Of the three major economic and financial developments of the past week two could be viewed positively, while one falls into the “wait and see” camp. First up, American job creation was better than expected during the month of October. In addition, employment data of the two prior months was revised to be less ugly. [...]
Archive of posts tagged President Obama
Next Week
On the morning of Wednesday, November 3, 2010, literally tens of thousands of political writers, economists, lobbyists, soothsayers and bloggers will be providing their own “instant analysis” of what transpired politically the prior day. Some are likely to suffer major disappointments, while others will possibly see the benefits of a new beginning in Washington DC [...]
Steroid Failure
One more time around the dismal American job creation track as employment data continues to disappoint. The combination of massive government spending and unprecedented monetary stimulus has largely failed to ignite the economy Too bad such economic “steroids” have been packaged with the Administration’s anti-business rhetoric and actions of the past two years. The weak [...]
“Obamacare” Comparisons
Supporters of America’s move toward a government-controlled health care system frequently make reference to similar “successful” programs in other nations. A glimpse at three such national programs seems timely… Canada A recent Reuters headline noted, “Soaring Costs Force Canada to Reassess Health Model.” The article notes that with pressure from an aging population and the [...]
Eat Pray Love
One of the painful realities of life as an economist and professional speaker is that the subject matter of economics is typically viewed (with good reason!) by the general public as confusing, intimidating, and boring. As a result, trying to present weekly economic and financial information with an unusual twist can occasionally be a most [...]
Message in a Ballot
Anger in America…repudiation…sending a message…wrong direction All of these are appropriate in regard to the shellacking the Democrats took in Massachusetts…and figuratively across the nation…in Tuesday’s special Senatorial election in the Bay State. Imagine…the Senatorial seat of Ted Kennedy for 46 years, a political icon in the Commonwealth of Massachusetts, now to be held by [...]
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