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economic growth

Cartoon by Branco satirizing Krugman and Democrat tax cut positions.

Delusional Paul Krugman ignores the effects of Trump tax cuts

WASHINGTON, October 29, 2017 – In a recent New York Times column, Nobel Prize-winning economist Paul Krugman said that President Trump’s proposed tax cut is “gift to rich foreigners.” Maybe Krugman doesn’t understand the effects that broad-based tax cuts have on the economy and on the middle class. Usually, if Krugman can be objective, he ...

Hope and change: The Obama/Clinton economy continues to stagnate

WASHINGTON, July 29, 2016 — The Bureau of Economic Analysis has just released figures for economic growth for the second quarter of 2016. The economy grew at a 1.2 percent rate. First-quarter growth was revised downward to 0.8 percent. At a time when the economy needs 4 percent or better growth, the policies of President ...

Global GDP growth: Economic snapshot of China, Japan and U.S.

WASHINGTON, May 26, 2016 — The World Bank’s 2016 global economic growth predictions estimate a slower rate of increase than what was previously forecast. The bank currently estimates 2016 global growth at approximately 2.9 percent. Combinations of less than anticipated growth in two of the world’s largest economies, China and the U.S., curbed these global ...

October jobs report was not bad, but not great either

WASHINGTON, Nov. 9, 2015 − On Friday the Bureau of Labor Statistics (BLS) reported that the economy added 271,000 jobs in October. That easily beat official forecasts, and major news outlets, like the New York Times, called this a sign of a “surprisingly robust” job market. The NYT also asserted that the implied economic growth ...

Trump dominates Sunday talk shows

Donald Trump was the lead interview on both NBC's Meet the Press and ABC's This Week and defended his tax plan as he called for a detailed program of economic growth of at least 4%.

U.S. markets remain positive despite Iran, poor growth

WASHINGTON, July 14, 2015 – Going into the final hour of trading Tuesday, it seems like a fairly decent environment on Wall Street. The problem is, this week’s Era of Good Feelings has a temporary feel about it. Averages continue to go up despite poor U.S. retail sales figures. The allegedly-solved Grexit dilemma is still not ...

Obama’s America not a land of opportunity, but of stagnation

WASHINGTON, June 25, 2014 — The Commerce Department announced today that the American economy shrank in the first quarter of 2014 at an annual rate of 2.9 percent. This was worse than had been previously reported, and far worse than could be blamed on bad winter weather. America has traditionally been the land of opportunity. The ...

Obama’s freeloaders, Obamacare, put a drag on economic growth

WASHINGTON, February 18, 2014 — The Obama Administration is now, according to President Obama’s own spokesmen, in the business of giving people a reason not to work, to instead pursue their dreams, whatever those may be. Hence the 2.5 million jobs that are essentially erased by Obamacare, according to the Congressional Budget Office, are not a ...

CBO: Obama’s policies will slow economic growth over the next decade

WASHINGTON, February 4, 2014 – The Congressional Budget Office (CBO), a nonpartisan federal agency that provides economic data to Congress, just released a report on the federal budget and the economic outlook for the U.S. It essentially says that the economy is in worse shape than forecasters thought, primarily because of expected slower growth. While ...