Why No Jobs?Posted: 09 Aug 2010 06:21 AM PDT by Jerry O’Driscoll In today’s (Monday, August 9th) Wall Street Journal, a small business owner provides the calculations on why he is not hiring. He takes his median employee, changes her name, and explains why he must spend $74,000 to provide [...]

The following article by Michael Eden is one of the best summaries of what has happened under the reign of The One: Articulate Incompetent Obama Leads Nation To Great Depression Unemployment Levels Robert Blagojevich – the brother of Democrat Governor Blagojevich – labeled Jesse Jackson Jr. as an “articulate incompetent” (actually [...]

To those still foolish enough (or delusionally optimistic) to believe that our economy has turned the corner and is headed back to pre-2008 days, turn off your TVs and cancel whatever newspapers you are reading. It just ain’t happening and it isn’t about to begin! The post below describes the [...]

Many years ago Dr. Walter Williams wrote a book entitled The State Against Blacks. It was a book that I believed would be excellent required reading in an elementary economics course. I especially thought this for the brief time when I taught at an historically black university. Of course that [...]

This excerpt from a very interesting website by Gordon T. Long: 07-08-10 EXTEND & PRETEND: Stage I Comes to an End! Both came to an end at the same time: the administration’s policy to Extend & Pretend has run out of time as has the patience of the US electorate [...]

A reasonable summary of our current situation from James Quinn: “The banking system is insolvent. The consumer is dead. The housing market is still crashing. Unemployment is going up. Consumer confidence is going down. The 6 criminal mega-banks were the ONLY banks out of 986 in the US to “make [...]

The pollyannas continue to claim there is an economic recovery underway. Hapless Joe Biden shamelessly tells us how many jobs were saved by the Administration. Apparently he and others of his ilk believe that people are unable to see or think. Certainly that impression is consistent with their desire to [...]

The Obama Administration (aka The Gang the That Couldn’t Shoot Straight, The Keystone Cops, The Worst Administration Ever and a host of other non-flattering handles) has failed miserably in its economic efforts. To any non economist and non cult member it was obvious from the beginning that their programs could [...]

Jim Sinclair describes the recovery cheerleading: It seems every day I watch mainstream media there is a discussion about the ongoing so- called “recovery.”  Yesterday was no exception.  I was watching an anchor on MSNBC ask a guest why the “recovery” is so uneven and why it was hard to [...]

Bill Gross shows signs of losing his mind. He suggests the government should direct the allocation of resources. Most of the time, I agree with Mr. Gross’ analysis. His firm is filled with sharp people (and well-connected). Now I am wondering whether he has gone crazy or have I. Perhaps [...]

The end of democratic socialism is at hand. The welfare states of the US and Europe are financially out of control, spent and unsustainable. They have reached the point that Margaret Thatcher defined as the end of socialism: they have run out of other people’s money. These areas of the [...]

From Calculated Risk’s Duration of Unemployment came the following graph: It is notable how high the longest unemployed category is. It dwarfs all similar and previous measurements. Calculated Risk points out two factors that may be responsible: 1) Lack of mobility due to inability to sell homes, and 2) Skill mismatch. [...]

Economists talk about the “tax wedge.” This term refers to the difference between pre-tax and after-tax costs. The term can be used to refer to any difference caused by our tax structure. For example, a merchant sells something for $1.00, but the purchaser pays $1.07 if there is a sales [...]

Jim Quinn on Unemployment: Interesting post from Washington’s Blog on Naked Capitalism. I’m torn in my assessment of these figures. A major reason that the poor have a 31% unemployment rate is because they didn’t educate themselves, dropped out of high school, are lazy and can live a subsistence existence [...]

Our economic crisis drags on as I do, warning you that this mess is not over, not ending soon and will get much worse. While not a lone voice by any means, the megaphone of the Federal Government and their minions in the press are tough to overcome by the [...]

Here are some links regarding the economy from Chris Martenson‘s site from April 21. Welcome to the new reality. These adjustments are long overdue and are forced on governments that have long lived beyond their means. It is likely that all of these cuts are merely small down payments for what is [...]

Public pronouncements of economists, once they enter Washington, become virtually useless.  In order to serve, they must compromise their objectivity and support the goals and spin of the Administration. Of course, they don’t have to enter Washington at all. All they have to do is adopt a team, either Republican [...]

We know that Social Security is broke. Ditto for Medicare and Medicaid. Ditto for the Federal Deposit Insurance Corporation. Ditto for the Post Office. Ditto for Fannie Mae. Ditto for Freddie Mac. Ditto for Amtrack. The Federal Government has proven to be incompetent in virtually everything they touch. The states [...]

The following is more evidence of puzzling GDP numbers. It was sent to me via email with emphasis added by the emailer. Unfortunately I don’t have a link to the original Economist article, but assume you can find it by the date if you are so inclined.    // = 0 [...]

We know there is virtually no business experience amongst the President’s advisors. That has been documented in various places. Yet that could have been inferred  from the number of wrongful policies that have been proposed or implemented. There are so-called economists in the Administration. Larry Summers, for example, is a [...]

Economic conditions are bad. No one except a political lackey would attempt to argue otherwise.  A post in American Thinker by Randall Hoven dealing with unemployment is reproduced below.  The numbers are shocking and tragic. Most accounts believe that the current employment situation is long-term or “structural.” That is, high [...]

“My long view for the US is high inflation which will not show up in the government’s fraudulent statistics, along with a declining standard of living, increasing decay and ultimately leading to chaos, societal and government collapse in the US within a decade or two, maybe sooner.” Craig Harris The [...]

Is The Government Misrepresenting Unemployment By 32%? (Zerohedge) “Yet what struck us is the when this chart is presented from 2007 until today. Something unusual emerges. An absolute chart of the money spent by the government superimposed with the total insured unemployed is presented below: What becomes obvious is that [...]

Welcome the future. If you have any questions regarding how current economic and social policies will work, look at the following video. While this one focuses on Detroit, other cities could have been the setting. Perhaps none quite as dramatic, but wait a few years! [youtube]http://www.youtube.com/watch?v=1hhJ_49leBw[/youtube] Motown as a Model [...]