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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GDP Adjusted – US Economy Contracts in Q1

by Steve MacDonald May 29, 2014
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US Economy Contracts in Q1 The Economy sucks for everyone except the rent seekers and people in “The Capitol” as the economy for Q1, originally estimated at 0.1% growth, has been revised to a loss of 1%. Patterico makes the best comparison I have seen so far.  This administration is shaping up to be very […]

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Data Point – GDP vs Employment, 2002 – 2013

by Skip December 29, 2013

Productivity: (H/T: AEIdeas)

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Under Democrats Debt Doubles v. Growth

by Steve MacDonald October 10, 2013
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Remember when 9 trillion was irresponsible and unsustainable debt? Democrats have had a majority control of Government…since January 2007. (That’s six years for the math-challenged.) Since then we have added almost 8 trillion in additional debt on top of the 9 trillion that was so irresponsible back in 2007-2008, B.O.E. (Before the Obama ERA). Same […]

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Backward is the New Forward

by Steve MacDonald January 30, 2013

Not all that long ago I pointed out that “Forward” is the new backward.  As we progressed into 2013, everyone inherited a tax increase courtesy of the forward progress of the Obama Administration as it kept its promise not to rasie taxes on the “middle class.  Well it has only been two weeks since then […]

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Spending as A Percetage of GDP 1950 – 2010

by Steve MacDonald January 22, 2013

A new study from the St. Louis Fed has provided us with this nifty graph. The Graph below shows spending by major categories as a percentage of GDP.  Some may find this surprising. There are more charts at the link, also here at Hot Air.  Take particular note of the graphs on revenue and spending relative […]

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Data Point – Fed spending / income

by Skip November 25, 2012

(H/T: The Blaze)

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Data Point – 2012 Q3 GDP

by Skip October 26, 2012

The Bureau of Economic Analysis reported today that Q3 GDP ticked upward to 2.0 percent, after clocking in at 1.3 percent in Q2. But that headline number gives only limited amount of information. Here’s a more detailed breakdown from today’s BEA report. It could have been worse: Personal consumption improved to 2.0 percent in the […]

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Yes, More US Energy Use Equals More Output

by Steve MacDonald February 10, 2011

This is not a theorem, or a rule, it is more of a guideline. That US Energy consumption produces equals output. I made this case back in 2008 when wackadoodles like Jeanne Shaheen, Paul Hodes and Carol Shea-Porter (among others milking the teats of the earth-mother for green votes) complained about how America used 25% of the worlds energy–or something close to it, and we were evil for using all that energy. The narrative was that we were domestic abuses of a child named “resources.”

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