Recession Hits Next Door

Canada is now officially acknowledged to be in recession. From AFP we read: “Canada officially enters recession.” Reeling from low oil prices, Canada fell into a recession in the first half of the year, government data confirmed Tuesday, putting Conservative Prime Minister Stephen Harper on the defensive in the run-up to October elections. According to Statistics Canada, the economy contracted 0.5 percent in the second quarter after retreating 0.8 percent in the previous three months. It Read more […]

Denying Theology Doesn’t Cancel Biology: Working Women Have a Harder Time Getting Pregnant

Working women whose jobs require more than forty hours a week take longer to conceive a child even when they are trying hard to do so. There is nothing ethically wrong with a woman working at a job for more than forty hours a week. Many women have no real choice. We all need income in order to live. But our society has tried to pretend that there are no costs to any choice that makes a woman more “empowered.” And while there is nothing wrong with working women, that doesn’t mean there aren’t Read more […]

Obamacare Spending Is Consuming the Economy

While GDP barely improved, Obamacare spending has exploded. As I mentioned recently, mainstream news outlets are admitting that the economy is grinding to a halt. A Washington Post article revealed that the economy only grew a fifth of a percentage point in the last quarter. The gross domestic product grew between January and March at an annualized rate of 0.2 percent, the U.S. Commerce Department said, adding to the picture of an economy braking sharply after accelerating for much of last year. Read more […]

Economy Grinding to a Halt

New reports show an economy grinding down to nearly a full stop in growth. How soon until we get recession? It has been about a month since I posted about how mainstream sources are admitting that “the economy is sinking.” In that month, the situation has only gotten worse. Here’s the Washington Post headline: “U.S. economic growth slows to 0.2 percent, grinding nearly to a halt.” The U.S. economy ground nearly to a halt in the first three months of the year, according to government Read more […]

Obamacare Taxes Are Going to Cost $800 Billion over a Decade

In the period 2013-2022 Obamacare taxes (18 of them) are going to shake down taxpayers for almost a trillion dollars You know, every time you hear about the necessary and much-promised Obamacare subsidies, that someone must be forced to pay a boatload of money to pay for them. Of course, in terms of debt, I wouldn’t be surprised if much of it is going to our children on the supposition that they will pay for it in taxes (wrong: they will pay for it by going through a devastating financial collapse, Read more […]

More Surprised Economists, More Bad Economic News

Once again we are told of “unexpected” bad economic news. As I have already pointed out, the media is constantly telling us that we should be surprised by the most obvious developments in the economy. They almost always give us rosy predictions and then are shocked by bad economic news. The media never allows these failed predictions to be considered as evidence that our economists are a bunch of regime propagandists trying to build up confidence in the economy for the sake of the regime. Read more […]

Finally Admitted: The Economy Is Sinking

The “experts” have finally admitted that the Obama recovery isn’t really happening. We have been hearing for months now about how the economy has “finally turned around.” We knew in our hearts that wasn’t true. And now the economic indicators have officially caught up. [See also, “American Economy ‘Unexpectedly’ Bad.”] CNBC reports, “New data show US economy stalled in first quarter.” The U.S. economy may have stalled in the first quarter. CNBC Rapid Update, Read more […]

More Evidence that the Federal Reserve Is Failing

If you walked the streets, asking citizens the purpose of the Federal Reserve, my guess is that in any place other than a major financial district, not one-in-a-hundred people could tell you. Probably not one-in-a-thousand. If I told you the Fed wasn’t even accomplishing what it was allegedly created to do—arguably making things worse—yet it was enriching and empowering bankers like those who lobbied to create the Fed 100 years ago, would it be a surprise? Consider this paper from the Heritage Read more […]

American Workers Impoverished During “Recovery”

Politicians don’t care about American workers impoverished by their policies. If it seems like it gets harder and harder each year to make ends meet… that’s because it is. There is still opportunity out there, but government regulation (Obamacare, other cartel-protecting legislation, etc.), overseas adventurism (military and foreign “aid”—a.k.a. bribes) and profligate waste (that $40-million the President has “invested” for his vacations so far comes from us) put a larger and larger burden Read more […]

More Proof Recessions Affect Birth Rate

Several sources have shown that, as the economy tanks, the birth rate also sinks. A new study not only confirms this, but suggests that a substantial number of women will never have a baby due to the pressure of the recession. An Associated Press story was posted by Breitbart.com under the headline: “Study: Recessions Can Postpone Motherhood Forever.” A massive new study suggests that for some U.S. women, living through a recession can mean they will never have children. In fact, the Read more […]

Keynesian Economist Admits It’s a Depression

You know things have gotten really bad when a Keynesian economist starts talking truth. UC Berkeley economics professor J. Brad DeLong, a deputy assistant U.S. Treasury secretary under President Clinton, has published an opinion piece in which he calls on his fellow Keynesians to stop trying to cover up the truth and start labeling our ongoing economic problems as what they really are: a depression. The dreaded “D-word.” Keynesian economists are usually the last people to call things what Read more […]

Try Telling Recent College Graduates That We Are No Longer in a Recession!

They probably won’t believe you. We know from a lot of different stories and reports that college graduates are hurting, with unprecedented numbers moving back to live with their parents. Now the San Francisco Federal Reserve has released an “Economic Letter” reporting that wage growth for recent college graduates is especially slow.  According to the Wall Street Journal, the “median weekly earnings” of college graduates with fulltime jobs rose 5.9 percent from 2007 to 2014, while the Read more […]