The employment report from the Labor Department on Friday was hailed as more evidence that the worst from the Great Recession is now in the rear view mirror, and receding. But the numbers are deceptive, and if we continue exporting jobs via so-called free trade agreements the economy will get worse.
Right now, the IMF is trying to forward controversial “reforms,” changes that are strongly supported by the Obama administration and most IMF member regimes, that would massively expand the institution’s power and the burden it imposes on taxpayers — particularly American taxpayers — by doubling IMF resources. The scheme would also diminish U.S. influence in IMF decisions while boosting the voice of the communist dictatorship ruling mainland China, Putin’s Kremlin, the pro-Castro Brazilian government, and various other regimes that the UN refers to as “emerging markets.”
In a country where people extol the virtues of free enterprise, why is the U.S. government involved in the delivery of mail? After all, it would be difficult to find a better example of a violation of the principles of free enterprise than the U.S. Postal Service.
In calculating personal income in the United States, the Tax Foundation is missing a huge part of the economy: the one that runs just fine without government interference.
On Tuesday, the Wall Street Journal reported that the federal government will be paying $800 billion annually just to service the interest on its massive debt by 2025, up from just over $200 billion currently.
A small San Francisco bookstore is going out of business because it can't afford a minimum-wage increase approved by voters last year.
Americans may not be too surprised to learn that the 5.6 percent unemployment rate the U.S. Department of Labor is touting is entirely misleading; it's currently 12.6 percent.
Following in the extremist “Quantitative Easing” (QE) footsteps of the U.S. Federal Reserve, the European Central Bank vowed to create massive quantities of new currency — more than $68 billion each month, eventually reaching well over a trillion — to buy government and corporate bonds across Europe. Under the guise of achieving an “inflation target” of two percent, the ECB will devalue all euros while propping up megabanks, Big Business cronies, European Union institutions, and out-of-control EU “member states” already drowning in a sea of red ink. More than a few experts, though, say the ultimate result of the scheme will be economic disaster. Some have also suggested that the QE bond-buying plan may violate EU treaties.