Hmmm. A month ago, we (zerohedge.com) joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by... Read more
Archive for the ‘Socialism’ Category
Record 1.2 Million People Fall Out Of Labor Force
February 3 | Posted by mrossol | Economics, Obama, SocialismEurope Now Doubts That Greece Can Embrace Reform
January 16 | Posted by mrossol | Debt, Economics, SocialismThe US is on this same highway, aren’t we? No one is willing to say, and no one wants to hear the truth. =============== ATHENS — As Greece and its lenders prepare for another week of tense negotiations, European officials now say that the task is less to help the country through its troubles than to avoid the sort of uncontrolled default... Read more
The Death of Europe? – Mauldin
January 15 | Posted by mrossol | American Thought, Debt, Economics, Socialism, The LeftJohn Mauldin- to whom I was introduced by my son Mark -writes one of the best financial analysis weekly articles I know of . The unnerving thing about this article is that the USA is on the same “highway” as Europe. And your president keeps wanting to step on the gas. (I’ll see if I can get the graphs added). ======= One... Read more
How Stimulus Spending Ruined Buffalo
January 15 | Posted by mrossol | Economics, Liberal Press, Party Politics, Socialism, The LeftWhat? WHAT am I missing? ============ By STEVEN MALANGA Why do cities like Buffalo decline, and what role should government play in promoting recovery? In his State of the State Address this month, New York Gov. Andrew Cuomo announced $1 billion in incentives to attract new investment to the beleaguered city by Lake Erie. “We believe in Buffalo,” he said, “and we’ll put our... Read more
Advice to OSW parents
November 13 | Posted by mrossol | American Thought, Socialism, The Left[Pretty good. I did not confirm all the writer’s “facts”, but sense she is pretty close.] Marybeth Hicks, a wife of more than 20 years and mother of four children, lives in the Midwest . She uses her column to share her perspective on issues and experiences that shape families nationwide. ===== By Marybeth Hicks Call it an occupational hazard, but I can’t look... Read more
The Phony Success of China’s Stimulus
October 27 | Posted by mrossol | American Thought, Economics, SocialismThese are the folks Europeans hope will come to their rescue… ============= By JOSEPH STERNBERG Among the many myths surrounding China’s economy, the biggest relates to how Beijing averted a recession after the global financial crisis. The government was quick out of the gate with a stimulus program running to the trillions of dollars, and growth in gross domestic product (GDP) didn’t dip... Read more
