The Coming Crash of 2011
Americans no longer remember the concept of the “business cycle.”
For centuries, market economies have periodically turned down,
and then turned back up. The recovery from such downturns is
natural for a market economy. Every morning, at least some of the
unemployed get up and look for work. Businessmen [...]
Where We Are and Where We Were
Along with a massive snowstorm, Friday brought a blizzard of new info on the job market. From the perspective of our work at the White House, two points stand out, one about where we are and the other about where we’ve been.
First, while there are encouraging signs regarding jobs, they are early signs and must [...]
Prolonging the Recession
Today’s economic news is very bad–another 85,000 jobs lost in December, and unemployment stuck at 10 percent. In Monday’s Wall Street Journal, economists Gary Becker, Steven Davis and Kevin Murphy explained how the Democrats’ failed economic policies have helped to lengthen and deepen the current recession:
In terms of U.S. output contractions, the so-called Great [...]
Watch, Discuss, Engage at 3:15: SBA Administrator Mills on Small Business, the Economy, and Lending
In advance of Wednesday’s forum on lending to small business and economic recovery, the White House is happy to welcome SBA Administration Karen Mills today for a live video chat. Tune in at 3:15 EST today.
Watch here through WhiteHouse.gov/live
Watch, discuss and engage through Facebook
Administrator Mills explained a little more in-depth in a note last week:
A Message [...]
Bad Numbers
The New York Post reports that unemployment among young people is at a post-WWII high:
The unemployment rate for young Americans has exploded to 52.2 percent — a post-World War II high, according to the Labor Dept. — meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, [...]
Mark Stein: ‘The president has borrowed more money to spend to less effect than anybody on the planet’
AJStrata has an interesting post that points out that the liberal policies Barack Obama and the liberals in Congress enacted to fix the economy have failed so miserably that, as the Obama administration essentially admits, we will be living this economic nightmare for another year - right up until the 2010 elections for Congress.
Of [...]
