The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

The Dow Goes Greek

Since late April, the Dow Jones Industrial Average has lost more than 850 points and fell by 178.84 Wednesday, below the 12,000 threshold. Reuters reports: U.S. stocks tumbled on Wednesday, driven lower by escalating Greek debt woes, while troubling U.S. data pointed to further losses ahead. Financials came under fire after Moody’s Investors Service said […]

Pointing Out the Obvious: They Don’t Teach Economics at Harvard Law School

Conveniences you’ve enjoyed for decades have suddenly become a cause of long-term unemployment: “There are some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers. You see it when you go to a bank and you use an ATM, you don’t go […]

This Just In: Obamanomics Sucks

Are folks on Wall Street finally figuring out what the folks on Main Street have known for two years? U.S. stocks fell Friday to cap their first five-week losing streak since July 2004, as a dismal jobs report added to the drumbeat of investor concerns about a slowing economy. The Dow Jones Industrial Average fell […]

Unexpectedly! Unemployment Hits 9.1%

“U.S. hiring slowed dramatically in May and the unemployment rate kept rising, adding to concerns the jobs market will take years to heal as the economy remains weak. . . . . The jobless rate . . . unexpectedly rose to 9.1% . . .” — Wall Street Journal “May’s job gain was about a […]

Obamanomics: The Predictable Suckage

Ed Morrissey at Hot Air: “If the US economy got off to a bad start in 2011 with a 1.8% GDP annualized growth rate, the start of the second quarter looks like it might be worse. The Commerce Department reported this morning that durable goods orders fell 3.6% in April after a 4.4% increase the […]

The New N-Word: ‘Food Stamps’

According to David Gregory of NBC News, it is “coded racially-tinged language” to mention the increased use of food stamps under President Obama’s economic agenda: “You want to be a country that creates food stamps, in which case frankly Obama’s is an enormous success. The most successful food stamp president in American history. Or do […]

Obama Lies About Unemployment

Just flat-out makes up “facts” during a town-hall meeting on the economy in D.C. hosted by CBS News: “The reason the unemployment rate is still as high as it is, in part, is because there have been huge layoffs of government workers at the federal level, at the state level, at the local level . […]

How Not to Fix Your Economy

“Greek labor unions were planning a general strike and a mass protest on Wednesday against the country’s economic austerity measures.” The labor unions, which have done so much to wreck the Greek economy, are now fighting against efforts to repair the damage. It’s like Wisconsin, really.

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