Category Archives: Economy

Washington Post Attempts To Dispell 5 Myths About Stimulus

The Washington Post’s Michael Grunwald is spinning hard within the opinion section to tell us that Obama’s outsourced Stimulus program, which wasted $787 billion dollars for no real gain, and will certainly top a trillion dollars with the interest, was super awesome! These are the supposed myths 1. The stimulus didn’t create jobs. A year […]

Hiring Stepped Up A Bit In July, But Unemployment Rate “Unexpectedly” Goes Up

Hey, remember these fun Obama quotes? The private sector is doing fine You didn’t build that We tried our plan and it worked! Really? (CNN) Businesses stepped up their hiring in July, but the unemployment rate ticked higher anyway. Employers said they added 163,000 jobs in the month, according to a Labor Department report released […]

Heh! Obama Says He’ll Get The Economy “Going Full Guns”

At a $40,000 a head fundraiser Monday night (weird how the Occupiers weren’t outside protesting) Obama said (Politico) “I’m confident that we are running a good campaign” and will continue to do so, but Democrats are “being outspent substantially,” he told 60 donors, who gave $40,000 each. Though Obama said he doesn’t anticipate being able […]

Hooray! GDP Up 1.5%

The numbers for the 2nd quarter GDP are out, and some are celebrating, since some expected 1.3% (some expected 1.5%, though), and got 1.5%. Um, a clue for those celebrating: 1.5% sucks. (Bloomberg) The U.S. economy expanded at a slower pace in the second quarter as a softening job market prompted Americans to curb spending. […]

Business Owners Not Big Fans Of Obama

Is it any wonder? Obama trots out his “you didn’t build that” quote and has been trying to saddle them with higher taxes, as well as being largely dismissive of the private sector economy (via The Lonely Conservative and Hot Air) (Gallup) U.S. business owners’ approval of President Barack Obama fell in the second quarter […]

Thin Skinned President Whines About Having His “Vision Distorted”

Someone needs to put on their big boy and big girl pants, because, actually, we know what Obama’s vision is. We’ve been forced to live with it for 3 7/12’s years (The Hill) President Obama slammed his opponent Mitt Romney on Monday night, accusing the presumptive GOP nominee of trying to “distort my vision.” The […]

Hill Poll: Most Find Obama To Blame For Crummy Economy

The Blame Bush rhetoric has gotten old and stale (The Hill) Two-thirds of likely voters say the weak economy is Washington’s fault, and more blame President Obama than anybody else, according to a new poll for The Hill. It found that 66 percent believe paltry job growth and slow economic recovery is the result of […]

Obama’s Got A Lot On His Plate, Too Much To Meet With Jobs Council

Laughtastic copy from Wonderkid Jay Carney (RCP) REPORTER: On the Jobs Council, obviously they’ve reported to haven’t met formally or publicly for six months. Why is exactly is that? CARNEY: Look, the president solicits and receives input and advice from members of his Jobs Council and others about economic initiatives all the time. And I […]

D.C. Cabbies Upset Over New Regulations Which Raise Costs

Who would have thought that increased regulations and business burdens could cause costs to rise? Weird, huh? (Washington Post) Some D.C. taxis, passengers complain, are old, rickety, hot and smelly; the cabbies don’t take credit cards; they’re illegally choosy about whom they pick up, and they pay more attention to their phone calls than to […]

Obama Discusses Vision For Second Term: A Lot Of Spending

No one should be particularly shocked. It’s all he knows, especially since it’s not his money (via Erika Johnsen from Townhall) Of course, he uses the word “invest” as a euphemism for spending boodles of Someone Else’s cash. Money we don’t have. On projects that have so far failed. He wants “investments” in more failed […]

Pirate's Cove