GDP on Townhall

  • Political Calculations
    Over 90 percent of the decline is directly attributable to the tax hikes that went into effect in 2013, including the Social Security payroll tax hike, the various Obamacare tax hikes and President Obama's desired tax hikes upon high income earners and investments that were part of the fiscal cliff tax deal at the beginning of the year, all of which applied at the federal government level. ... more
  • Jerry Bowyer
  • Victor Davis Hanson
  • Michael Schaus
    President Barack Obama approved an increase in the so-called “social cost of carbon” calculation to $38 a metric ton. This number is used by government bureaucrats to weigh the cost and benefit of proposed projects, regulations and environmental laws; all without the hassle of actually understanding economics ... more
  • Chris Edwards
    Government spending certainly helps the government-dependent parts of the U.S. economy. But most Americans live in the private economy, and so they might like to know how government budget actions affect the economy that they live in. ... more
  • Ransom Notes Radio
    Congressional Democrats, occasional political pundits and even (Gasp!) the media might be figuring out that Obamacare is – in fact – a monster. James Pethokoukis, with AEI, also joined the program to discuss GDP and what the economy can expect moving forward. ... more
  • Jerry Bowyer
    Anticipating the future is very difficult, and investors are always guessing and always updating their guesses, but almost never getting their forecasts of the future exactly right. Investors tend to anticipate future changes in GDP growth, but inexactly. ... more
  • Mike Shedlock
    Never mind that Spanish unemployment is 26.6% and youth unemployment exceeds 55%. The nannycrats wants Spain to hike taxes even more to make up for budget shortfalls. ... more
  • Political Calculations
    With the GDP data finalized for the time being, we can now project forward to anticipate what real growth the U.S. economy can expect in the first quarter of 2013 ... more
  • Reuters News
  • Reuters News
  • Reuters News
  • Political Calculations
    Cuts in the U.S. government's R&D expenditures will have much less of an impact upon the U.S. economy than cuts in corporate R&D investments, thanks to the government's bizarre strategy of "investing" in wasteful, politically-driven, high-risk, low-return R&D efforts. ... more
  • John Ransom
    A new report from the UK research team at Price Waterhouse and Cooper confirms what we knew all along: We’re right and they’re wrong. Really wrong; once-in-a-lifetime, disastrously wrong if grading on the scale the rest of us are subject to. Grading on the liberal scale, however, it’s just normal, everyday, run of the mill errors in judgment, math, worldview, physics and fluid mechanics that liberals deal with all the time. ... more
  • Katie Pavlich
  • Daniel J. Mitchell
    Fighting against statism in Washington is a lot like trying to swim upstream. It seems that everything (how to measure spending cuts, how to estimate tax revenue, etc) is rigged to make your job harder. ... more
  • Mike Shedlock
    To compute "Real GDP" one has to adjust nominal GDP by a measure of inflation. Different measures of inflation provide different answers. ... more
  • Wimping Out Thu Jan 31
    Jackie Gingrich Cushman
    The New York Times mobile app sent me a breaking news update Wednesday morning: "U.S. Economy Unexpectedly Contracted in Fourth Quarter." Based on high government third-quarter spending and government policies and politics occurring during the fourth quarter, the slowdown should come as no surprise. ... more
  • Reuters News
  • Kevin Glass
  • John Ransom
    Since it’s unrealistic to expect politicians to make meaningful cuts in government spending, we need to get back the $19 trillion in private GDP that politicians today are so happily squandering through myriad government schemes. ... more
  • Political Calculations
    We had forecast that real GDP would be recorded at $13,602.8 billion in terms of constant 2005 U.S. dollars, and the BEA's third estimate came in at $13,652.6 billion - a difference of $49.8 billion, or within 0.04% of the BEA's last recorded figure. ... more
  • Ed Feulner
    How would you say the U.S. compares to other nations? No need to guess. We can pinpoint it exactly by using an annual guide known as the Index of Economic Freedom. Top three, you think? Top five? Nope. Last year at this time came the news that the United States had dropped to 10th place. ... more
  • Mona Charen
    Following the fiscal cliff melodrama, Senator Richard Shelby appeared on television to declare that we are becoming European. "We're always wanting to spend and promise and spend and borrow but not cut. We've got to get real about this. We're headed down the road that Europe's already on." ... more
  • Future Generations Wed Dec 5
    Walter E. Williams
    Is there any reason for today's Americans to care about what happens to tomorrow's Americans? After all, what have tomorrow's Americans done for today's Americans? Moreover, since tomorrow's Americans don't vote, we can dump on them with impunity. That's a vision that describes the actual behavior of today's Americans. It would be seen as selfish, callous and ruthless only if it were actually articulated. Let's look at it. ... more