Tag Archive | "Economy"
George Soros: We’re Already in Another Recession
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
Tuesday, September 20, 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 [...]
AP Survey: Economists Pessimistic About Economic Future
Tuesday, August 23, 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 [...]
Moody’s Lowers U.S. Growth Outlook
Tuesday, August 16, 2011
Obamanomics. Moody’s Analytics, a sister company to credit-ratings company Moody’s Investors Service, now expects real gross domestic product to increase at an annualized rate of about 2% in the second half of this year and just over 3% next year, compared with its estimate a month ago for growth of 3.5% for the second half [...]
Gallup: Economic Confidence Plunges to Two-Year Low
Tuesday, August 9, 2011
American confidence in the nation’s economy has plunged to a two-year low, according to a new poll from Gallup. President Barack “Downgrade” Obama has seen his own approval fall three percentage points overnight. Americans’ economic confidence plunged to -53 in the week ending Aug. 7, a level not seen since the recession days of March [...]
Politifact: Reid Lied About Bush Losing Jobs
Saturday, August 6, 2011
I didn’t see it, but apparently Senate Majority Leader Harry Reid (D-NV) claimed on the Senate floor the other day that 8 million jobs were lost during the Bush Administration. Now, right off the bat that’s moronically false. Unemployment sat at 7.2% when Barack Obama took office. If the country had lost 8 million net [...]
Report: White House Pressured S&P to Withhold Downgrade
Friday, August 5, 2011
Lisa Desjardins of CNN reports that Standard and Poor’s served notice of a credit downgrade to the United States government today, but the White House pressured the agency to hold back the change. The agency then agreed to reconsider its decision to downgrade. Why pressure from the Obama Administration? The president knows voters would punish [...]
Government Officials Bracing for Credit Downgrade
Friday, August 5, 2011
S&P wanted at least $4 trillion in cuts over 10 years. Washington delivered less than $2 trillion and absolutely no reform to the unfunded entitlements totaling more than $100 trillion. And so, on a Friday evening in August 2011, the United States government braces itself for a downgrade. A government official tells ABC News that [...]
Yet Another Disappointing Jobs Report
Friday, August 5, 2011
The Bureau of Labor Statistics has released its unemployment report for the month of July, and it’s another disappointing outcome. The economy added 117,000 jobs during the month of July. BUT, that’s about half of what’s needed to make any real dent in the weak economy. And workforce participation dropped to its lowest point since [...]
Marketgeddon: 497 of 500 S&P Stocks Decline
Thursday, August 4, 2011
In the worst trading day since 2008, and the worst string of market closings since Jimmy Carter was in office, all but three stocks listed on the S&P 500 closed down today. The Dow Jones Industrial average closed down 512 points, meaning the index has closed down 9 of the past 10 trading sessions. The [...]
Thursday, September 22, 2011
0 Comments