Category Archives: Economy

Oh, Noes, GOP Has Not Backup Debt Plan As Issue Turns “Scary”

It’s so terrible There’s a narrative gaining traction in Washington as a debt crisis looms: House Republican hard-liners might soften their stance once they’ve gotten a vote on their Cut, Cap and Balance proposal. But if that’s the case, the conservatives aren’t in on the plan. Well, that’s pretty much it for a story by […]

GOP Shifts To The Hard Right On Debt Talks (?)

So says the Politico in a wonder article that could have been written by the DNC or the uber politicized White Democrat House Turning right with a vengeance, Republicans will bring to the House floor Tuesday a newly revised debt-ceiling bill that is remarkable for its total absence of compromise at this late date, two […]

NY Times: This Prolonged Recession Is The Fault Of You Consumers

Because, darnitall, you silly consumers just won’t spend yourselves into massive debt in the manner (NMP) Obama has THERE is no shortage of explanations for the economy’s maddening inability to leave behind the Great Recession and start adding large numbers of jobs: The deficit is too big. The stimulus was flawed. China is overtaking us. […]

GOP Has Had Enough Of Obama, Will Attempt To Pass Cut, Cap, And Balance

I’m not a big fan of a balanced budget amendment, it would be better to just stop spending so damned much, rather than peg spending to no more than 18% of GDP. You know government will always attempt to hit that 18%, rather than be frugal with the money they take at the barrel of […]

Did You Ever Think We Would Envy China’s Economy?

Because their economy is going so great that they are now trying to put the brakes on their overheated economy Reporting from Beijing— While the Obama administration struggles to jump-start the stalled U.S. recovery, policymakers in Beijing have an opposite but equally formidable task: putting the brakes on China’s speeding economy without triggering a slump. […]

Obama: Proof That Stimulus Worked Is All The Job Losses Now

CNS News catches something interesting from The Petulant President’s presser on Monday Three days after the U.S. Department of Labor reported that the national unemployment rate had ticked up from 9.1 percent in May to 9.2 percent in June, President Barack Obama said that the loss of jobs in the public sector is “evidence” that […]

Small Businesses Aren’t Hiring, New Chamber Survey Says

Man, if only we could build some high speed rail, tackle patent reform, and do away with tax cuts for private jets, everything would be OK The U.S. labor market could stay sluggish for a while, with small-business executives reluctant to hire amid the murky economic outlook. Almost two-thirds—64%—of small-business executives surveyed said they weren’t […]

NY Times Thinks Economy Runs Thanks To Government

I’m not quite sure which is more delusional and clueless: Team Obama or the NY Times (anonymous) editorial board: The Worst Time To Slow The Economy It was not surprising to hear the Republican presidential candidates repeat their tiresome claim that excessive government spending and borrowing were behind Friday’s terrible unemployment report. It was depressing […]

Obama’s Solution To Joblessness: High Speed Rail

That, and other small ball measures, as the LA Times points out. Just the kinds of ideas one would expect from a (not my) president with virtually no experience in the private sector As White House aides search for ways to show progress on the economy, they are banking that a set of small-scale proposals […]

Obama Reduced To Playing AA Ball

For those who aren’t familiar with minor league baseball, double A baseball is two steps below playing in the majors. Sometimes, a player will jump up and play in the majors, but, will usually be dropped back to AA for more development. And, as the Politico points out, Obama is basically playing small ball, terming […]

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