- U.S., China race to finish line on ‘invisibility cloak’
- Obama ‘cavalier’ in hiding foreign aid order, judge rules
- Prince Charles: Muslims are driving Christians from Mideast through persecution
- Gitmo’s first commander: Close the prison down
- Google’s newest photography find: Just wink and shoot
- Detroit’s Heidelberg art project hit by 8 fires in 8 months
- Pa. police pull people over for random DNA tests for feds
- NASA pushing hard to get back into space game
- Harvard student to face federal charges for bomb hoax
- Ronnie Biggs of ‘Great Train Robbery’ fame dies, 84
Latest Peter Morici Items
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.
America is in a steep decline because of the Obama administration's anti-business policies, which have blocked economic growth.
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.
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.