Mona Charen, We don’t care. You can check Pew or Gallup or any other polling company. We are running deficits that ought to make us nauseated with worry — the federal deficit passed $1 trillion in September — but we’re not interested. Well, a majority of us anyway. About 48% of those polled by Pew
Nancy Pelosi’s Stall Tactics Hurt America’s Economy
Stephen Moore, Wouldn’t it be wonderful if for one brief shining moment in Washington, Congress put good policy over politics — and passed a bill that would benefit American workers, investors and businesses? We haven’t had a true bipartisan victory in Washington for seemingly ages, but we are tantalizingly close to getting there. This would
For The Second Consecutive Quarter, This Is What Americans Spent The Most Money On
Tyler Durden, The Q3 GDP printed far stronger than expected, with US households going on an all-out spending spree and at 1.93%, or contributing 100% of the bottom line 1.93% GDP print, personal consumption soared an annualized 2.9%, far stronger than expected. So, as we always do, we decided to take a look at what
Trump Economy Surges, Biden and Obama Hog the Credit
Stephen Moore, Joe Biden is at it again — living in his own parallel universe. The same former vice president who says that his son Hunter was hired by a Ukrainian oil and gas company because of his expertise in energy policy is now claiming that President Donald Trump has “squandered” the strong Obama economy
Are Economists and policy makers are ‘sleepwalking’ toward next financial crisis?
Greg Robb, A sense of gloom about the global economy permeated the International Monetary Fund and World Bank annual meetings over the past week in Washington. The international organizations officially slashed their global growth forecasts and warned of dire consequences if the standoff between the U.S. and China over the future of the global trading
Nobel Economist Discovers the Trump Effect
John and Andy Schlafly, Economics has been called the “dismal science,” but Robert Shiller, who won the 2013 Nobel Prize in economics, is feeling optimistic. Interviewed last Friday on CNBC’s “Trading Nation,” Shiller says a new phenomenon he calls the Trump Effect could keep the economy booming. The Trump Effect has already been observed on
Why Aren’t People Moving to America’s ‘Best’ Cities?
Let the federal government tell you where to live. Earlier this month, real estate brokerage Redfin published a list of America’s most bicycle-friendly cities, slotting Minneapolis first. That should seem a little ridiculous to anyone who has spent a winter in the North Star metropolis. Then again, hilliness and the number of bike commuters were
MATT DRUDGE Goes Off on Twitter Rampage: ‘It’s the Night of the Republican Suicide’
Conservative internet mogul Matt Drudge unleashed on the Republican Party Friday after the GOP Congress gave Barack Obama sweeping new powers. President Obama won a big victory for his trade agenda Friday with the Senate’s approval of fast-track legislation that could make it easier for him to complete a wide-ranging trade deal that would include
Fed on track to hike rates as economic headwinds wane: Yellen
Federal Reserve Chair Janet Yellen was clearer than ever on Friday that the central bank was poised to raise interest rates this year, as the U.S. economy was set to bounce back from an early-year slump and as headwinds at home and abroad waned. Yellen spoke amid growing concern at the Fed about volatility in
How an off-the-cuff remark shaped Jeb Bush’s economic vision for U.S.
There were no fancy economic models or forecasts when former Florida Governor Jeb Bush first tossed out the idea that 4 percent annual growth should be the overarching goal for the U.S. economy. But what started as a casual suggestion during a 2010 conference call with advisers to the George W. Bush Institute, a public
Denninger: “Wake Up America Before You Get Shot… And Possibly (Yes, Literally) Eaten”
Mac Slavo | SHTFplan.com America’s debt problems aren’t going away. America’s debt problems aren’t going away. In fact, they will continue to get worse. Karl Denninger recently cited a Bloomberg report to make his point at the Market Ticker: Driven by higher interest costs, Social Security and Medicare for baby boomers, as well as tax cuts made permanent
Los Angeles gives preliminary approval to $15 minimum wage
The Los Angeles City Council voted on Tuesday to increase the minimum wage in the nation’s second-largest city to $15 an hour by 2020 from the current $9, in a victory for labor and community groups that have pushed for similar pay hikes in several U.S. municipalities. The council’s 14-1 vote on the measure, which