Ron Paul: Obama Is Another Corporatist, Not a Socialist
The idea that President Barack Obama is a socialist is popular among many conservatives; all of us have seen automobiles sporting the bumper sticker reading, Don’t Blame Me; I Didn’t Vote...
Economic Commentary
Stimulus Spawns More Debt and Govt Jobs
Item: An Associated Press story dated February 17 reported: “Vice President Joe Biden asserted in an interview Wednesday that taxpayers have ‘gotten their money’s worth’ out of the $787 billion stimulus...
Latest Unemployment Numbers: Shoveling Snow?
When the Bureau of Labor Statistics announced last Friday that the economy lost only 36,000 jobs in February, the usual choristers took that as good news. Christina Romer, the Chairwoman of the...
Bernanke Wrongly Calls “Bizarre” Allegations Cited by Ron Paul
On February 24, Congressman Ron Paul (R-Texas), at a hearing held by the House Financial Services Committee, asked Federal Reserve Chairman Ben Bernanke whether he was aware of allegations that the...
The Economy Looks Like “L”
Just when the headline news about the economy was beginning to look good and the talking heads were beginning to sound good, along came a barrage of bad news that was...
Obama’s Jobless Recovery
The New York Times is now reporting what many Americans have figured out already: The Obama “recovery”) is a jobless recovery, leaving millions of Americans lacking the one thing that concerned...
Recovery Act a Bust, Despite Obama Claims
"The art of economics," economist Henry Hazlitt wrote nearly seven decades ago, "consists in looking not merely at the immediate but at the longer effects of any act or policy; it...
Consumer Prices Fall … or Rise?
“Core consumer prices” fell by a monthly 0.1 percent in January, reported the Wall Street Journal on February 19, noting that the last time core consumer prices fell was in December...
New Unemployment Numbers Conceal Many Issues
January’s unemployment numbers were released late last week. According to the official report, unemployment fell from 10.0 to 9.7 percent last month. Employment fell in such areas as construction and transportation,...
“Bankster” Cabal Conspiracy Going Mainstream?
Claims that cabals of “banksters” control much of the world’s economy from behind closed doors have, for years now, been mainstays of those usually dismissed as “conspiracy theorists.” But since Fall...
Weak Dollar Obama’s Fault?
According to Newsweek, the dollar isn’t weakening, and even if it is, it isn’t Obama’s fault. On Tuesday, Daniel Gross iterated all the reasons that, according to conservatives, the American dollar...
Economy Far From Being Out of the Woods
The evidence is mounting that the American economy is very far from being out of the woods. For one thing, the latest job reports show that 85,000 more jobs were lost...
Geithner Advised AIG to Keep Quiet About $105 Billion Paid to Banks
U.S. Treasury Secretary Timothy Geithner has some explaining to do. Both the New York Times and the British Telegraph have reported that e-mails going back to January 2009 show that the...
Stock Rally Owing to Plunge Protection Team Conspiracy?
The 60 percent gain in stocks since March was largely caused by secret government purchases of stock-index futures, the CEO of TrimTabs claims. ...
Will New Jobs Bill Create Jobs? Republicans Say No
Where do the kinds of jobs that will grow the economy come from? Can the federal government simply create them through more spending? We are about to find out — yet...