Category Archives: Economy

Hooray! Obama To Focus On Jobs During SOTU 2013

In case you’re wondering, this is a repeat of the 2009, 2010, 2011, and 2012 SOTUs, not too mention every once in awhile during his kingship and during the campaign now and then, where he “pivots” with a “laser like focus” till squirrel!!! (UPI) U.S. President Barack Obama told House Democrats Thursday his State of […]

Where’s The Obama Recovery?

The Washington Post’s Jennifer Rubin argues it never arrived The economy may or may not wind up in a technical recession (two quarters of negative growth), but in fact the Obama economy never really made a recovery. Its endemic low growth and high unemployment now define the U.S. economy — unless we chart another course. […]

Portman: Obama Misses The Point On Debt Ceiling

During yesterday’s Obama PC, he stated that he was a “pretty friendly guy“, which got a lot of laughs from the lapdog media, which had asked if he was “too insular”. Of course, that seems to apply only to partying, playing golf, and vacations, but, not to people in both his own Party and towards […]

Obama: “I Will Not Negotiate Over Debt Ceiling”

Der Fuhrer has spoken (Slate) In a brief address Tuesday night, President Obama saluted the passage of a fiscal cliff deal that the White House had negotiated with the Senate. Then he fired a warning shot at Congressional Republicans, saying he won’t tolerate another down-to-the-wire battle over the debt ceiling this spring. “I will not […]

David Brooks: This Fiscal Cliff Deal Is Rather A Crapburger, Eh?

The NY Times’ resident “conservative” (who resembles a conservative about as much as Nancy Pelosi) offers up a nice summary of the fiscal cliff deal. Another Fiscal Flop After first expounding that the public debt as a percentage of gross domestic product went from around 38 percent in 1965 to 74% now, that it could […]

AP: Obama Offers Same Craptastic Fiscal Cliff Deal

If you run around the news sites, you’ll see lots of stories of “optimism” regarding a fiscal cliff deal, which kinda is belied by the long faces (and Nancy Pelosi being unable to find her car) post meeting. Ah, but a barely publicized story comes from the AP via WRAL A person familiar with the […]

Holiday Sales Stink, Guess Whose Policies Aren’t To Blame

The AP/Politico just can’t find it in themselves to put any blame on the policies of Obama and Democrats (Politico) U.S. holiday retail sales this year grew at the weakest pace since 2008, when the nation was in a deep recession. In 2012, the shopping season was disrupted by bad weather and consumers’ rising uncertainty […]

GAO: Federal Government On Unsustainable Long-Term Fiscal Path

One of the big Memeorandum pulls is a report from Board of Governors of the Federal Reserve System, which has made Leftist supporters of (NMP) Obama’s policies ecstatic Information received since the Federal Open Market Committee met in October suggests that economic activity and employment have continued to expand at a moderate pace in recent […]

Central Government Borrows 46 Cents For Every Dollar Spent In Fiscal 2013

Doug Ross calls this a “grim milestone“, and he’s right (Washington Times) The federal government borrowed 46 cents of every dollar it has spent so far in fiscal 2013, which began Oct. 1, according to the latest data the Congressional Budget Office released Friday. The government notched a $172 billion deficit in November, and is […]

Surprise! Team Obama Doesn’t Want Senate Voting On Obama Fiscal Cliff “Plan”

First we had Harry Reid, Democrat Majority Leader in the US Senate, refusing to allow any vote on Obama’s fiscal cliff tax ‘n spend plan, calling it a “stunt”. Following that we get (National Journal) The White House on Thursday dismissed as political mischief Senate Minority Leader Mitch McConnell’s offer to bring President Obama’s fiscal […]

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