Category Archives: U.S. Economy

Poll: Obama Five Times Worse Than Carter on Economy

Thursday, September 8, 2011 Still think President Barack Obama is viable in 2012? U.S. News & World Report published two new polls today find that just one third of the public believes President Obama deserves reelection, while five times more … Continue reading

Posted in News, Politics, Polls, President Barack Obama, U.S. Economy, Worst President Ever | Tagged , , , , , | 6 Comments

Gallup: Obama Drops to 26% on His Handling of the Economy

Wednesday, August 17, 2011 President Obama’s poll numbers appear to be in free fall. The latest Gallup poll shows Obama hitting a new low of 26% approval on his handling of the economy, down 11 points since it was last … Continue reading

Posted in News, Politics, President Barack Obama, U.S. Economy, Worst President Ever | Tagged , , , , | 12 Comments

China: ‘Dollar to Be Discarded by World’

Sunday, August 7, 2011 Prior to Standard & Poor’s downgrading U.S. debt from AAA to AA — the first time this has happened in American history, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is “gradually discarded … Continue reading

Posted in China, International News, News, U.S. Economy | Tagged , , , | 5 Comments

Standard and Poor’s Downgrades U.S. Debt Rating to AA

Friday, August 5, 2011 Citing the increased burden of rising Federal debt, rating agency Standard & Poor’s downgraded the United States’ long term from AAA to AA for the first time in U.S. history. Standard and Poor’s is one of … Continue reading

Posted in International News, News, U.S. Economy | Tagged , , | 18 Comments

America’s “First Black President” is a Disaster for African-American Middle Class

Friday, July 29, 2011 We know unemployment in America is horrendous. But for African-Americans, this is not the “great recession”: it’s the Great Depression. Black unemployment stands at 16.2% in many U.S. cities. Take Charlotte, N.C., for example. It is … Continue reading

Posted in African Americans, Middle Class, News, President Barack Obama, U.S. Economy | Tagged , , , , , | 12 Comments

Unemployment Climbs to 9.2%

Friday, July 8, 2011 U.S. employment ground to a halt in June, as employers hired the fewest number of workers in nine months, dashing hopes the economy would regain momentum in the second half of the year. The unemployment rate … Continue reading

Posted in News, President Barack Obama, U.S. Economy, Unemployment, Worst President Ever | Tagged , , , , | 13 Comments

China Has Divested 97 Percent of Its Holdings in US Treasury Bills

Saturday, June 4, 2011 President Obama and President Hu Jintao of China During a State Dinner on Jan. 19, 2011 China has dropped 97 percent of its holdings in US Treasury bills, decreasing its ownership of the short-term US government securities from … Continue reading

Posted in China, International News, News, U.S. Economy, US Debt | Tagged , , , , | 18 Comments

America’s Middle Class Crisis: The Sobering Facts

Sunday, May 8, 2011 While Warrior Obama is riding high after sending the order to the U.S. Navy Seal team to kill Osama bin Laden, the president is tone deaf when it comes the dramatic economic crisis hitting America’s middle … Continue reading

Posted in 2012 Election, Middle Class, News, U.S. Economy, Warrior Obama | Tagged , , , , | 12 Comments

The Cost of Catching, Killing Osama bin Laden: $3 Trillion

Saturday, May 7, 2011 The most elusive public enemy in American history was killed one week ago from two bullets wounds; one to the chest and one to the head. It all sounds so simple. If only this were true. … Continue reading

Posted in 9/11, al-Qaeda, International News, News, Osama bin Laden, U.S. Economy, War on Terror | Tagged , , , , , , | 14 Comments

IMF Bombshell: Age of America Nears End

Monday, April 25, 2011 I guess deep down in our psyches, we knew this day would come. Just not this soon. For the first time, the International Monetary Fund announced a date for the moment when the “Age of America” … Continue reading

Posted in China, International News, News, U.S. Economy | Tagged , , , | 16 Comments

Obama = $124 a Barrel Oil

Friday, April 8, 2011 Despite the Obama administration’s failed attempt to blame record gas prices on the growth of the economies of India and China, the real reason for record high gas prices is geopolitical. Reuters via Yahoo reports: Oil … Continue reading

Posted in Gas Prices, News, President Pootie Tang, U.S. Economy, Worst President Ever | Tagged , , , , | 10 Comments

Obama’s Tax Cut Deal is a Budget Buster

Wednesday, December 15, 2010 The Obama/McConnell tax cut deal destroys the budget. From Ezra Klein: “The $858 billion package does more damage to the deficit than anything other piece of legislation passed during the Obama presidency. It’s also expected to … Continue reading

Posted in News, President Pootie Tang, U.S. Economy, Worst President Ever | Tagged , , , | 10 Comments

Top 10 States People are Fleeing: New York Ranks No. 1

Sunday, December 12, 2010 In about seven weeks, we will be leaving New York for good. From the terrible winter weather to the highest property taxes in the U.S., living in New York is a miserable, grinding experience. And we … Continue reading

Posted in New York, News, U.S. Economy | Tagged , , | 5 Comments

Mission Not Accomplished: U.S. Unemployment Reaches 9.8%

Friday, December 3, 2010 The U.S. economy added fewer jobs than economists expected in November as the national unemployment rate rose to 9.8%, dashing hopes that the recovery is gaining momentum. U.S. unemployment rate has now been above 9% since … Continue reading

Posted in News, President Barack Obama, U.S. Economy, Worst President Ever | Tagged , , , , | 15 Comments

Obama Freezes Federal Salaries

Monday, November 29, 2010 President Obama is expected to announce today a two-year freeze of more than 2 million Federal employee salaries. The step is seen as the first implementation of his Cat Food Commission’s draconian recommendations to cut Federal … Continue reading

Posted in Cat Food Commission, News, President Barack Obama, U.S. Economy | Tagged , , , , | 21 Comments

President Obusha’s Debt Commission Proposes Slashing Social Security Benefits

Wednesday, November 10, 2010 President Obusha’s so-called debt reduction commission is out with its first proposal and it includes slashing Social Security and Medicare, as well as reductions in income tax rates in exchange for curbing tax breaks, according to … Continue reading

Posted in Medicare, News, President Barack Obama, Social Security, U.S. Economy | Tagged , , , , | 35 Comments

Obama Won’t Extend Bush-Era Tax Cuts for Rich

Wednesday, September 8, 2010 Fasten your seat belts because President Obama finally gets something right! The New York Times reports in a speech scheduled to be delivered in Cleveland on Wednesday, President Obama will rule out any compromise that would … Continue reading

Posted in News, President Barack Obama, U.S. Economy | Tagged , , | 10 Comments

5 Days Home from 10 Days on Martha’s Vineyard and President Obusha Leaves for Vacation Number 7

Friday, September 3, 2010 Less than a week after returning from a 10 day vacation to Martha’s Vineyard — his sixth this year, President Obusha is headed to Camp David for the long Labor Day weekend. Seriously folks. I think … Continue reading

Posted in Elites, News, Politics, President Barack Obama, U.S. Economy, Unemployment | Tagged , , , , , | 13 Comments