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economy

Obama is the main obstacle to economic growth

Donald Lambro,  WASHINGTON — No matter what President Obama said about the state of our union Tuesday night, the economy’s prognosis is not good. Who says so? A hefty majority of the American people in a new Washington Post/ABC News poll that sought their opinion about the economy’s health. Roughly six in 10 said it […] Read More →

Obama Calls for Closing U.S. Income Gap

 U.S. President Barack Obama declared the U.S. economy healed and said the nation now must begin work to close the gap between the well-off and the wanting. “Tonight we turn the page,” Obama said in his sixth annual State of the Union address. “We have risen from recession freer to write our own future than […] Read More →

IMF Lowers Global Growth Forecast by Most in Three Years

imf
The IMF made the steepest cut to its global-growth outlook in three years, with diminished expectations almost everywhere except the U.S. more than offsetting the boost to expansion from lower oil prices. The world economy will grow 3.5 percent in 2015, down from the 3.8 percent pace projected in October, the International Monetary Fund said […] Read More →

France’s Other Problem — Job-Killing Economics

Larry Elder,  Islamic terrorists slaughtered 17 innocents in Paris in an attack described as “France’s 9/11.” The two terrorist suspects at the satirical newspaper massacre are brothers, born and raised in France, children of parents who emigrated from Algeria. Some blame France’s failure to “assimilate” Muslim youth on their attraction to violent jihad. While almost […] Read More →

U.S. Retakes the Helm of the Global Economy

 The U.S. is back in the driver’s seat of the global economy after 15 years of watching China and emerging markets take the lead. The world’s biggest economy will expand by 3.2 percent or more this year, its best performance since at least 2005, as an improving job market leads to stepped-up consumer spending, according […] Read More →

Obama to Talk Broadband Access, Cybersecurity Next Week

Fresh from unveiling plans to spur homeownership and make community college free, President Barack Obama will next highlight proposals to boost broadband access, improve cybersecurity and tackle identity theft. Obama will discuss an initiative to improve consumer and student privacy on Monday, and visit the federal cybersecurity center on Tuesday. He plans to travel to […] Read More →

Has the Economy Grown, or Just the Government?

Mike Shedlock,    I received an interesting question from reader Michael yesterday. Michael asked “Did the Real Economy, Not Counting Government, Expand in Last 20 Years?” Reader Michael did not think so. Take a moment before reading further to think about how I might answer and how John Williams at Shadowstats might answer. My Response […] Read More →