We’ve fallen behind Canada, and it’s look out below. Our accelerating descent into a command-and-control economy with government … Continue reading →

Posted in Economy | Comments Off

The Other Shoe

Posted on February 2, 2010 by Gaius

Happy days are here again, right? That’s the party line from the maladroit, mendacious munchkin chorus, right? GDP is up and all the signs are there for a roaring recovery, right? Well, maybe not. The share of borrowers who are … Continue reading →

Posted in Economy | Comments Off

The Super-Sub-Prime Crisis

Posted on February 2, 2010 by Gaius

Prepare to be frightened: Q. Say America was a person, how much credit card debt would America have? A. Let’s put it this way: Spending last year was about $3.5 trillion. The deficit was $1.42 trillion, which means that revenues … Continue reading →

Posted in Economy | 1 Comment

We Get It. They Do Not.

Posted on January 31, 2010 by Gaius

Ron Smith: One of the problems the “educated class” seems to be having is that they, with rare exception, are weathering the Great Recession rather well. The under-educated, i.e. less privileged, are not. There is a great difference in their … Continue reading →

Posted in Democrats, Economy, Obamantics | 2 Comments