Nine Point Eight! Are You Convinced Yet?

“President Obama had scheduled a speech about the economy this morning, but instead he went to Afghanistan.”[1] No wonder. If I was president I wouldn’t want to be in the country today either.

Today the November labor market report was released. The, um, highlight was the unemployment rate: 9.8%. Corporate profits are soaring and the economy is growing, albeit slowly. So where are the jobs? Continue Reading →

The Health Care Bill: Disaster for the Economy

Despite the fiscal stimulus (much of which still remains unspent ), the U.S. economy will continue in recession through 2013. At best we can expect sluggish growth. The tax increases in the health care bill combined with the expiration of many of the Bush tax cuts in 2011 are two factors. Continue Reading →