Some depressing benchmarks on the country’s economic status.
There are two very simple questions that need to be asked over the next eighteen months. The first is, Are you better off than you were four years ago? If the answer is “Yes,” the second question is even more blunt: Really? How are you managing that? March ’07 March ’11 Unemployment Rate 4.40% 8.80% Gas price (per gallon) $2.56 $3.60 National Debt 8.84 trillion | Read More »
The Party is Over
“I am sorry that I’m the guy that has to be here at the time when the party’s over.” That’s a quote from Governor Chris Christie in response to a state employed police officer who was angry at potentially losing future raises as well as being asked to contribute more to his health benefits in order to close huge budget deficits in New Jersey. The | Read More »
Jeffrey Immelt and Conflict of Interests
When the stimulus passed just two short years ago, a lot of special interests piled on to try and grab some of the dough that was being doled out. General Electric was part of that group. From American Spectator: On February 17th of that year, Obama had signed the stimulus bill, which included $24.9 million in grants that would flow directly to GE, with roughly $20 billion | Read More »
Greg Mankiw advises the Obama living in his head.
I feel sorry for Greg Mankiw: I really do. Here he is, living a life that allows him to place articles in the New York Times – which is not a bad place to be – and he publicly mucks it up by publishing a piece that crashes and burns on the first word of the title. The title is “How to Break Bread With | Read More »
Obama retreats on tax hike.
It looked that way earlier in the day, and it’s now confirmed. The ‘deal’ will be that the White House ‘delays’ raising taxes for two more years in ‘exchange’ for getting a thirteen-month extension on unemployment benefits*. That last is problematical, but given the Democrats’ moral weakness thus far the GOP might still be able to keep pushing a little and get offsets in federal | Read More »
The Democrat’s “middle class tax cut” is a populist red herring
From the diaries, by Erick I want to make my priorities clear from the start. One: middle class families need permanent tax relief. And two: I believe we can’t afford to borrow and spend another $700 billion on permanent tax cuts for millionaires and billionaires. That is a line from President Obama’s weekly radio address last week. He’s referring to the coming tax hikes as | Read More »
Looming Obama Tax Increases Will Hit Working Americans Right Where it Hurts Most
Talking of “Bush tax cuts” at this point, as so many seem to do when discussing the change in tax policy set to go into force this coming New Years Day, is beyond absurd. What’s coming on Jan. 1, 2011 is the Obama Tax Increase — no less than the largest tax increase in our history, courtesy of a president who, last Tax Day, declared | Read More »
Coffee and Markets: Obama’s Economy is Up for a Vote
Download Podcast | iTunes | Podcast Feed Note to Redstate readers: starting next week, we’ll be posting our popular Coffee and Markets podcast here on a daily basis for your enjoyment and edification. We hope you’ll listen and enjoy. In today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the the latest Wall Street numbers, China’s | Read More »
Choosing job creation (translation: vote Republican).
I have two observations on this passage by Walter Russell Mead highlighting the long-term problem that the Democrats are facing right now with regard to fiscal policy: …the only real economic policy today that has any chance of working in the United States today is to promote the emergence of small business. Many of those businesses will fail; some will become thriving though never large | Read More »
True unemployment breaks 17% again – Obama’s jobless recovery continues
The government unemployment report that the economy lost another 95,000 jobs and that the unemployment rate remained stuck at 9.6 percent in September is a disaster for the Obama/Democrats. The government’s broader measure of unemployment, sometimes referred to “true unemploytment,” now stands at 17.1 percent. As the Washington Post’s Frank Ahrens puts it, you are not included in the “official” unemployment rate if, a) you | Read More »
Winning in ’10 Means Utilizing the Power of 10
Recovery Begins on Election Day 2010. There is a rising political tide in the United States, a wave that could usher in the biggest realignment of the U.S. Congress in decades. But in order for the American people to defeat the job killers, voters must show up at the polls on November 2nd, and they have to show up big time.
The Jobs Numbers
The jobs numbers don’t paint a good picture over all. Unemployment went back up slightly. The number Mr. Obama will want us to pay attention to is private sector job growth. According to the government, private sector jobs went up and the growth of unemployment is attributed to those census workers leaving their jobs. In fact, I’m already getting emails from Democrats saying I’m being | Read More »
Intel CEO Otellini: The Democrats Are Destroying our Economy
This is a stunning indictment from the leader of one of America’s most successful technology companies: Unless government policies are altered, he predicted, “the next big thing will not be invented here. Jobs will not be created here.” The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be “an inevitable erosion and shift of wealth, much like | Read More »