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Keyword: itstheeconomystupid

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  • Hillary’s statist solution. Bigger government will further hobble the economy

    10/04/2016 7:57:19 PM PDT · by Innovative · 4 replies
    Washington Times ^ | Oct. 4, 2016 | Peter Morici -
    Listening to her — and the worshipping liberal media — President Obama rescued America from the worst economic crisis since the Great Depression by creating nearly 15 million jobs after unemployment peaked at 10 percent. Voters should validate his success by electing Mrs. Clinton to finish the job he started. What she says is needed now to accomplish a utopian state is yet even more government regulation — for example, by federalizing the California Equal Pay Act, which regulates salary and hiring decisions in the Golden State down to the smallest businesses — higher electric rates to pay for massive...
  • Why Marco Rubio and Ted Cruz's Tax Plans Generate More Growth than Donald Trump's

    03/04/2016 11:42:01 PM PST · by JediJones · 104 replies
    Tax Foundation ^ | 2/26/2016 | Alan Cole
    ...our model shows more growth from the Rubio and Cruz plans than the Trump plan, even though Trump proposed a larger cut: While Donald Trump largely opted for big rate reductions across the board, Rubio and Cruz made improvements to the structure of taxes, while cutting taxes by less overall. Senators Rubio and Cruz both put thought into the nature of the taxes that businesses pay. They noticed that the current way businesses are asked to calculate taxes creates a bias in the code. When a business builds something new, like, say, a new industrial lathe, that decision actually has...
  • The brutal economic truth behind the rise of Trump

    03/02/2016 6:42:44 AM PST · by dirtboy · 18 replies ^ | 3/2/2016 | Anthony Mirhaydari
    -- snip -- If his appeal was based on his language and bluster, America would have elevated someone like Howard Stern or Ann Coulter long ago. If his appeal was based on foreign policy concerns, why isn't a military general leading the charge? It's the economy, stupid! And the fact is that real, median household income peaked at nearly $58,000 back in 1999 and has been sliding ever since, standing now at just $53,657. This can all be summarized in two charts: The relationship between corporate profitability and labor's share of income shown above. Cheap laborers (both undocumented unskilled and...
  • Democrats: Go big on the economy in 2016

    11/19/2014 7:36:19 PM PST · by Olog-hai · 17 replies
    Associated Press ^ | Nov 19, 2014 5:31 PM EST | Ken Thomas
    Democrats say the main lesson of the November election is simple: Go big on the economy. Party officials attending a daylong conference Wednesday hosted by the Center for American Progress said Democrats failed to make a forceful pitch to middle-class voters on issues like economic opportunity, stagnant wages and rising college costs—and suffered the consequences. “Too many Democrats did not offer a progressive vision, particularly around economic issues,” said New York Mayor Bill de Blasio, pointing to his successful 2013 mayoral campaign as a model. “This year, around the country, I think there was an unwillingness on the part of...
  • Obama wants an election about the economy, not him

    10/09/2014 6:10:17 PM PDT · by Olog-hai · 38 replies
    Associated Press ^ | Oct 9, 2014 8:15 PM EDT | Jim Kuhnhenn and Darlene Superville
    President Barack Obama is all in with his economic pitch. The American public is not. Over the next 27 days, either the public or the president is going to get the message. In a midterm campaign strategy fraught with risk, the White House is betting that Obama’s tight embrace of the economic recovery and populist proposals for gender pay equity and a higher minimum wage will galvanize his core supporters and persuade fence-sitting independents to help Democrats retain narrow control of the Senate in November. Addressing young entrepreneurs Thursday at a startup center in California, Obama highlighted his economic record...
  • Unlike previous midterm election years, no dominant theme has emerged for 2014 [so MANY]

    08/10/2014 6:08:45 AM PDT · by Cincinatus' Wife · 23 replies
    Washington Post ^ | August 9, 2014 | Philip Rucker, Robert Costa and Matea Gold
    Ask voters in North Carolina’s Research Triangle what November’s midterm elections are about and one will tell you drones. A second will say closing the prison at Guantanamo Bay, Cuba. Yet another, the middle-class squeeze. At a Sunday school classroom in Ypsilanti, Mich., voters are concerned about deteriorating roads, teen sex parties, truancy in schools and violent crime. Six hundred miles west at a Republican campaign office in Urbandale, Iowa, people fear that America is on an irreversible decline — like Germany after World War I, as one man predicted. Across Colorado, voters are thinking about a whole other set...
  • Why A Higher Unemployment Rate Is Actually Good News This Time

    08/01/2014 8:36:16 AM PDT · by nhwingut · 27 replies
    Huffington Post ^ | 08/01/14 | Mark Gongloff
    The job market is still not the greatest, but we just got one hopeful sign that it might be improving a bit. The economy added 209,000 jobs in July, and the unemployment rate ticked up to 6.2 percent from 6.1 percent, the Bureau of Labor Statistics said Friday. Believe it or not, both of those numbers are encouraging. The reason the first number is encouraging is because, duh, jobs. The encouraging part of the second number, the unemployment rate, is less obvious. Normally, higher unemployment is bad news, and people seeing HIGHER UNEMPLOYMENT on the evening news tonight will naturally...
  • A Temporary Majority - The problem Democrats can’t solve.

    02/10/2013 5:51:39 PM PST · by neverdem · 53 replies
    Weekly Standard ^ | February 18, 2013 | Jay Cost
    A tradition after each national election, presidential or midterm, is for the pundit class to pontificate on whether and how the results point to a realignment. This exercise dates back at least to the publication of The Emerging Republican Majority by Kevin Phillips in 1969, and it continues to this day. Now, of course, the hot topic is the so-called emerging Democratic majority, dominated by young people, nonwhites, and upscale social liberals. Pundits across the political spectrum are offering free advice to the Republican party on how to change its ways lest it face extinction at the hands of this...
  • Now that the Election Is Over, the Washington Post Admits that the Obama Recovery Has Been Terrible

    11/20/2012 6:40:05 AM PST · by Kaslin · 25 replies ^ | November 20, 2012 | Daniel J. Mitchell
    I agree that Obama inherited a crappy economy, and I think it is silly to assert that he bears any responsibility for the severity of the 2007-2009 recession. But it is very fair to hold him responsible for what’s happened since the recession ended. I’ve cited data from the Minneapolis Federal Reserve on both employment and gross domestic product to show that Obama has presided over the weakest recovery in the post-World War II period.And I think it is fair to blame Obama for the economy’s anemic performance during that time, largely because his agenda of faux stimulus and Obamacare...
  • Despite Convention Distractions, It's Still All About the Economy

    09/08/2012 9:47:59 PM PDT · by Arthurio · 8 replies
    Friday, September 07, 2012 Mercifully, the political conventions have ended. The political press will keep buzzing over whether Clint Eastwood's unconventional speech helped or hurt Mitt Romney and whether the snafu over Israel and God in the Democratic platform will do any lasting damage to President Obama. Republican reporters will think former President Clinton talked too long, and Democrats will note that New Jersey Gov. Chris Christie talked more about himself than about Romney. But they are missing the point. The campaign is about what's happening in America, not what the politicians are saying. At the beginning of 2012, it...
  • US Republicans to clash on foreign policy

    11/12/2011 4:10:02 AM PST · by Cincinatus' Wife · 31 replies
    The Daily Star - Lebanon ^ | November 12, 2011 | AFP
    WASHINGTON: The Republican candidates seeking to replace US President Barack Obama face off Saturday in their first televised debate on foreign policy and are set to slam his handling of world affairs. The issue can define a presidency but is unlikely to decide the November 2012 elections: US voters are focused foremost on the sour economy, and Obama earns far higher marks on terrorism, Afghanistan and Iraq than on unemployment. That won't stop Republicans from slamming the president on those issues, his handling of Iran's suspect nuclear program, his often tense relations with Israeli Prime Minister Benjamin Netanyahu, or other...
  • Insight: Jobless voters could desert Obama at election

    10/25/2011 8:15:45 PM PDT · by 2ndDivisionVet · 10 replies
    Reuters ^ | October 25, 2011 | Andy Sullivan
    Las Vegas-The slot machines jangle away with the promise of sudden riches, but many visitors to a job fair at a second-tier casino here are hoping merely for a minimum-wage job to snap their losing streak. The grim economy hasn't been the only disappointment of the past several years for those hoping to find work with the limousine companies, insurance agencies and home healthcare providers that have set up shop at this career fair. Ask Kimberly Howard who she voted for in 2008, and she glances sideways before confiding what appears to be a shameful secret. "Obama," she mutters. It's...
  • Obama: Country Facing Economic, Political Crisis "This election won't be as sexy as the first one"

    10/24/2011 7:45:29 PM PDT · by kristinn · 68 replies
    AP ^ | Monday, October 25, 2011 | Jim Kuhnhenn
    Testing a re-election theme, President Barack Obama is telling donors during a fundraising rich tour of three western states that the country is suffering from an economic crisis and from a political crisis. "People are crying out for action," he says. Pointing to elements of his $447 billion jobs plan rejected by Republican lawmakers, Obama said they would likely linger as campaign issues in 2012. "This is the fight that we're going to have right now, and I suspect this is the fight that we're going to have to have over the next year," Obama told about 240 donors at...
  • Major Garrett: Town hall a sign of ‘anxiety’ at Obama reelection HQ

    07/06/2011 6:31:52 PM PDT · by markomalley · 20 replies
    Daily Caller ^ | 7/6/2011 | Jeff Poor
    Wednesday’s so-called Twitter town hall meeting conducted by President Barack Obama was certainly unprecedented. But was it a sign of trouble at Obama reelection headquarters in Chicago? Over the past few weeks, Democrats in Washington, D.C., have been driving the message of “shared sacrificed” as it pertains to the federal government’s fiscal policy going forward in dealing with record deficit and debt issues. But in an appearance on Wednesday’s “The Laura Ingraham Show,” National Journal congressional correspondent Major Garrett explained there were some unresolved questions, especially when it comes to the question of what Americans are getting for their sacrifice....
  • Obama says economy not growing fast enough (there's no "magic bullet" that will fix its problems)

    08/29/2010 6:05:35 PM PDT · by NormsRevenge · 161 replies
    Reuters on Yahoo ^ | 8/29/10 | Caren Bohan
    WASHINGTON (Reuters) – President Barack Obama said on Sunday the U.S. economy was expanding but not at a robust enough pace and there was no "magic bullet" that will fix its problems. Obama said in an NBC interview that the batch of grim economic data over the past few weeks was something his administration had anticipated. ... "The economy is still growing, but it's not growing as fast as it needs to," Obama told NBC in the interview in New Orleans, where he stopped after a vacation on the Massachusetts island of Martha's Vineyard. Obama faces a dilemma in trying...
  • Difficult economic times ahead, CBO warns (Hey Obama, how's that "Summer Of Recovery" coming?)

    08/20/2010 4:02:51 AM PDT · by tobyhill · 23 replies
    MSNBC ^ | 8/19/2010 | Reuters
    The U.S. economy faces even more difficult times ahead with chronic high unemployment rates and slow manufacturing growth hurting the recovery, Congressional Budget Office Director Douglas Elmendorf said on Thursday. The U.S. unemployment rate will not fall to around 5.0 percent until 2014, Elmendorf wrote in his blog about CBO's new economic and budget outlook. Without significant changes in U.S. tax and spending laws, the U.S. government will struggle to dig its way out of a fiscal deficit hole, the CBO said, and this may influence the outcome of the November 2 midterm congressional elections.
  • TARP traps GOP incumbents (as it should)

    05/15/2010 2:45:13 PM PDT · by pissant · 64 replies · 1,289+ views
    Politico ^ | 5/15/10 | Jim Hohman
    Utah Sen. Bob Bennett’s defeat Saturday underscored what many Republicans already know to be true: Their 2008 “yes” vote for the Troubled Asset Relief Program is no asset to their campaigns. The Wall Street bailout has turned into a millstone for many Republicans who voted for the $700 billion fund. The vote is proving to be a crushing burden in GOP primaries for those carrying it. Nowhere was it clearer than in Utah, where, as Bennett pleaded Saturday for the chance to serve a fourth term, a smattering of delegates at the Utah Republican convention serenaded him with the chant...
  • Obama on the economy: both sides now

    03/17/2009 8:00:21 AM PDT · by SmithL · 6 replies · 515+ views
    San Francisco Chronicle ^ | 3/17/7 | Debra J. Saunders
    How the tables have turned. In September 2008, when GOP presidential nominee John McCain said "the fundamentals of our economy are strong," unemployment was 6.1 percent, the credit crunch had yet to reach the point that prompted President George W. Bush to propose a bailout, and Team Obama proclaimed that an out-of-touch McCain "just doesn't get it" on the economy. Now with unemployment at 8.1 percent, the $700 billion-plus Bush bailout has been followed by the $787 billion Obama stimulus package, and some D.C. Democrats already are arguing for another stimulus package because the first Obama stimulus bill didn't do...
  • The Body as Billboard: Your Ad Here (NY Times article on new advertising revenue possibilities)

    02/20/2009 7:37:24 AM PST · by a fool in paradise · 12 replies · 622+ views
    NY Times ^ | February 17, 2009 | ANDREW ADAM NEWMAN
    TERRY GARDNER, a legal secretary in California, returned home from work recently to find two police officers waiting. They said her brother had told them he thought she might be having a breakdown because she had shaved her head. Ms. Gardner, 50, said in a telephone interview that she had told the officers that she was fine and had shaved her head for an advertising campaign by Air New Zealand, which had hired her to display a temporary tattoo. She turned around and showed them the message, written in henna on the back of her head: “Need A Change? Head...
  • McCain Not Letting Up On Ayers

    10/14/2008 10:27:52 AM PDT · by Retired Greyhound · 36 replies · 995+ views
    “This much is clear: Barack Obama and William Ayers were friends before that relationship became a political embarrassment for the Illinois Senator–Obama did pal around with a terrorist. According to his campaign, Barack Obama no longer believes Ayers has been rehabilitated. And William Ayers did target his own country. So what part of Governor’s Palin’s remarks are ‘beyond the pale.’ Perhaps Mr. Plouffe does not like Governor Palin’s inference that Barack Obama palled around with Ayers because Barack Obama has a different view of America than most of us. Yet the Obama campaign has offered no alternate explanation–they have not...