obamanomics (page 3)

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    If you voted to stay the course, then just where do you think the growth will come from?

    Some realities of the new year, and for background, my post-election newsletter that had the True Believers so upset. First, of course, the Deal to Save Us from the Fiscal Cliff is a predictable joke. Many thoughtful observers have already said it, but we labor under the rule…
    Jon Sanders, January 1, 2013
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    You couldn’t write a paper that clashes more violently with the current climate than the one you wrote, if you were trying. — Chad, from the 2009 movie In the Loop The Tax Foundation has published a paper today. It’s a good paper. But that won’t matter; we live…
    Jon Sanders, December 18, 2012
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    They broke it; we bought it

    Elections have consequences, and the choice we faced in this past presidential election was either to step back from the brink of reckless regulation, deficit spending, and tax hikes, or continue to barrel along and pretend that the realities of these economic choices will be magically suspended, leaving an economy…
    Jon Sanders, November 13, 2012
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    Nnnnobody expected … the rest of the data?

    Recall last week breathless media accounts of the October Miracle, when jobless claims — California not reporting — suddenly “fell” to January 2009 levels andjustatthe11thhourohohObamanomicsisfinallyworking! I predicted a Linus-in-the-pumpkin-patch embarrassment to come soon and, well, here: “Jobless Claims Unexpectedly Rise to 388,000.” “Unexpectedly.” There’s that word…
    Jon Sanders, October 18, 2012
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    Jobless claims suddenly look great, once you discount California

    This news comes on the heels of the controversial unemployment miracle report of last week. Gee, it’s almost as if giving the impression (and the headlines to follow; see, e.g., WRAL’s “US jobless claims fall to 339K, fewest in 4½ years“) of an Amazing, Eleventh-Hour Keynesian Miracle is…
    Jon Sanders, October 11, 2012
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    Phlebotonomics: Bleeding liberty dry

    My newsletter today draws on the death of the World’s Apostle of Liberty and the now-moribund society of liberty he fought to found. A snippet: Washington was bled repeatedly during his final hours. As historian Lewis Lehrman described it, “Washington did not lack for the best medical care, but…
    Jon Sanders, September 21, 2012
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    Media economists flabbergasted again

    Bloomberg is reporting today that “More Americans Than Forecast Filed Jobless Claims.” As expected, the bad news was unexpected: More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening. Jobless claims decreased by 3,000 in the week ended…
    Jon Sanders, September 20, 2012
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    Graphic colossal economic folly, September 2012 edition

    From George’s link below in continuing our discussion today of the economy, James Pethokoukis has updated the Obama administration’s 2009 graph showing its predicted unemployment picture with and without the stimulus plan:  …
    Jon Sanders, September 7, 2012