Republicans went on a rampage last year claiming that scientists the world over engaged in the historically largest act of collusion ever to coax the world into believe the climate was in trouble. Now we are finding out (yet again) that these people on the right were trying to dope the world into believing their […]
A new report out by the CBO finds that the stimulus most likely saved this country: President Obama’s much-maligned economic stimulus package added as many as 3.3 million jobs to the economy during the second quarter of this year, and may have prevented the nation from lapsing back into recession, according to a report released […]
From a Washington Post breaking email alert: Sales at U.S. retailers rose more strongly than expected in March as consumer stepped up purchases of vehicles and wide range of goods, government data showed on Wednesday, suggesting a broadening of the manufacturing-led economic recovery. The Commerce Department said total retail sales jumped 1.6 percent, the largest […]
Welcome back to the 90s: Rep. Darrell Issa is not working from a position of strength. As the ranking Republican on the House Oversight and Government Reform Committee, Issa wants to exercise some, well, oversight when it comes to the Obama administration’s controversial decision to transfer control of the Census Bureau from professionals at the […]
Wow: Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount. The Labor Department said Wednesday that consumer prices fell by 1 percent last month, the biggest one-month decline on records that go back to February 1947. The drop was twice as […]
The economic hits keep on coming: Retail sales plunged by the largest amount on record in October as the financial crisis and the slumping economy caused consumers to sharply cut back on their spending. The Commerce Department said Friday that retail sales fell by 2.8 percent last month, surpassing the old mark of a 2.65 […]
That’s how our economy is being described: The economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused people and businesses to spend and invest more sparingly. The Commerce Department reported Thursday that the gross domestic product increased at a scant 0.6 […]
Seems like that great housing bubble is even closer to its inevitable pop: Sales of new U.S. homes fell 5 percent in January to their slowest pace in a year while the number of homes on the market hit a record high, according to a government report on Monday that signaled further cooling in the […]
After a rash of apparently “good news” it looks as though the economic-monster has hit. There is now speculation that the housing bubble has finally burst: WASHINGTON – Sales of new homes plunged in November by the largest amount in nearly 12 years, providing the most dramatic evidence yet that the red hot housing market […]