Economy

Data Point – Wall Street vs Population of Employed Americans

by Skip July 18, 2014

“This chart shows you how to respond next time. Although stocks and profit are indeed up as a result of the Obama administration and Federal Reserve policies, it isn’t translating to regular — non-Wall Street — Americans:” (H/T: Independent Journal Review)

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Data Point – Labor Dynamism

by Skip July 12, 2014

My Data Point post on Business Dynamism is here – showing that the rate at which new businesses / start ups has slowed right down.  There is also a labor companion to this: “It’s not enough for an economy to generate jobs. There should also be a good amount of turnover in the labor market. Workers […]

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So Much For Buying The World A Coke!

by Steve MacDonald July 9, 2014
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Lightbringer is having a rhetoric deficit on just about every front.  Obama has treated the US Economy like a rental car.  He has only taken a middling interest in international matters, and only when he thought it might burnish his street cred.  The problem there is that he never had any cred to burnish.  The […]

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Obama Economy Sheds 523,000 Full Time Jobs in June

by Steve MacDonald July 7, 2014
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Yeah, wage growth stinks, and the labor force participation numbers are horrible but the reported unemployment rate is down to 6.1%.  Probably in part because in June the Obama Economy shed 523,000 full-time jobs. Sure, part-time jobs surged, but those are typically entry-level assignments or low-skill positions.  That’s no way to run a recovery.  But […]

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Notable Quote – Dr. Walter Williams

by Skip July 4, 2014

Henry Ford benefited immensely from mass-producing automobiles, but the benefit for the common man from being able to buy a car dwarfs anything Ford received.  Individuals and companies that produced penicillin and polio and typhoid vaccines may have become very wealthy, but again it was the common man who was the major beneficiary.  In more […]

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Jeanne Shaheen Spends Over 20 Trillion in Six Years – Needs More Or Else!

by Steve MacDonald July 2, 2014
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Jeanne Shaheen and more than half a decade of Democrat majority Government have spent more than 20 trillion dollars on that government.  We’ve had plenty of advertised stimulus, some of it sold as specific to the very thing that now motivates the US Senate to ask for a raise in the Federal gas tax. Failure […]

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Observation: Profit is voluntary, not evil

by Skip July 1, 2014

Kevin Williamson is one of my favorite authors and you can mostly find him over at National Review.  Here is a snippet …The crude version of exchange — which is, unhappily, the common version — is inclined to suspect that there is an objectively correct price for a good, and that profit comes from duping […]

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I’ll Trade You 20 Trillion For A Crappy Jobless Economy

by Steve MacDonald June 25, 2014
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If you add all the Obama budgets and the deficit you get some huge number with ‘Trillions’ after it.   Democrats took the taxpayers on a spending binge that doubled the deficit, burdened them with a massive new entitlement, encouraged middling to declining growth, the worst labor participation rate in decades, record Welfare, food stamp, and […]

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GrokTALK! 5/10/2014 – The Pre-Show (Energy)

by Skip May 11, 2014

Every week, mostly, we turn on the cameras early (somewhat) to make sure that we are all set technically and, well, we’re talking about what we’re blogging anyways.  So we figure that you might just want to listen in!  Generally unscripted and completely free form, you might like what we are saying, so why not […]

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Hope? When Obama Is Done You Won’t Have Any

by Steve MacDonald May 9, 2014
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Hope (and change) were the promise of the Obama Presidency.  We’ll change things until you have no hope.  That’s what happened.  And that is the plan going ‘Forward.’ Democrats all across the nation are embracing 1.9% total growth in 2013 and 0.1% in the first quarter of 2014.  And they should.  This is what they […]

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Data Point – Reagan brought people into work; Obama has driven them out of work

by Skip May 6, 2014

(H/T: Powerline)

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Data Point – Economy screeches to a stop?

by Skip April 30, 2014

  I do have to laugh at the speculation from the notorious butt kissing CNN over the poor performance of the US Economy: The U.S. economy stalled in the first three months of 2014, but don’t panic yet as it’s probably just the winter weather effect. Yeah – it was a rough winter – just […]

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Chinese Economy: God Bress Amellica!

by Rick Olson April 30, 2014

Reported today, the Chinese will overtake the United States as the world’s largest economy. Liberals blame corporate America, while Corporate America blames liberal fiscal policies.

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Data Points – an amalgam

by Skip April 18, 2014

Been real busy so playing catch up.  Here’s a few unconnected, disjoint factoids: Census says!  86.5 million workers are supporting 148 non-workers. Enough people riding in the wagon for you, Zandra Rice-Hawkins, Jeanne Shaheen, and President Obama? The average price for a kilowatthour (KWH) of electricity hit a March record of 13.5 cents, according data released […]

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Data Point – Obamacare Deductibles

by Skip April 13, 2014

From Heritage: So, if you have a Bronze plan in a four person family, your total family deduction could be

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Data Point – Total Credit Market Debt as a percentage of GDP

by Skip April 7, 2014

 

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As a former “FredHead”, I found this amusing

by Skip April 6, 2014

(H/T: Powerline)

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Hardly, Zachary Shahan, hardly

by Skip March 31, 2014

(Emphasis mine, reformatted): Terrorists could knock US electricity grid out for 1.5 years, but more solar power could help protect it The idea that the US electricity grid could be knocked out for 1.5 years is a bit shocking. But that’s what the agency in charge of protecting it has revealed.  It may have all […]

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Data Point: What was promised, didn’t

by Skip March 27, 2014

The questions is: will the American Public hold him responsible for the riches promised but not delivered?  Who will be held accountable?  What was promised, enjoying a robust rip-roaring economy if we just followed Obama’s proscriptions and policies, have delivered less than half than “better future to come”. Remember, he and his accomplicies decided that […]

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Data Point: “Judging Obama’s Economy By His Own Promises”

by Skip March 23, 2014

Res ipsa loquitur: But is that true? And how do you fairly measure Obama’s record?  Perhaps the best metric is Obama’s own promises about what his economic plan would produce. Those are contained in his first budget, which was issued in early 2009. Above are charts comparing that budget’s forecasts for key economic indicators with […]

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Climate Change No Longer Even On The List of Things Americans Are Concerned About

by Steve MacDonald March 14, 2014
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Right after 28 clueless Senate Democrats held a pajama Party (Up4Climate) on the floor of the US Senate to lobby a California Billionaire for campaign donations, Gallop released its March 2014 polling on what Americans think are the most important problems facing the US. “Climate” didn’t even make the new list. (Update: Extreme Shaheen is […]

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Data Point – Price of Public vs Private employees

by Skip March 13, 2014

From Big Government: The United States Bureau of Labor Statistics (BLS) announced on March 12th that the total cost of employing a state or local government worker is 45% more than an equivalent worker in the private sector. For the month of December 2013, employers in private industry spent an average of $29.63 per employee […]

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Welcome To Total Failure Island

by Steve MacDonald March 13, 2014
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Democrats insisting we must increase the minimum wage is like a wife-beater showing up at the door with flowers. Me Nothing says total economic failure like a political party (Democrats), which has crooned endlessly about its effort to create good paying jobs for American families, having to use the force of law to make wages […]

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Data Point: Inequality of wealth? How ’bout inequality of decisions?

by Skip March 10, 2014

For those that wail against “income inequality”, I point out: For hundreds (really, thousands) of years, there was little inequality – everyone was poor. Is that what you want again? The high achiever nations were those that went to more free-market economies. Is not having wealth a goodness? The continued WORST achieving nations were socialist […]

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The Failure of Veteran Senate Republicans

by Tom March 4, 2014

I’m wondering why some of our veteran Senate Republicans are jumping on the easy track to fixing the so-called Medicaid expansion “problem”. Republicans are supposed to lean toward market based, economic oriented solutions and away from entitlement-based fixes, which ultimately our grandchildren, not us, nor the aging Republican Senators (who feel the need to “do something“), will pay for. […]

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You can thanks Democrats for sawing off those rungs, laddie

by Skip February 28, 2014

(H/T: Liberal Logic 101) The purpose of a company is to make money for its owners: sole proprietor, partners, C Corp, LLC, or bigger.  They exist to make wealth – I know my job when working for someone else is to maximize profit.  I was rather blunt with my employees – your job is to […]

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Democrats Admit To Their Own Economic Incompetence

by Steve MacDonald February 17, 2014
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Nothing says total economic failure like a political party (Democrats), which has crooned endlessly about its effort to create good paying jobs for American families, having to use the force of law to make wages go up. In times of real economic growth labor increases in value as business owners compete for the resource.  This […]

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Obama’s job creation knowledge – distilled

by Skip January 19, 2014

Concise, pithy, and all-encompassing! (H/T: IJ Review)

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Data Point – The Obama Economy

by Skip January 17, 2014

From Big Government: 1. A Record 91.8 Million Americans Are No Longer in the Workforce …According to the U.S. Census, 317 million people live in the United States. 2. Since Jan. 2009, the Number of Jobless Working-Age Americans Has Risen 9.6 Million People …That means that the number of working age Americans that are not […]

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Data Point – Hong Kong, Singapore, Australia, Switzerland, New Zealand, Canada, Chile, Mauritius, Ireland, Denmark and Estonia.

by Skip January 16, 2014

But no United States of America – ostensibly, “the Land of the Free” – in the latest version of  Economic Freedom Report. “You know, if you like your freedom, you can keep it. Or maybe not,” said Senator Rand Paul (R-KY) at an Index panel hosted by the Heritage Foundation on Tuesday in Washington, D.C. […]

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