Economy - The New American

Trump Announces Cautious Reopening of U.S. Economy

On Thursday, President Trump announced his “Opening up America Again” plan to reopen the economy in a three-phase, “science-based” strategy that he is...

Bob Adelmann April 17, 2020

More Than 5M File for Unemployment; 22M Since March 1. Professors: Jobless Rate 20 Percent

R. Cort Kirkwood April 16, 2020

More than five million Americans filed for unemployment last week, for a total of 22 million who have claimed unemployment benefits. Two professors...

One in 10 Americans Out of Work; That Number Likely to Grow

Bob Adelmann April 9, 2020

The one in 10 Americans filing for unemployment insurance are sure to be joined by more Americans before the unemployment number starts dropping. ...

Polls Show Business, Consumer Sentiment Suffering Under Coronavirus Shutdown

Bob Adelmann April 7, 2020

Polls are consistent: Consumer and business sentiment is taking a dreadful hit thanks to the “social distancing” and “sheltering at home” protocols put...

Ipsos, Harris Polls Report Virus Shutdown Is Closing Small Businesses Permanently

Bob Adelmann April 5, 2020

Polls conducted among small business owners the third week of March by Ipsos and Harris are showing the damage already being done to...

Rep. Massie on Massive $6 Trillion Stimulus

TNA Video April 2, 2020

VIDEO - Congressman Thomas Massie joins Christian Gomez to discuss the recent $6 trillion stimulus package, where most of that money is going...

Wednesday’s ADP Jobs Report Misleading: Job Loss in March Much Worse

Bob Adelmann April 1, 2020

The drop in employment reported by ADP looks much better than it really is, as the latest report does not account for data...

“Waffle House Index” Flashes Red as Unemployment Numbers Jump

Bob Adelmann March 31, 2020

The “Waffle House Index” is a useful indicator of the impact the virus shutdown is having on the U.S. economy. ...

Trump Wants to Reopen the Economy. Will the States Follow?

Bob Adelmann March 24, 2020

If Trump’s reopening happens soon enough the economy will survive, revive, and build a stronger, safer and healthier country. ...

U.S. Treasury to Offer Small Business Owners “Forgivable” Bridge Loans

Bob Adelmann March 23, 2020

The Federal Reserve is working closely with his agency to create a Main Street Business Lending Program that would give those owners an...

Don’t Panic: the Fed’s Offer to Stabilize Bond Markets Is not “QE-4”

Bob Adelmann March 13, 2020

Headlines from major financial sources virtually shouted that the Federal Reserve was suddenly employing “QE4.” It seems headline writers are suffering from the...

Meet Flippy the Burger Chef, Who Never Sleeps or Goes Home — and Makes $3 an Hour

Selwyn Duke March 1, 2020

A new Karl Marx can come along shouting “Workers of the world, unite!” but Flippy the burger chef will hear none of it....

President’s Report Shows U.S. Economy Continues To Exceed Expectations

Bob Adelmann February 21, 2020

The Economic Report of the President, released on Thursday, touts the remarkable performance of the U.S. economy under the current administration. The good...