Economics

It’s deja vu all over again. Sorta. UPDATE: Video added

By Dimsdale | June 14, 2012 |

As I watched Fox News Sunday this past weekend, I almost fell off my chair during the “Is labor losing its clout?” segment, wherein Chris Wallace interviewed two representatives of public workers unions, Dennis Van Roekel, President of the National Education Association, and Thea Lee, Deputy Chief of Staff of the AFL-CIO.

Obama has “Detailed plan to reduce deficit by $4 trillion”

By Steve McGough | June 13, 2012 |

What? Where? How? When? President Obama has been holding out on us, and his deputy campaign manager Stephanie Cutter is stepping onto the MSNBC stage – where else – to let everyone know the solution has been presented and half-way implemented, but nobody is listening.

The Warning of David Stockman – video added

By TomTGRWolcott | June 12, 2012 |

David Stockman a former U.S. Politician and Businessman served as Republican Representative from the state of Michigan (1977-1981).  He then served as the Director of the Office of Management and Budget during the Ronald Reagan’s First Term in Office (1971-1985). As mentioned in Jim’s Show this morning, Mr. Stockman had some dire warning regarding the Economy.…

Obama, The Economy is Just fine…How about another stimulus! video added

By TomTGRWolcott | June 12, 2012 |

President Obama held a press conference on friday, speaking of how the economy was doing. The president had this to say about Job Creation. “The truth of the matter is we’ve created 4.3 million jobs over the last 27 months, over 800,000 just this year alone. The private sector is doing fine.” Of course the Romney Campaign…

Governor Malloy are you sure Connecticut is open for business?

By TomTGRWolcott | June 9, 2012 |

Northrop Grumman announced on Friday that it plans to close its manufacturing facility in Norwalk, Ct. The plant has been in operation under various owners since 1961.  Grumman is in the process of consolidating its facilities located in Maryland and Illinois.  There are currently 315 Workers at the Norwalk Plant, 50 of those employees will…

Dow jumps on Bernanke Federal Reserve expectations … or Walker’s Wisconsin win

By Steve McGough | June 7, 2012 |

Yesterday, the Dow Jones jumped 2.37 percent and two media reports I heard late in the day specifically mentioned “expectations” about Federal Reserve Chairman Ben Bernanke’s testimony scheduled today … not the Gov. Scott Walker (R-Wisc.) [big] win the day before.

Unemployment up to 8.2% – 69,000 jobs created

By Steve McGough | June 1, 2012 |

I’m writing this at 8:46 a.m. ET, and Drudge has had the siren up for at least 12 minutes, while CNN is still behind the curve reporting the following.

Spain economists to unemployed youth: You may want to leave the country for awhile

By Steve McGough | May 3, 2012 |

There is nothing for you here, go find work elsewhere. I heard the other day that Spain is burdened with a 24 percent unemployment rate, and for youths – under 25  – the unemployment rate is 51 percent.

Doubling down on stupid in the ivory tower….

By Dimsdale | April 26, 2012 |

Amid all of Øbama’s recent student loan rate histrionics in an attempt to buy the votes of college audiences and Jimmy Fallon, I came across this gem of a story on college tuition increases which was briefly mentioned on the WTIC news yesterday. It was a report on the news regarding differential increases in tuition…

Another solar company crashes into the sun – Solar Trust of America

By Steve McGough | April 3, 2012 |

Less than one year ago, the Obama administration’s Department of Energy offered – at that time – the second largest loan guarantee evah for an energy project. Solar Trust of America – a joint venture of two German solar companies – filed for bankruptcy yesterday.