Obama’s phony jobs statistics
Director | June 12, 2009
William McGurn calls out President Obama on his phony claims to have “saved or created” jobs while the unemployment rate has skyrocketed.
More financial pain ahead
Director | June 11, 2009
Stock markets around the world have rallied off their March lows. The talk on financial TV is about having avoided a Depression, green shoots, a sustainable recovery. Other key phrases of the financial conversation include the steepening yield curve (good for bank profits), the stress test, the possible housing bottom, the commodity boom, and demand […]
Socialism in California
Director | May 14, 2009
“Today, California boasts the highest tax rates, the highest number of unemployed residents, the lowest credit rating and the largest deficit in the U.S.” California is facing a debt crisis. The election scheduled for May 19 may authorize the state to raise new revenues, but polling consistently shows the electorate voting down the new propositions. […]
Worst-case scenarios
Director | May 8, 2009
“The problem with Socialism is that you eventually run out of other people’s money.” Margaret Thatcher (Thanx to Aubie Balton.) Seeking Alpha, a pretty well-respected financial website, is out with an article devoted to economic worst-case scenarios. This list of possible disasters isn’t comprehensive, or likely. Still, we want to include some worst-cast thinking for […]
Michigan snowballs downhill
Director | April 5, 2009
A report on Michigan’s downward economic spiral and outmigration at Detroit News. Michigan has lost population equivalent to the size of its three largest cities over the past eight years. Half of all Michigan college graduates leave the state. Have you noticed those “come to Michigan” ads on TV? Now you know why. Ohio, Indiana, […]
California county cuts health care for illegals
Director | March 26, 2009
NWOU is on the lookout for stories about local governments dealing with the bad outcomes of the socialist takeover. Now that California’s budget problems are forcing the state to cut funding for counties, the counties must also cut spending to balance their budgets. CBS News reports that Sacramento County will begin denying nonemergency health care […]
Cleveland’s downward spiral
Director | March 23, 2009
Media attention lately has focused on Elkhart, Indiana as the poster city for U.S. economic decline. That’s because Elkhart is the center of the nation’s RV manufacturing industry. RV sales have tanked, and most RV manufacturers have gone out of business or are facing bankruptcy. But Cleveland may be in worse shape. Alex Kotlowitz reports […]