Obama’s Economic Stupidity

    Barack Obama and Joe “Smiley” Biden need to take a rudimentary course in economics. Sarcastic laughs and Big Bird moments aside, both seem to have a strong misunderstanding of basic economic metrics through either ignorance, or stupidity. Take, for example, a statement by Obama that should be hammered over and over by the Romney campaign: “The private sector is doing just fine.” One need only | Read More »

    Obama’s BLS gobbledygook, cooked jobs book trifecta and Columbus

    Would the Bureau of Labor Statistics have considered the 40-man crew of Columbus’s shipwrecked Santa Maria (pictured) stranded on Hispaniola, as having dropped out of the work force altogether, or to have accepted part-time jobs? Millions of self-”employed” Americans whose phones stopped ringing after Noon on Thursdays since the 2008 bursting of the housing bubble and the millions that have of late eschewed filing job application | Read More »

    Why Today’s BLS Jobs Numbers Make No Sense

    Why Today's BLS Jobs Numbers Make No Sense

    Every month, we try to break down the monthly employment report from the BLS and analyze it in plain English.  Today’s report of September employment is so bizarre that it’s hard to comprehend, much less give over. The BLS puts out two surveys:  1)the establishment survey, which shows the growth in non-farm payroll jobs (as well as a breakdown by specific industry), surveys businesses and | Read More »

    The Unemployment Rate

    The Unemployment Rate

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    Actually, ‘Made in the USA’ is *four* words, Mr. President.

    Also: what’s with the hunchback?

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    BLS: Workers Fleeing Obama’s Economy

    BLS: Workers Fleeing Obama's Economy

    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 »

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    August Numbers Are All About Decline

    Unemployment fell .2% because so many Americans declined to continue looking for work. Is that hope for those 368,000 last month? June and July jobs numbers declined. They were revised to show 41,000 fewer jobs created. According to Reuters, much of the original inflation was seen in the auto industry, which kept plants open for operation when they would typically close for retooling. Manufacturing payrolls | Read More »

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    Labor not in Camel-Not

    Less government union Labor per Day, please The original meanings of many American national holidays, including tomorrow’s The holiday celebrating labor was originally celebrated on a Tuesday, but with its and other holiday’s removal to Mondays, the celebration of leisure, and especially the three-day weekend variety for federal employees, now rules the day. Most Americans will be thankful that President Barack Obama and his fellow | Read More »

    Huffington Post Expo, “What Is Working”

    Yesterday afternoon the Huffington Post hosted a nonpartisan panel and lunch to discuss the issue of jobs and the best ways to create more opportunities for the more than 20 million people who are currently unemployed or underemployed.  The event titled, “What Is Working,” included panelists such as Ohio Governor John Kasich, conservative political commentator Laura Ingraham, Judith Rodin from The Rockefeller Foundation, and Tom | Read More »

    DC Circuit Tosses Out EPA’s Pollution Rule

    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 »

    DC Circuit Tosses Out EPA’s Pollution Rule

    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 »

    What One Economic Index Tells Us About This Year’s Election

    When looking at economic data as predictors of Presidential election outcomes, most of us tend to focus on items like inflation, unemployment rates, the “misery index,” job creation figures, or GDP growth. All of these are important items, but none really are great predictors in and of themselves. For example, there is the fact that no sitting President has won an election with unemployment above | Read More »

    Who Are the Job Creators?

    Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss who the economy’s job creators really are, what raising taxes on the rich would actually mean for our bottom line, and why tax policy should favor small businesses. We’re brought to you as always by Stephen Clouse and Associates. | Read More »

    Who Are the Job Creators?

    Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss who the economy’s job creators really are, what raising taxes on the rich would actually mean for our bottom line, and why tax policy should favor small businesses. We’re brought to you as always by Stephen Clouse and Associates. | Read More »

    Economic Data to Predict the Election

    When looking at most of the literature regarding the effect of economic data on presidential election outcomes, most pundits point to the big three: GDP, unemployment, and gas prices. GDP is a general gauge of the overall health of the economy, unemployment and gas prices are obvious. However, several economists have found higher correlations regarding economic data like the ISM Manufacturing Index and electoral outcomes. | Read More »