The only time I really have issues with Walmart is when they use the machinery of government to their advantage. They supported the ACA, for example, because it would benefit them. They’ve support eminent domain seizures in the past. Other than that, however, I really don’t understand the Walmart hatred. They provide cheaper products to the poor and middle class thanks to the economy of scale. They are known to hire people with little job … Read more
Tag Archive: Unemployment
The initial numbers for 2012 Q4 show the economy shrank at 0.1%. Are we entering a double-dip recession? Ed Morrissey breaks the numbers down a bit:
In other words, much of this drop seems to be a lack of inventory expansion. Real final sales to end purchasers rose, even if it didn’t go up by much. That would indicate that inventory expansion in Q3 and prior periods was based on overly-optimistic views of the economy.
I remember last year replying to one of Muirgeo’s mindless rants about unemployment ( I kept my dealings with him at a minimum, deducing early on the pointlessness of the endeavor) that the unemployment problem could be solved very easily. Using Americorp or something similar the federal government could fund a program where anybody that wanted a job would be hired at $25 bucks an hour (probably the sum necessary to get the real slackers … Read more
OK. So yesterday, Obama said this in an economy speech. I’ll give the entire quote so you don’t think it’s out of context:
We’ve created 4.3 million jobs over the past 27 months. The private sector is doing fine. Where we’re seeing problems is with state and local government, often with cuts initiated by governors or mayors who are not getting the kind of help they’re accustomed to from the federal government.
(Aside before I … Read more
You remember the housing bubble, yes? One version of that narrative goes like so: homeowners are better off financially than renters; therefore we decided it would benefit the economy to subsidize housing through cheap loans, mandates, low interest rates, etc. — the “ownership society”; this mainly served to inflate housing prices and saddle millions of Americans with unaffordable debts; in 2008, it blew up in our faces to the tune of trillions of dollars.
I … Read more
The stock market seems to be pretending that the economy is doing good, but people are not buying this bullshit:
With the Dow Jones Industrial Average moving past 13,000 toward pre-financial-crisis highs, the conventional wisdom is that the stock markets expect a robust economy soon — just what President Obama needs to guarantee his re-election this fall.
Not so fast.
Yes, the economy may be improving after its anemic growth in 2011, which is
Something about the U.S. economy isn’t adding up.
At 8.3%, the unemployment rate has fallen 0.7 percentage point from a year earlier and is down 1.7 percentage points from a peak of 10% in October 2009. Many other measures of the job market are improving. Companies have expanded payrolls by more than 200,000 a month for the past three months, according to
While this news comes as no surprise to me, I wonder how many are actually getting it. Especially with the LSM constantly lying about recovery being right around the bend or happening. But the indisputable fact is that some of the people that where the most smitten with the collectivist community organizer and his message of “Hope & Change” now are the ones suffering the most from the politics that flow from those beliefs and … Read more
As of tonight, I am on the other side of the world. Actually, most people would say I blog like someone on from a completely different world. But in this case, it’s literally true: I’m back in Australia. As a result of preparations and travel, I’ve missed the biggest news stories of the week. So I’ll go through them quickly in a weekend roundup form to hopefully start a few (well-reasoned) fights.
First, Indiana … Read more