Category Archives: economics
A Reminder About Who Pays US Income Taxes
I’ve said many times after the November 2016 elections that the only thing I wanted in 2017 from Trump and the Republican majority in the House and Senate was significant tax cuts. I would prefer a radical change to our … Continue reading
An Economic Opportunity Missed
If you look at the US GDP growth since 1947, you’ll notice that the recovery magnitude always matched the recession magnitude except for the last one. I’ve annotated the graph to show the recessions and recoveries in like color ellipses … Continue reading
US GDP Poised For Breakout
See the following graph for the US GDP % growth for the last 10 years: I’d say we have a good baseline of what an economy can do under intense government regulation and it’s nothing to write home about – … Continue reading
South Carolina Primary Predictions
I hope Rubio wins but I think Trump has too many supporters here to close the gap. Here are my predictions: Trump – 29% Rubio – 24% Cruz – 20% Bush – 11% Kasich – 11% Carlson – 5% … Continue reading
Free Market And The Price Of Oil
What in the heck is going on with the price of oil? The Economy Yes, the world economy is in the toilet right now so that has to be a big piece of this. But the world was going through … Continue reading
What Does The Left Consider A Fair Share?
As tax day looms in the US, the Wall-Street Journal has this great piece about how much of the US income tax burden is shouldered by the rich. Here are the two charts from the WSJ story and they used … Continue reading
No, The Economy Isn’t Doing Great
The Bureau of Labor Statistics (BLS) issued its October Jobs Report last week and the Unemployment Rate ticked down to 5.8%. But don’t get too giddy. As NPR reports, the economic metrics that matter most to Americans are still awaiting … Continue reading
The Changing Landscape For US Manufacturing
If you are one of those people who wish the US could return to the days when we had a strong manufacturing sector with millions of blue collar jobs then you are going to be disappointed. As I’ve written about … Continue reading
The Obamanomics Recovery Rolls On
The Bureau of Labor Statistics (BLS) issued the jobs report for August and it was not pretty. Only 142,000 jobs were added in August and the unemployment rate dropped slightly from 6.2% in July to 6.1%. The unemployment rate only … Continue reading
France Is Waking Up, The US Is Going To Sleep
It took a while but after years of socialistic economic policies, many political and business leaders in France are having a change of heart based on this NPR report: “ELEANOR BEARDSLEY: The major players of the French economy gathered this … Continue reading
Math Is Hard For Leftists – Part 1 Million
There is a post on the Leftist blog Crooks and Liars that gives new meaning to the website’s title. The post provides charts that will supposedly show your “Right-Wing brother” just how wrong he is about his claims that Obama … Continue reading
Why Do We Have A Skilled Labor Shortage?
There is a serious job skills crisis in America right now. From NPR: “It’s a problem of supply and demand: There is a massive construction boom right now but construction workers are few and far between.” “Largely fueled by the … Continue reading
Obama Has Owned the Economy For the Past Two Years
The Bureau of Economic Analysis (BEA) released the Q2 GDP results and the US economy grew by 4%. And of course Obama took the opportunity to claim ownership of this economy and state that this increase was because of his … Continue reading
Why Are Companies Hoarding Cash?
US companies are flush with cash reserves right now and some people are mystified as to why that is happening. “I think most CFOs would not admit they’ve hoarded too much cash,” says John Graham, finance professor at Duke University.” … Continue reading
Life Is Great In Socialist Cuba
There was a time when proclaiming to be a Socialist was like carrying a sign that said “Nobody should take me seriously” and people who did this were rightfully shamed. But now with the popularity of people like Elizabeth Warren … Continue reading
What Happens When The Minimum Wage Is Raised?
Economic theory tells us that when the fair market price for wages is artificially raised then businesses will raise the price of their good/services, cut back on expansion, reduce their work force and suffer with reduced profits. But we don’t … Continue reading
Chevy Volt Sales Still Suck
It’s been a rotten year for Government Motors and I’m pretty sure it’s now not just conservatives that are questioning the bailing out of this failure of a company. Especially since a new report shows a “history of failures” at … Continue reading
An Obamanomics Recovery Compared To Other Recoveries
Throughout the 20th Century the US experienced larger than normal GDP growth following the end of a recession and the magnitude of the recovery was roughly proportional to the magnitude of the recession but something has happened under Obama to … Continue reading
It’s Never Obama’s Fault
The US Q1 GDP growth was – 1.0% and this marked the first time the GDP has hit negative territory since Q1 of 2011. But as NPR reports, we mustn’t blame Obama for this. It’s The Weather “The first-quarter downturn … Continue reading
Is Manufacturing Making A Comeback?
Here is a graph contrasting the civilian unemployment rate and the unemployment rate for the manufacturing industry that may show signs of a small resurgence of manufacturing in the US. Prior to the last Great Recession, unemployment in the manufacturing … Continue reading
