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    Obamanomics: GDP Contracts 0.1% in Q4 2012, Double-Dip Recession Looms Closer

    GDP Contracts 0.1% in Q4 2012 The U.S. Bureau of Economic Analysis reported today their advance estimate that the U.S. economy contracted at a compounded annual rate of -0.1% in the fourth quarter of 2012. A few months ago, The Washington Dispatch began tracking the progress of the current recovery against the 1980s recovery. Since the second quarter of 2009 (the last quarter of GDP contraction), real GDP growth | Read More »

    FORWARD: U3 Unemployment Rate 7.8% in December as Employment–Population Ratio Declines Again

    U3 Unemployment Rate 7.8% in December as Employment–Population Ratio Declines Again A Bureau of Labor Statistics report released today shows that the U.S. U3 Unemployment Rate was 7.8% for December. The Labor Force Participation rate matched its lowest total since the last recession of 63.6%. The Washington Dispatch began tracking the current employment recovery against that following the 1980s recession with the release of January 2012 unemployment and labor | Read More »

    FORWARD: Another Month, Another New Food Stamps Record

    New Record for Food Stamp Usage:  Over 47.7 Million Americans According to new data released by the U.S. Department of Agriculture, Participation in the SNAP program reached a new all-time high of 47,710,324 individuals in September, on the strength of the largest monthly increase in 16 months–over 600,000 new participants in a single month. The number of participating households also hit a new high of more | Read More »

    New Normal : Labor Force Participation Falls AGAIN, U3 Unemployment 7.7% in November

    U3 Unemployment Rate Falls to 7.7% in November as Labor Force Participation Declines Again A Bureau of Labor Statistics report released today shows that the U.S. U3 Unemployment Rate fell by 0.2% in November. The Labor Force Participation rate also fell by 0.2%, to 63.6%. The Washington Dispatch began tracking the current employment recovery against that following the 1980s recession with the release of January 2012 unemployment and labor | Read More »

    Willful Ignorance: Democrats’ “Fiscal Cliff” Negotiation Stance Ignores Reality

    Willful Ignorance:  Democrats’ “Fiscal Cliff” Negotiation Stance Ignores Reality With the 2012 election in the rear-view mirror, the Obama administration and members of Congress have now turned their attention to the so-called “fiscal cliff.” The Democrats’ opening salvo?  Once again calling for tax increases, specifically $1.6 Trillion in new taxes over the coming decade generated by hiking rates on households with income in excess of $250,000. This | Read More »

    New Record for Food Stamp Usage: Over 47 Million Americans

    New Record for Food Stamp Usage:  Over 47 Million Americans According to new data released by the U.S. Department of Agriculture, Participation in the SNAP program reached a new all-time high of 47,102,780 individuals in August, on the strength of the largest monthly increase in one year. The number of participating households also hit a new high of 22.7 Million.  The average benefit per person was | Read More »

    Failure: The Obama Economic Record

    Failure:  The Obama Economic Record With only 5 days to go until the 2012 election, an election that by all accounts will find voters basing their choices heavily on economic factors, it’s time to reflect upon and examine the Obama economic record. UNEMPLOYMENT Obama administration policies over the past 4 years have not only coincided with no improvement in employment, in reality the employment situation | Read More »

    Romney Leads by 11% among Independents, by 1.7% nationally. 5% Undecided.

    Washington Dispatch Poll of Polls for October 29, 2012:  Romney Maintains Slim Lead Mitt Romney (48.4%) leads Barack Obama (46.7%) by 1.7% nationally heading into the final week of campaigning. Less than 5% of the electorate remains undecided, with self-described independent voters making up the majority of undecided voters.  Mr. Romney holds an 11% lead among self-described independent voters, with 10% of independents still undecided | Read More »

    GDP Grows 2% in Q3 2012, Spurred by Massive Government Spending Binge

    GDP Grows 2% in Q3 2012, Spurred by Massive Government Spending Binge The U.S. Bureau of Economic Analysis reported today their advance estimate that the U.S. economy grew at a compounded annual rate of 2% in the third quarter of 2012. The primary driver of improved growth over Q2 (1.25%) was a massive spike in government consumption, the largest in three years and accounting for over one-third | Read More »

    Higher Levels of Taxation Do NOT Positively Correlate with Economic Growth

    Taxation vs. Economic Growth:  Weak Negative Correlation Today’s Fun Fact:  Since 1947, Overall levels of taxation in the U.S. have shown a weak negative correlation with economic growth: Data-Set Links: Federal Reciepts Gross Domestic Product ______________________________ The Washington Dispatch Facebook Page Twitter Account RedState Diary