Well, the Democratic Convention began with a Jimmy Carter endorsement of Obama and ended with a Jimmy Carter jobs report. Here is some Obama magic for you. The unemployment rate ticked down to 8.1%; the broader U6 rate ticked down to 14.7% from 15%. Yet there is not a shred of good news in this report. How so? Jobs created: The net increase in nonfarm | Read More »
Several of the statements made in Vice Presidential nominee Paul Ryan’s RNC address Wednesday night have triggered strong reactions from the Obama campaign and its surrogates throughout the media. One of the biggest points of contention is Ryan’s anecdote about a GM plant in his hometown of Jaynestown Janesville, Wisconsin, which closed just months after being visited by then-candidate Barack Obama.
Obama campaign manager Jim Messina responded to the story by accusing Ryan of “dishonestly attack[ing] Barack Obama for the closing of a GM plant in his hometown of Janesville, Wisconsin — a plant that closed in December 2008 under George W. Bush,” while some journalists and media “fact-checkers” have written their own context into Ryan’s remarks in order to claim them false.
Let’s look at exactly what Obama said, what Ryan said, and then at what happened.
Read More »Amidst Obama’s inexorable war on American energy, consumers, jobs, and prosperity, his EPA is in the process of promulgating 4 new pollution rules that will bury the coal industry and “necessarily” raise the price of electricity on American households. They are the Cross-State Air Pollution Rule, the Mercury and Air Toxics Standards for Utilities (MACT), the Cooling Water Intake Structures regulation, and the Disposal of | Read More »
In the coming days, we will invariably be subjected to a barrage of lies about the “extreme” Ryan budget. As such, it’s worthwhile to reexamine the latest version of his budget, and view it in its proper context. Here are some talking points for Soledad O’Brien the next time she wants to grill a Democrat on the Ryan budget: The budget won’t balance until 2040, | Read More »
By Clark Barrow July 31, 2012 A looming tax increase or the threat of higher unemployment usually receives a lot of attention in Washington, D.C. Many politicians can’t wait to lead a charge to avoid any hardship on the American families. But there is eerie silence on another front that is fast approaching our country: a tidal wave of costly federal regulations. According to an | Read More »
Years ago, our own Dan McLaughlin defined ”swiftboating” as “Accurately quoting a Democratic politician’s own words.” By that definition, President Obama is being swiftboated up a creek without a paddle right now, as constant repetition of his own words has the campaigner-in-chief and every attack dog he can muster working day and night to “clarify” his remarks on small business. For review, here’s the president’s direct | Read More »
[Dan Bongino is running for US Senator from Maryland. Promoted from the diaries by streiff.] I awoke this morning at 5am to the sound of my six month old daughter Amelia crying. When I entered her dark room I saw my wife, struggling to stay awake, holding Amelia in one arm as she was attempting to work on her barely lit computer screen with her | Read More »
Friday I spoke with WBYZ 94.5 Radio’s Wild Bill McKubby about my recent article, “Romney extends lead among Independents to 14 percent.” During the interview we blow up mainstream media’s meme that the presidential race tied. We also take Obama to task for his $trillion deficits, his 50% increase in the national debt and his incessant Pinocchio campaign falsehoods. You can listen to the interview | Read More »
The June jobs report from the BLS is out this morning, and the findings are not pretty. The headline number of the establishment survey is that only 80,000 net jobs were created last month, about 100k under the requisite amount to accommodate the population increase. The working-age population grew by 189k in June, according to the household survey. As such, there are now 29 thousand | Read More »
(Via Hot Air) Michael Tomasky, now that he is finished swallowing his gum from watching the Lightworker flail about like… someone who went from undistinguished state Senator to President of the United States in four short years, all the while learning not a darn thing… would like to offer the President a counter-narrative. The story, in a nutshell, is this: we inherited a total disaster, | Read More »
It has been one stumble after another since President Obama officially launched, some would say restarted, his reelection campaign three weeks ago. With the Dems’ Bain mutiny making a shambles of the what was going to be Obama’s main attack on Romney, this may have been Obama’s worst week ever. The RNC produced the following video that makes that point:
Background: Because Mitt Romney worked for Bain Capital, and one of Bain’s acquisitions went out of business 10 years after Bain took over, Obama says Romney is a vampire. The only vampire I see is the one in charge, spending our money, while thousands of people remain out of work. Read more Here.
The headline number from the BLS’s Establishment Survey was an addition of 115,000 jobs for the month of April. That is a terrible number for this far into the recovery, as it fails to keep up with population growth. At this time in the Reagan recovery, the economy added a population-adjusted 480,000 jobs. So why did the unemployment rate (U3 number) drop another 0.1% to | Read More »
Senator Ron Johnson (R-WI) asked Ben Bernanke at the recent Senate Budget Committee if the lack of Presidential leadership was hurting the US economy. He asked, “I’m afraid President Obama has just been phoning it in here the last couple years in terms of our debt and deficit issue. … Can you speak to how harmful that is in terms of economic growth?” Now Bernanke | Read More »
Over at the American Enterprise Institute, James Pethokoukis modeled the economy and the effect of the economy on the 2012 elections. He calculated what unemployment would look like under 28 different scenarios, varying both job and labor force growth rates to cover the range of possibilities, ad the results look bad if there’s any sort of return to the previous trend, should job growth rates | Read More »
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