- Air Force cadets ‘revolt’ after officials remove biblical verse from whiteboard
- Rep. Lee: Paul Ryan out of touch with urban Americans
- House votes down resolution to force Issa to apologize
- Kremlin blocks opposition websites; Kasparov fears Putin plans ‘something drastic’
- Saving trees? EPA wastes $1.5 million storing unneeded pamphlets in warehouse
- Scott Brown Senate bid in New Hampshire may launch soon
- Jeffrey Corzine, son of ex-N.J. governor, dead at 31
- Australian surfing magazine sorry for calling indigenous surfer ‘apeish’
- Records: Man in Fla. theater shooting also was texting
- The Putin problem: U.S. needs Russian rockets for spy satellites
Latest Peter Morici Items
The labor market improved last month after a soft spell in the spring, with businesses creating 163,000 more jobs in a wide range of occupations from health care to manufacturing, the Labor Department reported Friday morning.
The free-trade consensus of the previous two decades has frayed under President Obama, and while he has pushed through some low-level agreements, he has fallen far short of his predecessors on this key driver of the nation's economy, and analysts say the U.S. is lagging behind many of its chief competitors.
It should be clear by now that President Obama is running against the U.S. economy, and as of last week, the economy was beating him.
There's a disconnect between the economy's relentless slowdown in the fourth year of Barack Obama's presidency and the sideshow issues he's raising on the campaign trail. Actually, "issues" is a gross exaggeration of the sleight-of-hand politics he's practicing right now in a desperate bid to save his presidency.
The sharp slowdown in hiring stunned President Obama's worried campaign strategists Friday, fueling deeper doubts about a second term.
President Obama may be getting great pleasure from the Republicans' lengthening battle over who can beat him in November. But he faces a much stronger opponent between now and then: a weakened U.S. economy.
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."
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.
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.