Economy

Blogline of the Day – what, take Obama’s word for it?

by Skip December 10, 2017

OBAMA: “Those Jobs Aren’t Coming Back.” TRUMP: “Hold My Beer.” And Obama had the temerity of taking credit for the last three quarters of growth and then saying “Thanks, Obama!”.  Obama was responsible for the first quarter of this year, no doubt. His policies might have carried into the second but no one was jumping […]

2 comments Read the full article →

“Is America’s Middle Class Really Stagnating?”

by Skip December 9, 2017

Numbers are nice but WHICH numbers?  And what, exactly, are you measuring? The other thing is in comparing way back to now is the kinds of items that are bought.  I remember that just buying a computer terminal as a DIY kit for not a lot more money than what a lot of Walmart computers […]

0 comments Read the full article →

Data Point – Economy may hit 3.9% GDP rise this quarter??

by Skip December 5, 2017

New York Fed Now Projects 3.9% GDP Growth in Fourth Quarter… Another week – another set of weekly economic data – another upward forecast of anticipated 4th Quarter GDP growth.  Two weeks ago the Fed raised the 4th quarter growth projection to 3.2%. Last Week they revised that up to 3.8%. This week they have revised it upward again to 3.93% Remember, […]

0 comments Read the full article →

Data Point – House sales rising country wide

by Skip November 27, 2017

Reformatted, emphasis mine: Sales of new, single-family U.S. homes reached their highest level in ten years due to an increase in housing demand across the country. The Commerce Department released a report Monday stating that home sales rose 6.2 percent, the highest increase since October 2007, according to Bloomberg Markets…Reuters polled several economists who originally predicted that new home […]

1 comment Read the full article →

Data Point- this quarter to be even BETTER than previously forecast?

by Skip November 22, 2017

Don’t look now, but U.S. growth forecasts are moving higher. That’s helping to support U.S. stocks. Projections for U.S. economic growth from two Federal Reserve banks have risen in recent weeks. The Federal Reserve Bank of New York on Friday forecast that gross domestic product will rise 3.8% in the fourth quarter, up from a […]

1 comment Read the full article →

The world economy explained with two cows – Part 5 Traditional Capitalism

by Skip November 22, 2017

Notice that opposed to the other forms of capitalism (nor “not capitalism”), this is YOU oriented (all others are about being The State / bureaucrat oriented).  YOU get to make the decisions – not someone else.  YOU get to plan your future – not someone else. YOU get to take the risk – and then […]

3 comments Read the full article →

I see flying pigs – I actually agree with Jeanne Shaheen on something!

by Skip November 13, 2017

I am still shaking my head over this piece in the Union Leader – Jeanne Shaheen agrees with me??? Emphasis mine, reformatted: A sweet idea: Shaheen attacks sugar subsidies Give Sen. Jeanne Shaheen points for persistence. Her Senate colleagues have shown little appetite for eliminating subsidies to the sugar industry, but she keeps trying.  Shaheen has […]

0 comments Read the full article →

Data Point – 2017 Q2 final GDP result

by Skip September 28, 2017

“With just two days left until the end of the third quarter, what happened in Q2 will hardly provoke a market reaction, which is why when the BEA announced that the third and final Q2 GDP print was revised from 3.0% to 3.1%, (or specifically from 3.049% to 3.06%) it hardly inspired a move in […]

0 comments Read the full article →

Data Point – And this while “Experts” are saying the economy is doing better?

by Skip September 9, 2017

Low unemployment, low interest rates, official inflation rate about nil, stock market at historical highs…and this (reformatted, emphasis mine):   78 percent of Americans with a fulltime job say they live paycheck to paycheck 71 percent of Americans say they are in debt – an increase from 68 percent last year. 56 percent of those […]

1 comment Read the full article →

Data Point – GDP rose faster than first thought: 3.0%

by Skip August 30, 2017

A bit of good news – the pace of the economy is actually doing better than initial reports (reformatted, emphasis mine): The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of […]

1 comment Read the full article →

Data Point: And we were told that 2% was to be the new normal

by Skip August 20, 2017

Atlanta Fed estimates U.S. third-quarter GDP growing at 4.0 percent NEW YORK (Reuters) – The U.S. economy is on track to expand at a 4.0 percent annualized pace in the third quarter with inventory investment contributing 1.12 percentage points to growth, the Atlanta Federal Reserve’s GDP Now forecast model showed on Thursday. Last Friday, the government […]

1 comment Read the full article →

Data Point – A credit card tipping point?

by Skip August 8, 2017

Thankfully, TMEW and I have no credit card debt but it seems like others are making up for our lack: “Credit-card debt in the US rose in June, surpassing the peak set just before the 2008 financial crisis. Outstanding revolving credit, which includes credit-card debt, rose to $1.02 trillion in June, according to a monthly report from […]

1 comment Read the full article →

Data Point – Job Market looking better for job seekers

by Skip May 12, 2017

Just 1.25 unemployed workers per job opening — lowest since Jan 2001. #JOLTS pic.twitter.com/KB7C5CW5Rf — Jed Kolko (@JedKolko) May 9, 2017 (H/T: Washington Examiner)

0 comments Read the full article →

Like “charities” before it, is the Govt subsuming of healthcare insurance done?

by Skip May 4, 2017

“Here’s a nugget that encapsulates the health insurance industry, despite all the noise surrounding the future of the Affordable Care Act: In the first quarter of this year, Aetna collected more premium revenue from government programs (namely Medicare and Medicaid) than it did from commercial insurance for the first time ever. Why this matters: Most […]

0 comments Read the full article →

Could New Hampshire’s Bathroom Bill Kill Job Growth?

by Steve MacDonald March 1, 2017

Could HB478, New Hampshire’s latest bathroom bill, keep businesses away? It is a worthy question. We know that sexual predators will inevitably try to take advantage of unbridled access to ladies changing rooms and bathrooms. It is a given that religious organizations will be at risk of having to face penalties or follow their faith. […]

2 comments Read the full article →

Starbucks’ Brand Perception Plummets After Announcing Plan to Hire Refugees

by Steve MacDonald February 25, 2017

I’ve been getting some decent traffic from Facebook, but nothing compares to an article I wrote about Syrian Refugees coming to New Hampshire. If you want someone’s attention, write about illegal immigration or refugee resettlement. The jobs and economy narratives are good too, but I think we all know why Mr. Trump won the White House. […]

1 comment Read the full article →

Data Point – Not a single year over 3% GDP growth

by Skip January 29, 2017

U.S. Has Record 11th Straight Year Without 3% Growth in GDP Obama has boasted about how he “saved” the American economy.  That’s like the mechanic that “fixed” my 0 MPH car so now it will go 10 MPH (when it should be able to goo 100 MPH). UPDATE: The latest numbers mean that Obama’s economic […]

0 comments Read the full article →

In 9 days, the Obama gaslighting will stop

by Skip January 11, 2017

I am SO sick of this guy constantly being the Antagonizer-in-Chief.  At almost each and every turn, in almost every speech and interview, he just seems to delight in putting the shiv in and twisting it just that much more.  Thankfully, the straw(man) season is just about over and we won’t have to listen to […]

1 comment Read the full article →

Here is the EPITOME of Democrat view of small business. Progressive empathy and “listening” on full parade

by Skip January 11, 2017

As I’ve said before, TMEW and I owned a small business – one that was HIGHLY regulated: a daycare center.  We KNOW regulations, good, meh, and “are you freaking serious?” And we were beseeched on all sides by all kinds of “regulators” that absolutely were convinced that they knew what was best for our business […]

0 comments Read the full article →

Americans for Prosperity Highlights Ongoing Explosive Job Growth Since Tax Relief for Employers Took Effect

by Steve MacDonald September 13, 2016
Thumbnail image for Americans for Prosperity Highlights Ongoing Explosive Job Growth Since Tax Relief for Employers Took Effect

Press Release _________________________________________________________________________ For Immediate Release – September 13, 2016 Contact: Greg Moore (603) 303-9297 Americans for Prosperity Highlights Ongoing Explosive Job Growth Since Tax Relief for Employers Took Effect MANCHESTER – Americans for Prosperity – New Hampshire (AFP-NH) highlighted today’s release of August unemployment data showing the eighth straight month of major job gains […]

0 comments Read the full article →

Data Point- DC Minimum Wages up, employment down

by Skip August 24, 2016

How’s that higher minimum wage working out for jobs in DC? The nation’s capital has been leading the way on the minimum wage front and the Fight for 15 crowd couldn’t be happier. Still, those not invested in the future of the unions and the Social Justice Warrior movement have questions which deserve answers. Just […]

0 comments Read the full article →

Donald Trump’s Economic Speech

by Steve MacDonald August 10, 2016
Thumbnail image for Donald Trump’s Economic Speech

Transcript follows…

0 comments Read the full article →

Can the Government Run The Economy?

by Steve MacDonald August 9, 2016
Thumbnail image for Can the Government Run The Economy?
0 comments Read the full article →

Notable Quote – Richard Epstein

by Skip August 3, 2016

It is now possible to see how the progressive agenda thwarts the engine for growth in ways that private ingenuity finds it difficult to overcome. The initial observation is that virtually every progressive reform undermines free markets and tends to establish monopolies in labor, agriculture, and other industries. These rules frustrate the free entry into […]

0 comments Read the full article →

So, Donald Trump decides that all your money belongs Government (like the Democrats)?

by Skip July 25, 2016

It is well known that Democrats have been furious with companies undergoing tax inversions – a US company buys a foreign company and then moves its headquarters to that foreign entity.  Reason? US corporate taxes are too high compared to other countries.  Given that their legal fiduciary responsibility is to their shareholders, they do the […]

12 comments Read the full article →

Things Democrats Refuse to Believe

by Steve MacDonald July 22, 2016
Thumbnail image for Things Democrats Refuse to Believe

Lemonade Stand Economics is only 2 minutes long. Democrats can feel free to consider it an installment of the Two Minutes Hate because their notions about the relationship between business and government do not permit them to accept the simple truths in this short video. That their intrusions rob small business owners of resources they need […]

3 comments Read the full article →

So, If Unemployment is 2.7% Why Does NH Gov. Maggie Hassan Need $8.3 Million for This?

by Steve MacDonald July 11, 2016
Thumbnail image for So, If Unemployment is 2.7% Why Does NH Gov. Maggie Hassan Need $8.3 Million for This?

New Hampshire’s unemployment rate is at 2.7%. We may well be at or approaching a circumstance where there are more jobs than people who want to work. So what the hell is this? In February, Democratic Gov. Maggie Hassan announced a new $8.3 million initiative aimed at helping low-income people find good-paying jobs.

3 comments Read the full article →

Frank Edelblut on Creating Real Economic Growth

by Steve MacDonald June 20, 2016
Thumbnail image for Frank Edelblut on Creating Real Economic Growth

Gubernatorial candidate Frank Edelblut joins us to talk about some of the barriers to real economic growth–how government gets in the way of small business creation, innovation, and employment opportunity. Download this segment |  Complete podcast Remember: You can stream every program and every posted segment, anytime, anywhere, on your PC, Laptop, Tablet, or Smartphone […]

0 comments Read the full article →

Notable Quote – William Easterly

by Skip May 29, 2016

The market, by contrast [to state and other nonmarket means of supplying goods and services], rewards the profit-seeking baker according to just how much the consumers feel the bread is worth at solving their nutritional gluten problem. So the market will self-correct. Suppose there is a high social payoff to making bread for consumers – […]

0 comments Read the full article →

“Why private investment works and government doesn’t”

by Skip April 27, 2016

(H/T: Cafe Hayek)

0 comments Read the full article →