A “Recovery” in Which Baby Boomers are Borrowing from Their 401(k)s?

Baby boomers and others are suffering financial setbacks that cause them to take desperate action. Money Magazine at Time.com wants to warn you about the financial damage you do by taking a premature withdrawal from your retirement account: “Why Millions of Americans Are Raiding Their Retirement Savings.” So why are they? For a headline that promises an answer, the article is rather vague. It certainly can’t be the economy because we’re in the middle of a “recovery” right? So they Read more […]

You Are Not the Only One Who Can’t Make Ends Meet

The majority of Americans can’t make ends meet. Bob Allen shared a message with me that you might relate to: If it seems like you always have more month left at the end of each paycheck… you’re not alone. The trend is not the nation’s friend, no matter how often the government and financial television lie about the glorious “economic recovery.” Thanks to Congress, the economy has only recovered for the top five to ten percent of households, and the rest… are scrambling just to survive. He 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 […]

White House Gets Ready to Blame GOP for Economy

President Obama makes statements that set him up to blame GOP for the lousy economy that he hasn’t fixed. For years and years we heard that the economy was all Bush’s fault (even while the Obama Administration doubled down on his worst policies, like stimulus and money-printing). Now, the Democrats have started boasting about this late, weak, and frail so-called “recovery” and acting like it is an impressive accomplishment. Think about it hypothetically. What would you do if you Read more […]

Recovery Delivers Sinking Wages for Younger Workers

Millennials are experiencing sinking wages across almost every industry. So we keep hearing about this “recovery” that is going on. Even in an article about descending wages, the writer rehearses the standard line. The evaporation of real wages for young Americans is a real mystery because it’s coinciding with what is otherwise a real recovery. The economy has been growing steadily since 2009. We’re adding 200,000 jobs a month in 2014. That’s what a recovery looks like. And yet, overall 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 […]

Bush-Obama Economy Leaves Children Unable to Grow Up, Leave Home

While this story has been reported many times in the alternative press, the mainstream press is finally noticing. This recovery-less “recovery” is not working out like other recoveries have worked in the past. Rather than get an education and then start a new career and household, kids are living with their parents. In many cases I think they are getting that education and then moving back home with a great debt load due to student loans. The L.A. Times headline blares, “Big jump in number Read more […]

Fed Policy Consuming Our Young; Obamacare Helps Chew Them Up

Supposedly, the Fed is doing “all it can” to “get the economy moving.” But because all political contrivances can do is move wealth around, rather than produce real wealth, any “good” done by the Federal Reserve must come from somewhere else. Thus, the St. Louis Fed reports: The average young family—which we define as a single- or multi-person family unit headed by someone under 40—has recovered only about one-third of the wealth it lost during the financial crisis and recession. Read more […]

On The Road Again… Not So Much In 2013… Or 2012…

One of the great parts of American identity since at least World War II and probably earlier has been the ability to travel. America, being a broad and vast country, was transformed like few others by the invention of the automobile. The frontier traveling of our history became the road treks down Route 66. Some of our distinctively American literature has been written around the ideal of simply driving and exploring the country from coast to coast. This was a sign of our prosperity as well as Read more […]

Small Town America Dying From Recessions, Heroin, Depopulation; But Media Not Curious About Causes

The headline looks like it is ready to go all Marxist on the readers: “Reinventing the Dwindling Middle Class May Take A Revolution.” But the content of the radio news report didn’t match it. It was just sad story about a journalist returning to her hometown of Lincoln, Illinois and noticing the changes. It turns out that what’s happening in Lincoln is happening in so many towns and communities across the country: As we recover from the Great Recession, jobs are coming back. But they are not Read more […]

Obama’s Economic Recovery Results in More Store Closings

The Obama administration has been trying to convince us for the past couple of months that the economy is recovering.  One of the signs of a recovering economy is consumer spending.  Increased consumer spending generally means that retailers begin to see more sales and business is improving. However, that’s not the case with many major retail chains.  In fact, they continue to see poor sales figures and loss of profits.  Last year, J.C. Penny Co. saw quarterly losses of 26% compared to the Read more […]

Obama’s FEMA Success Story: STILL No Power

Here we are, in the dead chill of one of the coldest and windiest winters in recent memory, more than three full months after Hurricane Sandy made landfall in New Jersey and New York, and there are still people living in those states without power. I learned of this from a report by New York’s local Fox News affiliate: “For months Donna Graziano has been traveling from Bay Ridge, Brooklyn, to Staten Island every day to provide a tent with heaters and food to folks in New Dorp Beach who are Read more […]