economic

A Federal Government Imposed Recession

A Federal Government Imposed Recession

By Doc Vega The United States had an opportunity to turn around an ailing economy and fix a disastrous foreign policy, but after the re-election of President Obama all bets are off. This rigid ideologue is committed to forcing America to the whim of his world view. Since 2009 and the election of President Barack Obama America had been under an ideological assault that pit’s the traditional heritage of American […]

Less than a “Deal”

Less than a “Deal”

Three days ago as 2013 raced up upon us, the infamous ‘Fiscal Cliff’ was brought to a halt by the passing of a less than evenly negotiated deal. After all, Obama and Senate Democrats barely budged on their tax increases for households making more than 250,000 dollars and failed to cut the deficit as Obama promised the American people. The fact is is that this deal is so tangled in […]

Why Organize? Problems and Promise in the Inner City by Barack Obama

Why Organize? Problems and Promise in the Inner City by Barack Obama

WHY ORGANIZE? Problems and promise in the inner city by Barack Obama Over the past five years, I’ve often had a difficult time explaining my profession to folks. Typical is a remark a public school administrative aide made to me one bleak January morning, while I waited to deliver some flyers to a group of confused and angry parents who had discovered the presence of asbestos in their school. “Listen, […]

White House Statement on May Unemployment

White House Statement on May Unemployment

Statement on the Employment Situation in May    WASHINGTON, DC – Alan B. Krueger, Chairman of the Council of Economic Advisers, issued the following statement today on the employment situation in May. You can view the statement HERE.     The Employment Situation in May Posted by Alan B. Krueger on June 1, 2012 at 9:34AM EDT   Problems in the job market were long in the making and will not be solved […]

Bad news for Obama – The Cook Report

Bad news for Obama – The Cook Report

By Charlie Cook Regular readers of this column know that in analyzing the 2012 presidential race, I have been preoccupied—some would say obsessed—with the state and direction of the U.S. economy. Presidential elections have many moving parts and can turn on many things, but rarely is a single factor more important than the economy when an incumbent is up for reelection. The latest NBC News/Wall Street Journal poll, conducted among […]

If the United States were a stock, America, Inc would have a 44 Trillion Negative Net Worth

If the United States were a stock, America, Inc would have a 44 Trillion Negative Net Worth

Mary Meeker has created quite a buzz with her cover story this week in Bloomberg Businessweek.  It is based on her analysis of the U.S. as if it were a corporation.  Her assessment? The bottom line on USA Inc.? Cash flow and net worth are negative, profits are rare, and off-balance-sheet liabilities are enormous. The “company” has underinvested in productive capital, education, and technology–the very tools needed to compete in […]

Government sees Healthcare benefits swamping economy

Government sees Healthcare benefits swamping economy

Government sees Healthcare benefits swamping economy The United States will find little relief from its bleak long-term fiscal outlook so long as growing federal healthcare and retirement programs gobble up more and more of the country’s resources, said a new economic report issued on Wednesday. The findings by the non-partisan Congressional Budget Office came as the Obama administration and Congress were struggling to find ways to make ends meet amid […]

Japan Quake / tsunami will cost $235 billion or a third of Obama stimulus disaster

Japan Quake / tsunami will cost $235 billion or a third of Obama stimulus disaster

On top of the estimated 10,000 lives that will be lost because of Japan’s devastating earthquake and tsunami, as well as the deepening nuclear crisis, the country will see heavy economic losses. Economists estimate that the direct economic hit will total between 10 to 16 trillion yen ($125 billion to $200 billion), with prolonged power shortages possibly preventing the “V shaped” economic recovery that followed the 1995 Kobe earthquake. “The […]

Obamanomics Is Rejected on World Stage

Obamanomics Is Rejected on World Stage

And as officials frenetically tried to paper over differences among the Group of 20 members with a vaguely worded communiqué to be issued Friday, there was no way to avoid discussion of the fundamental differences of economic strategy. After five largely harmonious meetings in the past two years to deal with the most severe downturn since the Depression, major disputes broke out between Washington and China, Britain, Germany and Brazil. […]

NO KIDDING: Feds Spent $800,000 Stimulus on Genital-Washing

NO KIDDING: Feds Spent $800,000 Stimulus on Genital-Washing

The National Institute of Mental Health (NIMH), a division of the National Institutes of Health (NIH), spent $823,200 of economic stimulus funds in 2009 on a study by a UCLA research team to teach uncircumcised African men how to wash their genitals after having sex. The genitalia-washing program is part of a larger $12-million UCLA study examining how to better encourage Africans to undergo voluntary HIV testing and counseling – […]