The U.S. government estimated that the economy grew at an annual rate of 3 percent last quarter, but you wouldnât know if you watched ABC, CBS, or NBCâs evening programs. The 3 percent figure was much higher than the 2.7 percent rate expected, and was the first time the GDP growth rate hit 3 percent […]
United States Imposed Severe Economic Sanctions Against Venezuela
August 31, 2017 by
President Donald J. Trump signed an Executive Order imposing strong, new financial sanctions on the dictatorship in Venezuela. The Statement by the Press Secretary on New Financial Sanctions on Venezuela The statement by the White House press secretary stated the following: âThe Maduro dictatorship continues to deprive the Venezuelan people of food and medicine, imprison […]
Itâs Official: Obama Presidency Had Worst Economic Growth in Modern Era â 4th Worst in History!
April 2, 2017 by
Jonathon M. Trugman at the New York Post reported this week that the final numbers for the Obama Administration are in and they are abysmal: On Thursday we closed the book on the Obama economic âmiracleâ â and itâs a miracle we are not in a recession. Last week the Commerce Department released its third revision […]
Economic Illiteracy: Sanders’ Reaction to Trump Carrier Deal as Backwards as You Might Expect – VIDEO
December 2, 2016 by
As Donald Trump and Mike Pence took their much-publicized victory lap at an Indiana manufacturing plant yesterday, Bernie Sanders — a supposed champion of working people — blasted the deal struck between the newly-elected Republican presidential ticket and Carrier to keep approximately 1,000 blue collar jobs in America. I’ll circle back to the substance behind Thursday’s splashy, celebratory announcement […]
Standing Ovation: Trumpâs Economic Plan
August 15, 2016 by
Yes, Donald J. Trump has an economic plan. Last week, he received standing ovations and 10-second-long applauses from ordinary Americans who heard him explain how his plan will create more jobs than Hillary Clintonâs. âDonald Trump doesnât have a plan! Heâs all bluster and no muster,â is a common criticism of the GOP presidential nominee. […]
Reagan vs. Obama: How Capitalism Solves Economic Problems
August 9, 2016 by
Comparing the economic recoveries of Barack Obama and Ronald Reagan, as well as the presidents in between, data shows how the capitalist policies of Reaganâs were far more successful than the socialist policies of Obama and more successful than the less capitalist policies of George H. W Bush and Bill Clinton. Richard W. Rahn, writing […]
HUNGER In Venezuela – Declining Economic Freedom Has Consequences
August 9, 2016 by
TORONTO – The tragedy unfolding in Venezuela is a result of eroding economic freedom in that country over the past 40 years, according to a new publication released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. âWhen governments reduce economic freedom, as theyâve done in Venezuela, first under crony capitalism and […]
Donald Trump Full Economic Plan Speech in Detroit, Michigan – FULL VIDEO
August 8, 2016 by
Mr. Trump in his speech in Detroit Michigan proposed widespread tax cuts for both individuals and corporations. Republican presidential nominee Donald Trump on Monday outlined a proposal to allow families to deduct child-care spending from their income taxes as part of a broader effort to slash taxes. Making child-care expenses fully deductible. Mr. Trumpâs economic-policy […]
Trump targets taxes, regulations in economic speech in Detroit
August 8, 2016 by
DETROIT/WASHINGTON (Reuters) – Republican presidential nominee Donald Trump on Monday sought to regain momentum with an economic speech in which he floated new tax breaks and cuts to regulation, as protesters repeatedly interrupted him. Trump said his plan would include imposing a temporary moratorium on new federal regulations, reducing rates for income and corporate taxes, […]
Bad Economic Growth Could Be Good News For Trump
August 1, 2016 by
With US economic predictions last Friday reporting sluggish and historically low growth, it could have some interesting implications for the ongoing presidential election. In a race featuring two drastically different economic platforms, the reported 1.2 percent growth rate in GDP this past week may pose some interesting questions for the two candidates. The economy and […]
Stephen Miller: Hillary Clinton a Corrupt âEconomic Globalistâ Who Enriches Herself by âSelling Out Americaâ – AUDIO
June 28, 2016 by
During his appearance on Breitbart News Sunday, Stephen Miller, senior policy adviser to Donald Trump, finds Big Mediaâs coverage of the Brexit vote as unsatisfactory as its coverage of the U.S. presidential campaign. He cited CNNâs coverage of Trumpâs major speech last week as an example. âMr. Trump did a speech recently, laying out some […]
RISE OF GERMAN SUPERSTATE: EU MEMBERS TO DISSOLVE ARMIES SURRENDER ECONOMIC POWER
June 28, 2016 by
Has Britain avoided a âEuropean superstateâ? France and Germany âdraw up plans to morph EU countries into one with control over membersâ armies and economiesâ France and Germany reported to have drawn up ‘superstate plan’ It would mean members give up armies and economic power to the EU Report ‘leaked’ in Poland where it has […]
3 Economic Facts That Counter Obamaâs Recovery Narrative
June 21, 2016 by
President Barack Obama needs a reality check. Earlier this month in Indiana, he accused his critics of ignoring the âfactsâ and purporting âmythsâ about his economic record. But if Republicans are truly ignoring the facts, Obama should consider it a blessing. A quick look at the facts will show that Obamaâs economic performance has been […]
The Truth About The Obama Administrationâs Economic Recovery
May 8, 2016 by
According to a recent report by the Department of Commerce, the Gross Domestic Product (GDP) increased only 0.5% in the first quarter of 2016. This figure represents the lowest increase in the past two years and the third consecutive year beginning with a negative economic report. In fact, the economic stagnation of the Obama Administration […]
Obama fabricates a legacy of economic achievement
April 29, 2016 by
President Obama is using Whig history to shape the narrative arc of his economic achievements. In 1931, Herbert Butterfield, an Oxford University don, wrote a short book entitled The Whig Interpretation of History. Itâs not on todayâs NYTâs Best Seller list, but it does describe President Obamaâs efforts to frame the economic policies of his […]
Saudi Arabia Threatens to Wage Economic Warfare Against the United States over a Bill in Congress
April 20, 2016 by
President Obama is facing increased pressure from the families of victims of the September 11 attacks and a bipartisan bill in Congress called Justice Against Sponsors of Terrorism Act that could hold Saudi Arabia responsible for any role in al Qaeda’s 9/11 attacks. The president left on April 19, 2016 for a trip to the […]
Ted Cruzâs full appearance on CNBCâs Squawk Box – Economic Policy and Job Growth
April 18, 2016 by
I know this is 46 minutes long, but youâve got to watch at least part of it. Itâs absolutely fantastic! Youâll walk away from this seeing that Ted Cruz completely understands economic policy and job growth in ways that Donald Trump never will. In fact, there is no way in hades that Donald Trump could […]
How Obama’s Policy is Stifling Economic Liberalization in Cuba
April 17, 2016 by
In April 2014, we argued: “Based on the lessons of history, those who still believe ‘self-employment’ licenses are ‘a step in the right direction’ toward capitalism, actually have all the more reason to support U.S. sanctions.” To understand why: First and foremost, from an economic perspective, the very concept of trade and investment in Cuba […]
THE SHAME OF SUBSTANDARD CARE: SHADOW ECONOMIC CRISIS (Part 3)
February 27, 2016 by
It is rare that politicians step into the nightmare of shame that is today’s nursing home industry in an effort to protect the innocent and condemn an industry rife with greed and substandard care. âNursing homes are rapidly becoming nothing other than legalized scams…a place to ‘warehouse’ the elderly, suck away their money, treat them […]
The End Of Economic Liberty: “A War On Cash Won’t End Well”
February 19, 2016 by
These are strange monetary times, with negative interest rates and central bankers deemed to be masters of the universe. So maybe we shouldnât be surprised that politicians and central bankers are now waging a war on cash. Thatâs right, policy makers in Europe and the U.S. want to make it harder for the hoi polloi […]
FDA AND THE SPREAD OF BRAIN DISEASES: SHADOW ECONOMIC CRISIS (Part 2)
February 5, 2016 by
The U.S. Food and Drug Administration (FDA), charged with the mandate to protect the publicâs food supply, openly admits its liability in the deaths of Americans, mostly in the form of heart attacks. That is far from the full story. What the giant government agency hides is its culpability in the recent rise in brain […]
EPIDEMIC OF DEMENTIA: SHADOW ECONOMIC CRISIS (Part 1)
January 24, 2016 by
Anger builds at a government spending large in Washington using American’s tax dollars to become the world’s caretaker while abandoning its own people in need. Can America’s middle-class save itself, its families, and its elderly while being forced to financially support burgeoning groups of global dependents who seek America’s health care and welfare dollars? The […]
UNREAL: Obama Signs Executive Orders Lifting Economic Sanctions on Iran
January 17, 2016 by
VIENNA (AP) â The U.N. nuclear agency certified Saturday that Iran has met all of its commitments under last summerâs landmark nuclear deal, crowning years of U.S.-led efforts to crimp Iranâs ability to make atomic weapons. For Iran, the move lifts Western economic sanctions that have been in place for years, unlocking access to $100 […]
U.S. drops to 16th on ‘economic freedom’ list, behind Canada, Chile
September 14, 2015 by
The United States, ranked second in worldwide economic freedom as recently as 2000, has plummeted to 16th, according to a new report of world economies. The Fraser Institute’s annual report, Economic Freedom of the World, showed that the country’s drop started in 2010, the second year of the Obama administration. The world-recognized report showed that […]
Communist China Dumps U.S. Debt Amid Economic Turmoil
August 31, 2015 by
Facing an imploding stock market and the potential for even more widespread economic chaos, the dictatorship ruling mainland China â the top foreign holder of U.S. Treasury bonds â is selling U.S. debt to prop up the Chinese yuan (renminbi), according to news reports. The move, which has long been anticipated by analysts, could have […]