Fourth Quarter GDP from 2013 Revised Down

Mar 01, 14 Fourth Quarter GDP from 2013 Revised Down

Posted by in Economics, Featured

The Department of Commerce revised the 4th quarter GDP from 2013 to 2.4% from 3.2%. Here’s the takeaway line: Also contributing to the slowdown: a larger decrease in federal government spending and downturns in housing investment and in state and local government spending. Federal spending decreased only in the tens of...

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President Pushes another $302 Billion Shovel Ready Stimulus

Feb 26, 14 President Pushes another $302 Billion Shovel Ready Stimulus

Posted by in Economics, Featured

One might almost think it was 2009 again. If you remember, before my blog’s database blew up and I lost two years of posts, I covered Obama’s Recovery Act (The Stimulus) in depth.  Furthermore, if you remember, just as Obama promised that you could keep your insurance if you liked it, he said the Stimulus would build...

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When Does a Recovery Become a Failure?

Feb 02, 14 When Does a Recovery Become a Failure?

Posted by in Economics, Featured

The Marxist inspired policies of President Obama and the Communist Party of America (formerly the Democratic Party) have failed to return employment levels to those of the often blamed Bush. A local baseball star once said, “They keep saying this kid has potential.  At some point he needs more than potential, he needs to get...

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Budget Deficit for August is $147 Billion

Sep 14, 13 Budget Deficit for August is $147 Billion

Posted by in Budget, Economics, Featured

Even though this will be the first year that our budget deficit under President Obama has been below the trillion dollar mark, there is really nothing to celebrate if one is intellectually honest and fair. Remember the how breathless the Democrats and the press were when G.W. Bush’s deficit reached $400 billion in his last...

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Obama Presides Over Economy that Shrinks in 4th Quarter

Jan 30, 13 Obama Presides Over Economy that Shrinks in 4th Quarter

Posted by in Economics, Featured

Honestly, who would have thought that the policies of a man inspired by Marx rather than Adam Smith would have the economy shrink by .1% during the Christmas season? From the Commerce Department: Real gross domestic product — the output of goods and services produced by labor and property located in the United States —...

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My Advice to Republicans

Dec 19, 12 My Advice to Republicans

Posted by in Economics, Featured

After today’s news conference which starred the most arrogant man alive, the Republicans should give Obama the proverbial finger and head home. It is this simple.  The President did get elected and has the mandate that all newly elected presidents have.  So give him a tax increase on the wealthy.  Don’t give him the...

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