Economics
Markets, financials, deficits, spending – there’s got to be good in the mix somewhere.
Obama, you are done
A president who has lost the confidence of the American people blamed everyone but himself for the problems of the nation. He dared lecture the Supreme Court on jurisprudence, complained about Senate procedure (which he himself operated within and benefitted from) and then pointed the finger of blame (yet again) at his predecessor. The...
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It’s the jobs, stupid
10.0% unemployment is never a good thing.
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It’s still the economy, stupid
About that recovery, Mr. President:
The Bureau of Labor Statistics found that mass layoff events, where a single employer lays off 50 or more employees, increased 24.7% from July, by far a high for this year. Initial jobless claims also hit a high, giving an indication that the economy is far from recovery.
via Hot...
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Rent and Taxes in the City of Austin
Seemingly related stories out of Austin that exemplify the “Let Them Eat Cake” mentality in our elected leaders:
The Austin City Council decided this morning to cut the rents for Austin Java and Fit City, two businesses that lease space on the first floor of City Hall.
As we explained in a story this morning, Austin...
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WSJ talks to Perry: fiscal propriety why TX rocks
The Rick pontificates on Palin, Ahnold, and that choade Voinovich. It’s a good read, and illustrates that being pro-business draws good results.
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Wanna get away? $2 trillion deficit adjustment as Obama heads to Martha’s Vineyard
From Politico comes this stunning bit of Friday afternoon news, as the first family heads to posh Martha’s Vineyard for a week:
The White House is likely to dramatically increase its projected 10-year budget deficit estimate next week by nearly $2 trillion, senior administration officials said Friday.
Obama administration officials have concluded the economy was much...
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What economic recovery?
How will Gibbs spin this:
More than one in every eight homeowners with a mortgage was behind on home loan payments or in some stage of foreclosure at the end of the second quarter, as mounting unemployment aggravated the housing crisis, the Mortgage Bankers Association said on Thursday.
The percentage of loans that were in foreclosure...
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Line by line, it’s now Obama’s
It’s time for him to own the problem, line by line, if you will. More nice graphics by gunzip here.
It’s a cool take on the CBO’s graph you can see here.
(tip of the hat to Glenn Reynolds)
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