For immediate release 4:15PM EST
Translation: We're releasing this statement after the U.S. stock market closes. We don't want you to see a cute chart on CNBC of the markets dropping as everyone realizes just how little we give a shit about actually doing our jobs. See -- we're...
0 Comments | Posted January 25, 2011 | 7:41 PM
When you're talking about presidents, it should be declarative. They should own things. Think 'Bush's War' for Iraq. Or, I guess, as I've now read 'Obama's War' for Afghanistan.
So, I'm declarative here. Obama's failure.
I've wanted to write this for a long time. It really built up over 2010....
0 Comments | Posted October 27, 2010 | 2:40 PM
There's a common question on the minds of most Americans these days: How did things get so bad? A real unemployment rate of 17%, a record number of home foreclosures, borrowing billions from China so we can buy the things from them that we...
0 Comments | Posted October 12, 2010 | 3:20 PM
Jean Schmidt: No to Bedbugs, Yes to Unemployment
Last week Congress finally began to take action against illegal Chinese trade policies that have devastated the American manufacturing base. For well over a decade, the Chinese government has been blatantly subsidizing the costs of Chinese manufacturing to create an...
0 Comments | Posted September 28, 2010 | 6:35 PM
In the past few weeks the media has been abuzz with stories about China's currency manipulation. Given the stratospheric unemployment rate and bulging trade deficit, focusing on China's questionable trade practices is long overdue.
Mercantilism. That's the term for the policy path that China has been following. Mercantilism...
0 Comments | Posted September 7, 2010 | 1:05 PM
Let's acknowledge the real cause of high unemployment... and get to work addressing it.
It's probably not wise for a candidate to pick a fight with a noted economist, but I had a strong reaction to a post this week from by Professor J. Bradford DeLong titled, "The Varieties...
0 Comments | Posted August 25, 2010 | 5:24 PM
Sadly, each passing day brings with it more depressing economic news. Today's latest is that housing sales dropped 27% in July, the weakest showing in 15 years. That the housing market remains a complete disaster, common knowledge to most of us, appears to still be a secret to...
0 Comments | Posted November 23, 2011 | 3:29 PM