Obama Scrooges Christmas
Re-elect Obama, the tax-hiking enemy of a free-market economy — hey, that’s got to be great for the holiday retail season, right? Confidence among U.S. consumers dipped to its lowest point in December since July amid rising economic worries, according to a monthly index released Friday. Marshal Cohen, chief research analyst at NPD Inc., a market research […]
VIDEO: ‘Miracle on Wall Street’
Yes, Corporate America, there is a Santa Claus! His name is Barack Obama and, as CronyChronicles.org explains, he’s stuffing the stockings of his fat-cat friends with your tax dollars: Nothing says “Christmas” quite like government bailouts: In 2012, the U.S. federal government gave $300 billion in benefits to businesses and special interest groups. . . […]
Good News! Work Force Still Shrinking
Ed Morrissey at Hot Air describes the November jobs report: The economy added 146,000 jobs, better than expected if still a status quo result, and the jobless rate declined to 7.7%. . . . However, the seasonally-adjusted labor force dropped by 350,000, and the civilian labor force participation rate also dropped two-tenths of a point […]
Unexpectedly: Unemployment Increases!
Can we endure four more years of this? U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October’s rate. Ed Morrissey comments: The economy is shedding jobs at roughly the […]
Panic in the Hamptons: Tax-Hike Talk Inspires ‘Fire Sale’ on Mansions
Static calculation meets dynamic reaction: Hamptons homeowners have launched a selling spree, offering fire sale prices to get rid of their properties before higher capital gains tax rates are expected to kick in Jan. 1. Top brokers expect more than 30 closings on big-ticket properties priced from $1 million to $25 million. “There is a […]
Great: Voters Legalize Marijuana, Unions Put Munchies-Maker Out of Business
Some stoner in Colorado just put down the bong, looked at the TV and said, “Dude. No more Twinkies or Ho-Ho’s? Bummer.” Hostess, the makers of Twinkies, Ding Dongs and Wonder Bread, is going out of business after striking workers failed to heed a Thursday deadline to return to work, the company said. “We deeply […]
BREAKING NEWS: The Economy Sucks
The Drudge Report featured this headline stack today: JOBLESS… INFLATION… POVERTY… RECESSION… None of this is exactly news to anyone who was really paying attention. Unfortunately, about 62.6 million Americans weren’t paying attention Nov. 6, so that the cause of this non-news — the disastrous failure of Obamanomics — will now be extended by four years. Danielle Saul […]
California Official Who Misreported Unemployment Is Obama Donor
Bias? What bias? Marty Morgenstern, the secretary of the California agency that substantially under-reported unemployment claims last week, contributed to President Barack Obama’s 2008 presidential election campaign, The Daily Caller has learned. On Oct. 11, the federal government reported that weekly jobless claims were down significantly, suggesting a dramatic national increase in economic growth and […]
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