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Hallmark Unveils Layoff, Recession Cards
Sign of the times. FRANKLIN – In the business of selling sentiments, there’s a card for everything, from traditional occasions to unique needs: cards with sound, cards for holidays, cards for losing a tooth. But losing a job? Yes, now there’s a card for that too. Hallmark recently rolled out a new line of layoff [...]
George Soros: We’re Already in Another Recession
22. September 2011
He blames Republicans, of course, but what else did you expect from the billionaire responsible for countless extreme-left organizations? He certainly wasn’t going to cast the blame on Barack Obama or the party he effectively owns. So Republicans as a scapegoat it is. Asked by CNBC if he believed the US risks falling into a [...]
Governor Scott Announces 500 New Jobs in Florida
20. September 2011
Florida Governor Rick Scott (R) today announced the creation of 500 new private sector jobs in his state. According to a press release, Time Warner will create 500 new jobs over the next five years. The jobs will come with an average salary of about $50,000 — about average pay for an American worker. “This [...]
Video Flashback: Kennedy Spurs the Economy by Cutting Taxes
19. September 2011
A flashback to a time when both sides understood that tax cuts were the way to stimulate economic growth, and that mutual understanding led to the rapid rise of the United States on the world stage. Now we have a Democratic president who thinks the best way to stimulate economic growth is to take more [...]
Social Security a Ponzi Scheme by SEC’s Definition
16. September 2011
Yep. A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus [...]
Major Automaker Files for Bankruptcy
7. September 2011
Swedish automaker Saab has filed for bankruptcy, the Wall Street Journal reports. The company will attempt to reorganize. The application relates to Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB but excludes Saab Automobile Parts AB and overseas subsidiaries. Netherlands-based Swedish Automobile said the purpose of the proposed [...]
Amazon to California: You’ll Get 7,000 Jobs if You Drop the Sales Tax
2. September 2011
Wait. I think we’re about to enter mind-blowing territory. Does this suggest that cutting taxes…stimulates economic growth? And creates jobs? And that higher taxes suppress economic growth and kill jobs? Mind Blown. (Reuters) – Amazon.com Inc has proposed a hiring spree of 7,000 jobs in California if state leaders put a recently enacted online sales [...]
An Historic Failure to Create Jobs
2. September 2011
The Bureau of Labor Statistics announced today that zero (0) net jobs were created during the month of August — far less than the 80 to 100,000 jobs economists had expected. The unemployment rate stands at 9.1%. It’s an historic failure. The last time zero net jobs were created was during World War II. 1945 [...]
Obama’s New Top Economist Wanted $500 Billion Per Year Consumption Tax
29. August 2011
First, the Washington Post: WASHINGTON — President Barack Obama says he wants his new economic adviser to give him guidance based on what’s best for the country, not politics. Obama says that Alan Krueger will fill a crucial role on the White House economic team. Obama tapped Krueger Monday as the new chairman of the [...]
AP Survey: Economists Pessimistic About Economic Future
23. August 2011
Weak consumer confidence, ever-increasing regulation from Washington, threats of massive tax hikes, government spending out of control, housing prices falling, unemployment stagnant at 9.1%…what could economists possibly be pessimistic about? Haven’t they heard? Barack Obama is president and that means everything’s coming up roses. — The likelihood of a recession within the next 12 months [...]
26. September 2011
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