Keyword: obozonomics

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  • Morning Bell: Obama Mocks Critics As Gas Prices Go Up

    03/23/2012 6:05:01 AM PDT · by IbJensen · 4 replies
    Heritage Foundation ^ | 3/22/2012 | Mike Brownfield
    As you drive America’s ribbon of highway, from California to the New York island, there’s one reality that can’t be escaped — gas prices keep going up, with no end in sight. But instead of taking action to bring relief to the American people, the Obama Administration is patting itself on the back for a job well done while mocking those who are calling for a commonsense energy policy. This week saw the highest average gas price ever recorded in March — a whopping $3.87 per gallon. That’s up 4 cents from over a week ago, and 30 cents more...
  • The January Jobs Are Statistical Artifacts (LIES)

    02/07/2012 5:33:56 AM PST · by IbJensen · 16 replies
    Personal Liberty ^ | 2/7/2012 | Paul Craig Roberts
    Last Friday, the U.S. Bureau of Labor Statistics reported that in the first month of this year 243,000 jobs were created and the unemployment rate fell to 8.3 percent. This good news is a mirage. It is due to faulty seasonal adjustments and to the BLS birth/death model. In a prolonged downturn, seasonal adjustments and the birth/death model produce nonexistent employment. The unadjusted data show a rise in the unemployment rate. The birth/death model, which estimates the net effect of jobs lost from business failures and jobs created by new start-ups, was designed for a normal growing economy, not for...
  • Solyndra solar plant closes; $535 million vanishes; Obama curse strikes again; UPDATE: Bankrupt

    09/01/2011 6:01:49 AM PDT · by IbJensen · 19 replies
    Pajamas Media ^ | 8/31/2011 | P J Tattler
    This ought to be the top story on every news outlet nationwide, and ought to be the death knell for the “Stimulus” concept and for the “green jobs” fallacy. But I get the feeling the MSM will bury it. When workers showed up at the Solyndra solar-panel factory in Fremont, California, this morning — they were ordered to leave by guards, and then given instructions on how to pick up their final checks. In other words, the dream is over: Solyndra Shutting Its Doors Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees...
  • As Price of Gas Hits Record, EPA Blocks Oil Drilling in Alaska

    04/26/2011 7:16:36 AM PDT · by IbJensen · 46 replies · 1+ views
    Right Side News ^ | 4/26/2011 | Mike Brownfield
    EPA Blocks Oil Drilling in Alaska There are an estimated 27 billion barrels of oil waiting to be tapped in the Arctic Ocean, off the coast of Alaska. But after spending five years and nearly $4 billion, Shell Oil Company has been forced to abandon its efforts to drill for oil in the region. (Related: 3 Inch Lizard May Shut Down Texas and New Mexico Oil and Gas Operations) With gas at $4 per gallon and higher, one might think that more oil would be a good thing. So what’s the road block? The Environmental Protection Agency. Fox News reports...
  • Going Broke: Treasury Down to $58.6B in Cash, $130.5B Borrowing Authority

    04/01/2011 5:34:39 AM PDT · by IbJensen · 18 replies
    Right Side News ^ | 3/30/2011 | Terence P Jeffrey
    (CNSNews.com) - Imagine that you had an average monthly income of about $170 balanced against average monthly expenses of about $940--and that you were more than $14,000 in debt. Then imagine that as of today, you had only $58.60 in cash left in your bank account and $130.50 left on your line of credit. Now multiply these numbers by 1 billion and you will have the up-to-date financial situation of the U.S. government. According to the Daily Treasury Statement released by the U.S. Treasury Department today at 4:00 p.m., the Treasury had $58.6 billion in cash in its accounts as...