One of the reasons the unemployment rate isn’t in the double digits is the fact that so many Americans have dropped out of the labor force. In President Obama’s first term, that number has increased by a shocking 8.3 million…
$15,222,940,045,451.09 is quite a number. That’s the official US national debt as 2011 came to a close. It’s not as bad as the trillions in under-funded public employee pension obligations, but it’s still bad. President Obama certainly is historic. Tyler…
President Obama is making history and breaking records yet again! According to The Wall Street Journal, his visits to swing states have surpassed all other presidents. Of course, we the taxpayers are picking up the tab for all of these…
It’s a good thing for President Obama that some old allegations of harassment against Herman Cain surfaced over the weekend. Otherwise I’m sure the media would be hammering him on the evening news over the verifiable story of the historic…
Chances are, you’re one of the millions of Americans who are not better off than they were three years ago. According to CNBC, Americans’ standard of living has fallen more in the past three years than at any time since…
President Obama has made history again. He’s recorded the fastest rise in national debt ever, under any president, in the history of this republic. The debt has risen a whopping $4 trillion since he took office, and he wants to…
I can’t put into words that are fit to print my anger at the current administration. After his allies in Congress ratcheted up spending to unprecedented levels, he refused to discuss any real spending reductions. So what happened? He got…
President Obama has been a complete disaster when it comes to the economy. Just look at this chart depicting unemployment rates in all post World War II recessions. This is by far the worst. He can blame Bush all he…
Friday night President Obama came out to tout the biggest budget cuts of all time. He failed to mention that he presided over the biggest spending increases of all time. Oh and he also stretched the truth about the historic…
Calculated Risk’s latest jobs chart is just scary. (Click the image to enlarge.) The red line shows the job losses in the current recession. Historically, there should have been a jobs recovery by now. When I saw this chart this…
I wish there was some good economic news to report. But Barack Obama is our president and Democrats control both Houses of Congress, so I guess the good news will have to wait. Sorry. Bloomberg is expecting that US auto…
Watching the coverage of Wall Street today was like watching a roller coaster. It almost made me dizzy. Bloomberg: U.S. stocks tumbled the most in a year on concern that Europe’s debt crisis will halt the global recovery. The selloff…
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