Unemployment 8.1% as More Give Up Looking for Work »

The nation’s most recent jobs report disappointed again with an anemic 96,000 new jobs added in August. Just to keep up with population growth, the economy would need to add more than 130,000 jobs per month. The report estimates an 8.1 unemployment rate for August. “This is definitely a setback for the labor market and the economy,” said Michael Feroli, chief U.S. economist at JP Morgan Chase and a former …

America's Embarassing Energy Debacle »

by George C. Landrith

President Barack Obama has been criticized by both supporters and critics for making and then breaking too many campaign promises. Whether it was closing Guantanamo, ending the wars in Afghanistan and Iraq, allowing five days of public debate before signing legislation, slashing earmarks, or permitting no tax increases on those earning less than $250,000, President Obama has fallen far short of his promises. But there is …

Does anyone really understand what $16 trillion is? »

$16 TRILLION is an astronomical number. If you were to count from 1 to 1 million without stopping (assuming about 1 second per number on average), it would take about 12 days. If you were to count to 1 billion, it would take about 32 years. And if you were to count to 1 trillion, it would take about 31,710 years. And to count out the dollars of our current …

Obamanomics is not working »

by George Landrith

Barack Obama is nearing the fourth year of his presidency and the economy continues to languish as evidenced by the fact that the unemployment rate “unexpectedly” shot back up and has been above 8 percent for his entire presidency.  The truth is there is nothing “unexpected” about our current economic woes.  In fact, for those who understand the fundamentals of economics, the current high unemployment rates are …