Topic - Peter Morici

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  LAMBRO: Obama's statistical slump

  Mark Twain, who took a dim view of elected officials, once said that in the world of politics and government there were lies, damned lies and statistics. That scathing remark certainly applies to the Obama administration's response to last week's Bureau of Labor Statistics (BLS) report, which said the nationwide unemployment rate dropped to 8.6 percent in November. The White House joyfully lept on the news, saying it showed the economy was "moving in the right direction."

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  LAMBRO: Hopes dashed for economic turnaround

  If President Obama ever expected the economy to improve significantly before the 2012 election, Federal Reserve Chairman Ben S. Bernanke buried that hope last week.

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  LAMBRO: Obama's housing horrors

  President Obama flew to Las Vegas on Monday to talk with distressed homeowners and see Nevada's 13.4 percent unemployment first-hand. While he was there, he had lunch at the lavish Bellagio hotel and casino with 300 very rich people who gave him checks of $1,000 to $35,800 for his re-election campaign.

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  LAMBRO: Obama jobs plan: Plan on being unemployed

  America is in a steep decline because of the Obama administration's anti-business policies, which have blocked economic growth.

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  LAMBRO: Obama media cheerleaders log overtime

  The national news media's incomprehensible cheerleading aside, what the July numbers painted was a jobs picture where thousands of discouraged workers are dropping out of the work force because it is getting harder than ever to find a job in President Obama's America.

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  LAMBRO: Artful dodger Obama

  President Obama's job approval score sank to nearly 40 percent this week in the midst of a budget and debt-limit crisis that threatens to further weaken our economy and America's future.

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  LAMBRO: High-stakes dealing on debt ceiling

  The gulf between President Obama and a divided Congress grows ever wider as the debt limit crisis stumbles toward a potentially catastrophic deadline.

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  Unemployment at 9.2 percent as jobs stall

  A second straight month of paltry job growth in June sent the unemployment rate rising to 9.2 percent, showing that the economy remained in a deep pause, the Labor Department reported Friday morning.

• GRISWOLD: Truth about trade deficits and jobs

  As predictable as a full moon, the monthly release of Commerce Department figures on U.S. trade invariably provokes a uniform response from economic commentators.

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  LAMBRO: Back to the White House drawing board

  President Obama broke his silence this week on the precipitous decline in job creation, saying he's not happy with the unemployment rate and, by the way, the economy's troubles began in George W. Bush's administration.

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  Job growth slows sharply; unemployment rate at 9.1 percent

  The nation's job market provided more evidence of a broad slowdown in the economy in May, with a sharp deceleration of job growth sending the unemployment rate up to 9.1 percent, the Labor Department reported Friday morning.

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  LAMBRO: A strong dose of economic reality

  The welcome addition of 192,000 jobs last month comes with some huge caveats that suggest that the Obama economy isn't going to reduce the high unemployment rate anytime soon.

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  Stocks surge with positive jobs outlook, despite oil spike

  Signs of a strengthening job market sent Wall Street stocks soaring Thursday, inspiring hopes that the U.S. economy will see robust growth this year despite surging oil prices.

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  Obama's projection of deficits based on high growth rates

  If President Obama's proposal to reduce the nation's deficit is to work, the economy is going to have to grow a lot faster than a lot of experts — including congressional scorekeepers — think is plausible.

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  LAMBRO: New budget assault on reality

  The Obama administration seems to have a serious problem with its hearing or its memory, possibly both. In November, the voters said loud and clear that government is too big and spends too much, but 3 1/2 months later, the White House has forgotten that midterm election message.

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