Commentary The Biden administration’s main talking point against the existence of recession is the unemployment rate. Sadly, a “rate” never hired or paid anyone. In the real world, there are signs of growing strains once you disaggregate the data by income expectations, gender, and other factors. There is no shortage of jobs available in lower-wage…
Labor Markets Are Fragile and Beginning to Break
August 3, 2022
admin
AnalysisBusiness & MarketsBusiness Columnistsinflationlabor marketslabor participationOpinionrecessionU.S. economyunemployment rate
0 Comment
The Lockdowns Kicked Off This Depression
August 2, 2022
admin
AnalysisBusiness & MarketsBusiness ColumnistsdepressioninflationInflation Reduction Actlabor participationlockdownsOpinionprosperityrecessionstagflationU.S. economyunemployment rate
0 Comment
Commentary If you were on vacation last week, good for you. You missed one of Congress’s greatest-ever scams. They just approved some $750 billion (do these numbers even mean anything anymore?) to “transition” us from fossil fuels and coal over to reliance on the wind and sun, and also to subsidize a bunch of chip…
The Dems’ New Proposal Does Nothing to Lower Inflation
Commentary The first thing to remember about the reconciliation bill Sens. Joe Manchin and Chuck Schumer agreed to Wednesday is that, despite its utterly preposterous name, it has absolutely zero to do with inflation. The Inflation Reduction Act of 2022 is crammed with the very same spending, corporate welfare, price fixing and tax hikes that…
American Prosperity Is Falling Apart
August 1, 2022
admin
AnalysisBusiness & MarketsBusiness Columnistsdivision of laborinflationOpinionpovertyprosperityrecessionU.S. economy
0 Comment
Commentary The debate about whether we are in a recession—it dominated the news over the weekend—has become a war of words with high political significance but low real-world meaning for the average person. The real story is about what people are doing to survive the times. They are bailing on high-end groceries and raiding the…
Capitol Report (July 29): House Passes Bill to Ban Semi-Automatic Guns; Pelosi Heads to Asia
July 29, 2022
admin
American Thought LeadersArizonaAugust PflugerCapitol ReportDonald Trumpenergy pricesEpochTVgun billillegal immigrantsJanet YellenlockdownsMuriel BowserrecessionSouthern BorderU.S. economyUSUS News
0 Comment
The Democrat-controlled House pushed a bill to ban certain guns. Democrats say it’s needed to stop gun violence, while Republicans say it targets law-abiding citizens. The Biden administration seems to be acquiescing to calls to secure the southern border. Without walking back any of President Joe Biden’s campaign promises, the Biden administration released a quiet…
It’s Worse Than Anyone Wants to Admit
July 29, 2022
admin
AnalysisBusiness & MarketsBusiness Columnistsinflationlabor participationOpinionrecessionstagflationU.S. economy
0 Comment
Commentary Yesterday’s news was entirely consumed in the throes of another definition change. What everyone understood as what it means to be in recession has been suddenly changed by government edict. It’s not a recession, they say. Everything is going just great, they say, unless you are among the troglodytes who desire plentiful and low-priced…
Biden’s GDP Disaster, Among Many Others
July 28, 2022
admin
Analysisbidenbiden administrationBusiness & MarketsBusiness ColumnistsGDPinflationlabor participationOpinionrecessionU.S. economyunemployment rate
0 Comment
Commentary What a difference a press release makes, even when it is only talking about the past. As we rolled out of bed this morning, economists surveyed by the Wall Street Journal were confident that economic output grew 0.3 percent in the second quarter. But then came the witching hour of 8:30am Eastern Time when…
A Recession of the Human Spirit
July 27, 2022
admin
AnalysisBusiness & MarketsBusiness Columnistsinflationlabor force participationlockdownsOpinionrecessionstagflationU.S. economyunemployment rate
0 Comment
Commentary As predicted, the Biden administration has spent the better part of the week explaining that tomorrow’s GDP report on the 2nd quarter, even if it is negative, does not mean we are in a recession. In his ham-handed way, Biden made it very plain: “We’re not going to be in a recession.” These days,…
Sen. Rand Paul Warns Against Democrats’ Plan to Raise Taxes Amid Inflation
The economic crisis facing the nation is disproportionately hurting small businesses. Mom and pop shops are struggling to stay afloat in the face of historic levels of inflation. Against this backdrop, Democrats have proposed raising taxes on pass-through entities—small businesses, including sole proprietorships, partnerships, limited liability companies, and S corporations. To Sen. Rand Paul (R-Ky.)…
Recession? They Will Tell Us That It’s Misinformation
Commentary Last week, this space speculated that the next recession may never be called what it is. Government agencies rely entirely on the National Bureau for Economic Research to call it either way. In October 2020, the NBER posted a clarification that it does not accept the textbook definition of two successive quarters of output…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`