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The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

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Dick Morris Reports: Consumer Confidence Collapses

Posted on March 15, 2011

If you want to know what is going on with the economy today, Dick Morris has a very good explanation here. Dick Morris was the political strategist for Bill Clinton for many years. Speaking of the former President, Bill Clinton seems to have had enough. He is openly criticizing Obama’s mis-steps with the economy, especially the illegal […]

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Posted in Chuck Norton, Economics 101, Obama and Congress Post Inaugration | Leave a Comment »

Housing Down Again 11%, Consumer Confidence Down, Underemployment Up, Elite Media “Surprised” Yet Again that Unemployment Claims Rise..

Posted on February 25, 2010

You have seen most of the press spin on how great the economic recovery is. The AP, at least online pointed out that the 5.7% GDP growth really wasn’t a turn around in the economy and I explained why that was. Now the evidence is in and once again the numbers show that our analysis […]

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Posted in 2012, Chuck Norton, Economics 101, Journalism Is Dead, Obama and Congress Post Inaugration | Leave a Comment »

November: Durable Goods orders drop 1.3%, Consumer Spending up .4%, Savings down to 5.3%, Capital Goods down 6.8%

Posted on December 29, 2010

Welcome to our flat-lining economy. Up a little here, down a little there. Some numbers creeping up for a few months to flat-line again. This is what regulatory uncertainty, a loss of confidence and even fear of over reaching government does to an economy. Bloomberg: New orders for manufactured durable goods in November decreased $2.6 billion […]

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Posted in 2012, Chuck Norton, Economics 101, Palin Truth Squad | 1 Comment »

Obama Policies Failing: Sinking Stats Tell Story

Posted on June 15, 2011

Central planning of an economy doesn’t work in large, diverse, environments, and works poorly in small homo-genius societies (Greece, Spain, Portugal all collapsing). Government spending does not create wealth and in only limited circumstances does it have a long term positive impact with a high velocity of money. Politicians do not spend money on the greatest needs […]

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Posted in Chuck Norton, Click & Learn, Corporatism, Economics 101 | 1 Comment »

Gallup says unemployment UP to 10.3% – Obama says unemployment down to 8.9% – Who to believe?

Posted on March 7, 2011

Well the presidential election season starts in two months. UPDATE – Question answered. First time unemployment claims are up 26,000 to 397,000 – LINK. UPDATE II – Dick Morris comes out with the same analysis, two weeks later :) LINK. Bloomberg financial says that unemployment unexpectedly fell to 8.9% according to the Obama Administration – LINK. Investors.com says that job […]

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Posted in 2012, Chuck Norton, Economics 101 | Leave a Comment »

“Summer of Recovery” Economic News Roundup! – UPDATED!

Posted on October 13, 2010

Stay tuned – more updates coming to this post soon! The White House told us this would be the “Summer of Recovery” so how did it go? The elite media has been telling us that each and every month of woeful economic news has been “unexpected” or a “surprise” since shortly after Obama took power. Finally the […]

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Posted in 2012, Chuck Norton, Corporatism, Economics 101, Energy & Taxes, Is the cost of government high enough yet?, Obama and Congress Post Inaugration | 1 Comment »

Watch New White House Economic Chair Try to Spin Chris Wallace on “Recovery Summer”

Posted on September 13, 2010

At least Austan Goolsbee admits that unemployment will stay high, but that is where the directional truth from him ends. GOOLSBEE: But I don’t think the unemployment rate will be coming down significantly anytime in the near future. Political communication needs to be what I call “directionally accurate” that means that it cannot attempt to create a false […]

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Posted in 2012, Campus Freedom, Indoctrination & Censorship, Chuck Norton, Economics 101, Energy & Taxes, Mortgage Crisis, Obama and Congress Post Inaugration, True Talking Points | 1 Comment »

Administration playing games with unemployment rate; elite media covering for them. BIG UPDATE!

Posted on May 18, 2010

We have seen it in the news, the unemployment rate went up to 9.9% from 9.7, ain’t this recovery grand? The pretzel like mental hoops the elite media has been going through for a year telling us how great the recovery is has most people just laughing at them. In story after story month after […]

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Posted in 2012, Chuck Norton, Economics 101, Journalism Is Dead, Obama and Congress Post Inaugration | 1 Comment »

Elite Media: Job Losses “Unexpectedly” High Again for how many months now?

Posted on April 13, 2010

Many bloggers are poking fun at the elite media’s desperate attempt to spin bad economic news good while Democrats hold power, just as they often spun good economic news bad while Republicans were in power. Here we have the elite media’s favorite word “unexpectedly” in regards to bad news, this word is followed in a close […]

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Posted in 2012, Chuck Norton, Economics 101, Journalism Is Dead, Obama and Congress Post Inaugration | Leave a Comment »

U.S. Claim of 3.5% Economic Growth is Smoke and Mirrors – UPDATED!

Posted on October 30, 2009

The elite media is euphoric, saying the Obama stimulus package worked and we had 3.5% economic growth this quarter! Unfortunately when I explain to you how the U.S. Government comes up with that number you are going to realize why the CBO likely never has an accurate forecast and why most economists are worse than […]

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Posted in 2012, Campus Freedom, Indoctrination & Censorship, Chuck Norton, Economics 101, Obama and Congress Post Inaugration | 1 Comment »

Obama blew it on unemployment. Now at 26 year high….

Posted on September 7, 2009

The Obama Administration shouted from the rooftops that their stimulus plan was the only thing that would keep unemployment from rising above 8%. Of course that figure was blown away months ago. Yesterday the Labor Department Bureau of Labor Statistics (BLS) released their August unemployment data. The Wall Street Journal summarized the data in their article: […]

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Posted in 2012, Chuck Norton, Corporatism, Economics 101, Obama and Congress Post Inaugration | Leave a Comment »

Bear market recovery – economy stalling again.

Posted on July 1, 2009

After a big crash many stocks and investments are left undervalued and people will buy, so some aspects of the economy as a result perk up, but eventually the “recovery” stalls and stocks fall again, hence the term “bear market recovery”. Yahoo Finance: U.S. consumer confidence took an unexpectedly steep slide in June, figures released […]

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Posted in Economics 101, Obama and Congress Post Inaugration | Leave a Comment »

The Democrats Were Right

Posted on April 4, 2009

By unknown author via email: I hate to admit it. My Democrat liberal friends were right. They told me if I voted for McCain, all sorts of bad things would happen. Well, I voted for McCain anyway . . . and they were right.They told me if I voted for McCain, the nation’s hope would […]

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Posted in Campaign 2008, Chuck Norton, Obama and Congress Post Inaugration | Leave a Comment »

Is the Bail-out mismanagement just a way to nationalize the banks? – UPDATED!

Posted on March 22, 2009

This author is not big on conspiracy theories so it is not our intention to create one. With that said we have been lied to very deliberately about the bailouts while obvious ways to help alleviate the problem are being passed up. People are suffering and there is no honest reason for it. If one […]

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Posted in 2012, Chuck Norton, Government Gone Wild, Mortgage Crisis, Obama and Congress Post Inaugration | 3 Comments »

Econ Professor Blasts Obama for Dishonest Rhetoric

Posted on February 16, 2009

Professor Brad Schiller from the University of Nevada blasts Obama for being dishonest about the economy. Forunately Schiller is in a business and economics department and not in a liberal arts department or social work department or writing this might harm his career. Obama’s Rhetoric Is the Real ‘Catastrophe’ In 1932, automobile production shriveled by 90%. […]

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Posted in Government Gone Wild, Obama and Congress Post Inaugration | 1 Comment »

Awesome: Informative and Entertaining Stimulus Video

Posted on February 11, 2009

I loved it, so will you. – This video also tells you step by step – in a fun way, how to fix the housing industry. Any good student of economics can tell you how to do it, so why isn’t Washington even addressing it seriously? When there are a ton of foreclosures, too much […]

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Posted in Chuck Norton, Government Gone Wild, Mortgage Crisis, Obama and Congress Post Inaugration | Leave a Comment »

When libs (or libertarians) strike, here is a concise economic argument for the GOP program.

Posted on June 9, 2011

The title as well as some of the commentary below is from Dr. Robert Schneider.  Schneider has been an important figure in American foreign policy and global security during the Reagan and Bush 41 years. Dr. Schneider and myself enjoyed a great conversation about the following article with another CEO/economist from out West. [I have […]

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Posted in 2012, Chuck Norton, Click & Learn, Economics 101, Republican Brand, True Talking Points | Leave a Comment »

Factory Orders Drop; New Home Sales Drop 16.9%; Elite Media Shocked (again)

Posted on March 26, 2011

Big Government: Once again, the headline on a financial story reads: unexpectedly. At what point do we conclude the economists relied upon for these projections are worthless, as they never appear to expect what’s going to happen? US factory orders drop unexpectedly Lower demand for machinery and defense equipment prompted a fall in US factory orders […]

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Posted in 2012, Chuck Norton, Economics 101 | Leave a Comment »

Obama’s own Medicare Actuary more confident in Paul Ryan’s ‘Road Map’ cost controls than Obama’s health law

Posted on January 26, 2011

Daily Caller: The government’s chief actuary for Medicare spending on Wednesday said he had more confidence that Republican Paul Ryan’s plan to reform entitlements would drive down health-care costs than President Obama’s recently passed overhaul. Richard S. Foster, the chief actuary of the Centers for Medicare and Medicaid Services, made the comment in response to […]

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Posted in 2012, Chuck Norton, Health Law | Leave a Comment »

AEI Study: Elite Media Spins Economic News Positive when Democrats in Power, Negative When Republicans in Power

Posted on December 28, 2010

To those who pay attention the headline above is no surprise whatsoever. The study completed in 2004 is still bearing out as we and other bloggers have pointed out for almost two years how the elite media spun the bad economic news positive telling us that “most economists” thought that the stimulus package would help much more than […]

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Posted in 2012, Campus Freedom, Indoctrination & Censorship, Chuck Norton, Economics 101, Journalism Is Dead | Leave a Comment »

Univ of Maryland survey on Fox News makes us ponder who is more dishonest, leftist academics or elite media journalists – UPDATED

Posted on December 18, 2010

First the news, then the analysis… [and see the update below!] UPDATE IV Breaking! – Famed Economist Dr. John Lott dissects fraudulent University of Maryland “study” on Fox News Via The Blaze – The University of Maryland released a study claiming that regular viewers of Fox News are the “most misinformed” when it comes to knowledge of […]

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Posted in 2012, Academic Misconduct, Campus Freedom, Indoctrination & Censorship, Chuck Norton, Dirty Tricks, Journalism Is Dead, Leftist Hate in Action | 1 Comment »

Video: Why Keynesianism Fails

Posted on December 5, 2010

Consumer driven theory fails for several reasons put in this video. You cannot have endless consumerism without the creation of wealth to generate income. Let us say that we had a piule of wealth and credit, but we produced less and less while China produced more and more. Eventually we transfer our wealth to China, go into debt […]

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Economic News Roundup II – Breaking: Obama Reverses on Outsourcing!

Posted on November 14, 2010

Please examine our “Summer of Recovery” and “ObamaCare” roundup posts! UPDATE – Video: Sarah Palin shows off her expertise in monetary policy and commodities markets Brit Hume: How Democrats Undermined Business Confidence. Federal Reserve Revises Economic Forcast Downward New – China raises US debt holdings as others offload – LINK New – Soros: China has better functioning […]

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Posted in Big Bizz Loves Big Govt, Chuck Norton, Corporatism, Economics 101 | Leave a Comment »

Health Care Roundup Part III – It Begins: Premiums Rising, Tax Payer Funded Abortions, Government Reverses and Now Claims “its a tax”, Government Announces That Yes It Really Can Turn You Down for Care… – UPDATE VII: Doctor Group Pushes For Repeal! – UPDATE IX: Insurance companies report that premiums will rise up to 9% as a direct result of the ObamaCare legislation

Posted on July 21, 2010

This thread will be updated continually and is stickied to the top of the page for now. Be sure to scroll down for updates and check this post for updates as well. – Editor BREAKING STORY: THUGOCRACY – OBAMA ADMINISTRATION THREATENS INSURANCE COMPANIES TO KEEP QUIET ABOUT RISING HEALTH CARE COSTS DUE TO LEGISLATION….OR ELSE   […]

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Posted in 2012, Chuck Norton, Health Law, Obama and Congress Post Inaugration | 2 Comments »

Former Chief Economist at Dept of Labor: Uncertainty is the private sector job killer.

Posted on July 5, 2010

This is exactly the case that we have been making since Feb. 2009. I love it when the professional economists catch up with me. Hudson Institute Senior Fellow Diana Furchtgott-Roth on why government ambiguity has negatively impacted national hiring. Speaking of a lack of consumer, investor and employer confidence and upcoming regulatory uncertainty….. I agree […]

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Posted in 2012, Chuck Norton, Economics 101, Energy & Taxes | Leave a Comment »

439,000 new jobless claims, media spins it as positive news (again)

Posted on April 1, 2010

I love how they say “the unexpected amount of job claims” – this blog, as well as so many other blogs like HotAir have reported that since the Stimulus Bill passed, the elite media puts the word “unexpected” in front of almost every piece of bad news there is, even when the trends and numbers actually show that […]

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Posted in 2012, Chuck Norton, Economics 101, Is the cost of government high enough yet?, Journalism Is Dead, Obama and Congress Post Inaugration | Leave a Comment »

Should the states amend the Constitution to stop these land grabs?

Posted on March 6, 2010

The Founders never wanted to see federal power used this way. The video also gives a good example of how constant meddling by the federal government undermines consumer and investor confidence. Most of these land grabs serve one purpose, to stop mining, drilling, natural gas, foresting, hunting etc etc. These land grabs are huge job […]

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Posted in 2012, Chuck Norton, Corporatism, Economics 101, Obama and Congress Post Inaugration | 1 Comment »

Shocker: AP gets a story right about the GDP quarterly growth.

Posted on February 15, 2010

Usually the elite media is so bad that I am just filling you in on the worts of the worst, but I found an article on the 5.7% growth in GDP last quarter that actually had a good, solid factual point that they weren’t trying to spin for Obama. That surprised me so I am […]

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Posted in 2012, Chuck Norton, Economics 101, Obama and Congress Post Inaugration | 1 Comment »

October News Roundup! Part I

Posted on October 20, 2009

Here is most the news I wanted to talk about in the last three weeks while I have been sick. Of course this resulted in falling behind on school work which didn’t help either. Keep checking back as News Roundup Part II is on the way. – Editor ACORN has asked an “Independent Panel” to […]

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Posted in 2012, Campaign 2008, Chuck Norton, Government Gone Wild, Journalism Is Dead, Obama and Congress Post Inaugration, Palin Truth Squad | Leave a Comment »

Voters trust Republicans more than Democrats on 8 out of 10 key issues for the second straight month

Posted on July 12, 2009

Rasmussen Poll: Voters now trust Republicans more than Democrats on eight out of 10 key electoral issues, including, for the second straight month, the top issue of the economy. They’ve also narrowed the gap on the remaining two issues, the traditionally Democratic strong suits of health care and education. The latest Rasmussen Reports national telephone […]

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Posted in 2012, Chuck Norton, Economics 101, Health Law, Obama and Congress Post Inaugration | Leave a Comment »