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Economy Archives

How in the world does this statement make any sense: @markknoller Administration is taking heat, even from Congressional Democrats, that stimulus money not being spent fast enough to create jobs. I just love the way that they shift blame. We […]

That’s the highest number since 1983. We lost 467,000 non-farm jobs in June which was worse than analysts had predicated. The average working week is 33 hours, that’s the shortest week since the Labor Department started keeping track (1964). And […]

Wow! Isn’t this a grand day when lefties and the rightwing can get together to defeat a bill? Doesn’t it make you want to join hands and sing “Kumbaya?” Of course we want it defeated for entirely different reasons but […]

We are going to pay more for not only energy but for everything we buy. All of these cost will be passed to us, making China’s products even cheaper than they are now. This bill will mean further reduction in […]

Gibbs response to Bush’s criticism of Obama’s policies are a bit of a non sequitur: Responding to criticism from former President George W. Bush, White House press secretary Robert Gibbs said President Obama’s victory last year was a repudiation of […]

Since he hasn’t created the jobs he promised if his stimulus plan was passed, why should we believe him now? In fact he promised that unemployment wouldn’t raise above and here it is at 9.4 and we’ve lost 1.6 million […]

The Chinese will be driving in Hummers while we’ll be driving tin cans! General Motors has reached a preliminary agreement for the sale of its Hummer brand of large sport utility vehicles and pickup trucks to a machinery company in […]

He tries to reassure an audience of Chinese students that their investments are safe and they laugh at him! U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and […]

Back from the brink? And yet we had the biggest drop in tax revenue since 1981: Federal tax revenue plunged $138 billion, or 34%, in April vs. a year ago — the biggest April drop since 1981, a study released […]

This man is either clueless or is so on message that he’ll answer any question with “health care costs:” SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out […]