The Bureau of Labor Statistics reported another rise in the unemployment rate, from 9.1% in May to 9.2% in June. The unemployment rate has now been above 9% for twenty-four of the last twenty-six months. Government economists had estimated that the private sector would add 120,000 jobs in June, instead only 18,000 were added. There [...]
Regardless of what you hear from the professional thieves in Washington D.C. and the talking heads of the mainstream media, there will be no economic recovery. Economic recoveries do not “just happen”, they are caused. Cyclic economic theories do not imply that the cycles occur without human intervention, they merely show that humans tend to [...]
The Misery Index now stands at 12.67%. George Bush inherited a misery index of just 7.93% and left office lowering the misery index to just 7.49%. Bill Clinton entered office with a misery index of 10.56% and lowered it to an impressive 7.29%. George H.W. Bush entered office with an index of 10.07% and unimpressively [...]
In modern post-industrial societies like the United States, children are a luxury. Unfortunately, due to the “great recession” brought on by the “Hope and Change” (i.e. tax and spend) policies of the Obama administration, many Americans feel that children are a luxury which they can no longer afford. Take a look at birth statistics for [...]
The Obama administration has radically altered the distribution of United States foreign aid. To see where your money is going, review these Q1 2011 stats from USAID: Pakistan $343,698,200.00 West Bank/Gaza $168,674,476.00 Haiti $133,601,639.00 Jordan $100,249,366.00 Democratic Republic of Congo $92,438,351.00 Iraq $60,688,407.00 Afghanistan $57,610,006.00 Sudan $37,239,593.00 Ethiopia $27,219,396.00 Nigeria $23,333,516.00 Indonesia $17,848,628.00 Uganda $11,850,768.00 [...]
Gallup just published Lack of Retirement Funds Is Americans’ Biggest Financial Worry, which focuses on Americans rising acknowledgment that the retirement system currently in place is unsustainable in the face of out-of-control government growth. The headline, however, draws attention away from another more immediate truth: Americans are worried about being able to protect the standard [...]
