Senate Democrats Pitch Transportation Bill as a Job Creator
In another purported attempt to spur "job creation," Senate Democrats will try to transform their $109-billion transportation bill into law this week. In...
Economic Commentary
Bernanke Befuddled
In a moment of unexpected and unsettling candor, Federal Reserve chairman Ben Bernanke, in his testimony on Tuesday before the House Financial Services...
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China Hits Turning Point; Jobs Coming Back to the U.S.
As reported in The New American here, the difference in wages between Chinese and American workers is narrowing rapidly. Part of the reason...
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Right or Wrong? Ron Paul Says America Is Turning to Fascism
“We’ve slipped away from a true Republic,” Texas Congressman Ron Paul claimed in a speech to a Missouri audience February 18. “Now we’re...
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Third-Year Anniversary of $787B Stimulus Scores a Grave Milestone
Last Friday marked the third-year anniversary of President Obama’s $787-billion economic "stimulus" law — and it scored a rather grim milestone: The unemployment...
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Obama Takes Credit for Economic Recovery
In his State of the Union address President Obama touted the "rebound" in the economy, taking credit for his administration’s policies in its...
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U.S. Manufacturing Is Making Headway
The numbers posted at Investors Business Daily over the weekend by John Merline were impressive: U.S. manufacturing profits last year exceeded $600 billion,...
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Big Banks Oppose Volcker Rule, Urge Delay in Implementing It
The deadline for comments on the proposed Volcker Rule was Monday night and hundreds, if not thousands, of letters arrived at the last...
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Rising Oil Production in Alberta: More Evidence Disproving Hubbert’s Peak
The latest report from the Calgary (Alberta, Canada) Herald was nothing but good news: The steadily declining production of light oil from 2002...
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Report: Government Dependency Increases 23 Percent Under Obama
American dependence on government has soared to an all-time high under the Obama administration, growing 23 percent in just two years, according to...
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Printing Money in Britain Doesn’t Work There Either
The long-awaited announcement of another bout of money printing in England on this Thursday will prove once again that experience doesn’t modify behavior...
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Friday’s Unemployment Numbers: Correcting the Corrections
The news released by the Bureau of Labor Statistics (BLS) on Friday appeared to be all good: The unemployment rate was down by...
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Housing: Prices and Ownership Still Correcting
Just when CoreLogic, the California-based mortgage data provider, began to wax optimistic about the housing market, the Census Bureau and the S&P/Case-Shiller index doused their enthusiasm...
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CBO Report: U.S. Deficits “Unsupportable”
In the summary of its “Budget and Economic Outlook” published on Tuesday, the Congressional Budget Office (CBO) noted the supportability of deficit spending...
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Keynesian Economists Agree: China to Have “Hard Landing”
Mainstream economist Robert Samuelson admitted last week that the case for the ending of the economic boom in China has some substance. Keynesian...
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