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Category Archives: Economics
Not Seasonally Adjusted Data – Economy Lost 2,211,000 Jobs Dec 11 To Jan 12
Here’s an interesting number to ponder. While the US Government claims that 243,000 jobs were added in January 2012, this is the seasonally adjusted number. The seasonally unadjusted number is actually scary! According to the Bureau of Labor Statistics, there … Continue reading
Posted in Economics, J.J. Jackson's Daily Opinion
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Happy Days Are Here Again! Well … Not So Much
Read today’s headlines and you will think the economy is turning around and President Obama’s socialist agenda is succeeding. The US Government today shocked everyone by announcing that the unemployment rate dipped to 8.3%. Hallelujah! All praise the Messiah! But … Continue reading
GM’s Volt Fizzling
GM wanted to sell 45,000 of its Chevy Volts this year … until they decided that they could not. GM ditched that target last month after selling just 7,700 or so of the ugly babies which are laden with pork … Continue reading
December Job Growth Not As Good As Reported
ADP announced today that it revised it’s December job growth report down 9% from the originally reported 325,000. The new number is just 292,000 and includes seasonal workers hired just for holiday work. The January number is being reported as … Continue reading
Posted in Economics, J.J. Jackson's Daily Opinion
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Obama The Clueless
Ok, I know it comes as no surprise to hear that President Obama is clueless. But believe it or not there are people out there who think he really is in touch with what is going on. The President is … Continue reading
Definition of a Budget In “Balance”
A budget, be it personal or federal, is only in “balance” when expenditures equal revenues. Likewise, a “surplus” can only exist when revenues exceed expenditures. Sadly, neither such condition has existed with regards to our federal budget for many, many … Continue reading
Happy 1.7%!
US Real GDP grew at just 1.7% for 2011. That is a back slide from the 3.0% growth in 2010. Wow! Can’t say I am enthusiastic the hear that at all. Sure it is growth, but it is about as … Continue reading
Posted in Economics, J.J. Jackson's Daily Opinion
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Not So Fast …
Well, things are not looking quite so rosy this week after the US Department of Labor revised initial claims for unemployment for the week of January 14th up to 356,000 from 350,000. Plus it announced that for the week ending … Continue reading
First Time Unemployment Claims Drop After Previous Week Revised Upward Again
Department of Labor officials report that seasonally adjusted claims for unemployment benefits dropped by a conspicuously nice round number of 50,000 for the week ending January 14th. Also the Department of Labor reported that it under reported the number of … Continue reading
Is It Really Better Late Than Never For S&P?
Debt rating agencies like S&P, Moody’s and Fitch are about a decade behind the times. And they are desperately scrambling to catch up to save their own reputations. I am not so certain that the old saying of “better late than never” really applies here. Continue reading
The Bain Of Our Existence? Hardly!
I cannot help it. I have to defend Mitt Romney from idiocy. Yes, I know the man is a RINO. However even a RINO deserves to be defended when the attacks against him are unwarranted and so utterly crackpot in nature that they fly in the face of reality. Continue reading
Posted in Economics, General Insanity, Republicans, Weekly Article
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Ouch! Unemployment Claims Jump
Liberals have been going ga ga over how first time claims for unemployment had been dropping through the Christmas shopping season. Big surprise there as companies hired people to deal with predictable and cyclical demand for products. Today however the … Continue reading
Posted in Economics, J.J. Jackson's Daily Opinion
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Is The Enigma That Is The Euro Ready To End?
A “puzzling or inexplicable occurrence or situation” is called an enigma. And over the past decade there is no bigger enigma than the Euro which has been trading at a premium to the U.S. Dollar. Continue reading
Posted in Economics, J.J. Jackson's Daily Opinion
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No, This Is Not Quite What “Free Markets” Are
David Coughlin over at our sister site, The Land of the Free, reports the following statement by Ian Fletcher writing in Intellectual Conservative: Continue reading
Ah Good Old Newt! Lying Again!
Well, Newt is truly a political animal. And like all political animals he will lie, cheat and steal to get what he wants. Still, he’s better than Obama, probably better than Romney, and well, anyone else except Huntsman is better than Ron Paul. Continue reading
Belgium Hit By Moody’s
On Friday Moody’s cut Belgium’s credit rating from aa3 to aa1 because of the continuing crisis in Europe and the member nations of the European Union all pretty much up the creek without a paddle, much less a boat. They … Continue reading
Senate Votes To Extend Payroll Tax Cut For Two Months?
By a vote of 89-10 the Senate has voted to extend the 2% payroll tax cut. But only through February. Two months? Wow … so they really want to bring up the issue of raising taxes over and over again in an election year? Ok, if that is what they really want to do I guess they will do it. Continue reading
I Agree! EVERYONE Should Pay Their Fair Share!
There is an old saying which applies to courtrooms and debates. It warns one to never ask a question to which they do not already know the answer to. Political hacks, in addition to bad lawyers and poor debaters, often disregard this well founded warning. Continue reading
The Plight of the Unskilled Laborer
The unskilled laborer will always suffer the most under a free market, capitalist system because such workers will always have the most competition for the entry level positions they wish to hold and pressure from all new entrants to the … Continue reading
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Merry Christmas To These SPECIAL Workers!
Talk about a full stocking on Christmas morning! The Department of Labor certainly is in the giving spirit – that is, if the DoL bureaucrats deep you “nice” and choses to play Santa Clause on your behalf. Continue reading →