First Quarter GDP Revised to Show Economy Shrunk by 2.9%

Jun 26, 14 First Quarter GDP Revised to Show Economy Shrunk by 2.9%

Posted by in Economics, Featured

From the Commerce Department, we get to see the effects of American Marxism on our economy.  The mix of incompetence, soft totalitarianism, aggressive bureaucracies, environmental war on success, and a general disdain for capitalism can be seen in all its glory in the new 1st quarter GDP numbers. Here’s the rundown from the...

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Federal Deficit for May

Jun 25, 14 Federal Deficit for May

Posted by in Economics, Featured

As a nation, we are still running massive deficits.  In May, the federal government overspent by $129 billion. In Keynesian economics, a $436 billion dollar deficit for the first 8 months of the fiscal year would be known as a stimulus. Yet, all this spending, does little to nothing for those of us not on the...

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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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