Economic Commentary
Getting Jobbed by the Government
Item: House Speaker Nancy Pelosi (D-Calif.) said not long ago that unemployment insurance is “one of the biggest stimuluses [sic] to our economy.”...
Stossel Unhappy with Greenspan
When John Stossel of Fox Business Network wrote his recent “Memo to Alan Greenspan” column, he recounted many of Greenspan’s failings while Chairman...
Read moreBringing Sanity to the Home Mortgage Market
Most people — except possibly the American political class — know that one of the prime causes of the current economic crisis was...
Read moreUnemployment Claims Jump to 484,000
The continuing implosion of the U.S. economy in the aftermath of unprecedented federal bailouts and unemployment programs has now brought forth a stunning...
Read moreThe Fed Is Caught in Its Own Trap
The much-anticipated, long-awaited pronouncement from the Fed yesterday confirmed what nearly everyone else expected: Things are not going swimmingly, but they’re ready to...
Read moreWage Gap Widens Between Private and Public Sectors
According to a new study by the Cato Institute, the gap between the haves and the have-nots in the United States continues to...
Read moreBehind Friday’s Jobs Report: The Real Numbers
Buried in Friday’s employment report from the Department of Labor Statistics were two key numbers that reflected the slowdown in the economy so...
Read moreRecession or Recovery: Symptoms and Salves
Treasury Secretary Timothy Geithner’s assurance that the Great Recession is over will undoubtedly convince many Americans that relief is on the way and...
Read more“Stimulated” Out of Jobs
Item: Speaking in Canada where he was attending the Group of 20 summit, “President Barack Obama said on Sunday he would follow through...
Read moreGeithner: Welcome to Reality
Claims that “we are on a path back to growth” by Treasury Secretary Timothy Geithner in an op-ed in the New York Times...
Read morePaul Craig Roberts: America Has Become an Oligarchy of Private Interests
Earlier this year, it looked as if columnist Paul Craig Roberts had hung up his word processor in disgust, having just published his...
Read moreBernanke: Fed Could ‘Step Into New Areas’
Federal Reserve boss Ben Bernanke told Congress this week that despite not having any imminent plans to further “support” the economy, the central...
Read moreFinancial Overhaul Law Boon to Financial Overlords
A triumphant and triumphalist President Obama signed the financial overhaul bill into law July 21, promising as he did that “the American people...
Read moreGreat Depression: Here We Go Again?
The unremitting flow of negative news about the economy has finally caught the attention of the mainstream media, causing an increasing number of...
Read moreStill Waiting for the Recovery
The economy has gained either 2.5 million jobs or 3.6 million jobs since the Recovery Act was signed into law in January, 2009,...
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