Today's financial crisis in Europe may yet be papered over, just as the collapse of Creditanstalt was decades ago. But where will the next crack in the facade appear?
In his State of the Union address, President Barack Obama proposed raising the minimum wage from $7.25 an hour to $9 an hour. That would be almost a 25 percent increase. Let's look at the president's proposal, but before doing so, let's ask some other economic questions.
President Bush’s reckless spending and bailouts gutted the Republican brand and paved the way for President Obama’s historic 2008 election. The most liberal president in a generation, Obama came into office promising steep tax hikes, a national cap-and-trade energy tax program, a card check bill to allow unions to organize without private ballot protections for workers, and a Washington takeover of health care. He accomplished only the last, and that only on a series of corrupt special interest deals that made the final product deeply unpopular.
"And, of course, it's always my brother's fault."
The bleak truth about the comatose Obama economy is not just that it's barely breathing, but that it's still not far from another recession.
The Congressional Black Caucus was formed in 1971 to advocate on behalf of black Americans and hold lawmakers and the President of the United States accountable for policies adversely impacting blacks.
The Democratic National Convention is an elaborate effort to sanitize a failed record that cannot be rehabilitated, even by the glib sophistry of former President Bill Clinton.
Robert Gibbs, on Obama's performance, says "None of this is going to be easy and he never said it would be."
The President conveniently omits the fact that this has been true for the past four years and he has failed to do what's needed.
In the Aesop Fable "The Grasshopper and the Ant," there are moral, economic and political lessons for our time, or any other. As the story goes, the lazy grasshopper wiles away his summer days singing and hopping and having an all-around good time while industrious ants work and march and struggle to carry kernels of corn to their anthills, storing up for the winter to come.
Obama tells High School students about the jobs numbers without putting them in proper context.
Bloomberg Television breaks down the numbers.
Mitt Romney is finally coming into his own as the indefatigable Republican nominee. After enduring endless rounds of verbal fist fights with his opponents, Romney proved organization, message and money matter when you run for President of the United States.
Reagan also inherited a bad economy. However, they have produced vastly different results.
Knocked off message for a second week by messy Secret Service and GSA scandals, President Obama on Wednesday tried to salvage things with a jobs rally among handpicked supporters in this Northeast Ohio town.
If you read through the Washington Monthly's list of Obama's top 50 accomplishments, you'll quickly understand why my brother, Rush, properly wanted him to fail.
When is the last time you heard a liberal describe himself as a "liberal"? It’s probably been a long time. These days, those on the left are more likely to call themselves "progressives."
An Italian student and former Cato Institute intern explains what went wrong in Europe and what should happen in the United States to avoid a similar meltdown.
If a man is judged by the company he keeps--what does Obama's choices say about him? Consider Obama's choices for his economic advisors. There seem to be three overarching principles that guide their decision-making--all bad.
Nancy should have left the numbers to somebody who actually understands them, because a little analysis of the real tragic situation in the workforce reveals that the total number of unemployed in America is much closer to 15 percent than the former Speaker apparently realizes, and there is plenty more bad news, too.
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