Tag: U.S. economy

March 30, 2022

I have been writing for years about how progressive policies championed by the Democratic Party and served up under the guise of caring about low-income Americans wind up hurting these very communities. The latest chapter in this saga is the […]

March 23, 2022

“You can’t escape this inflation, because it is driven by things like energy prices, which flow into everything,” Business and Economics Professor Brian Brenberg at King’s College said Wednesday, when asked about “lunchflation.” In a Fox and Friends First interview, […]

March 17, 2022

The federal government ran a $2.7-trillion deficit in fiscal year 2021 and currently has a $475-billion deficit for fiscal year 2022. In addition, the national debt, as of Monday, was $30.19 trillion. Despite these numbers, some Republican senators believe that […]

March 8, 2022

During a campaign stop on Nov. 2, 2020, then-President Donald Trump touted the low gasoline prices of the time and warned that if Joe Biden became president, Americans would end up paying $7, $8, even $9 a gallon. Trump also […]

February 8, 2022

The United States ran a $355,301,700,000 merchandise trade deficit with the People’s Republic of China in 2021, marking the tenth straight year the U.S. trade deficit with China has topped $300 billion, according to data released today by the Census […]

February 7, 2022

A new survey shows that 41% of Americans say they are financially worse off today than one year ago (January 2021), while an identical 41% say they are financially better off. However, this is well below the financial optimism people […]

January 26, 2022

When President Joe Biden was sworn in on Jan. 20, 2021, the federal government’s debt stood at $27,751,896,236,414.77. When his first year in office ended on Jan. 20, 2022, it stood at $29,867,021,509,573.92. That means that during Biden’s first 12 […]

January 25, 2022

In this edition of Central Bank Watch, we’ll review comments and speeches made by various Federal Reserve policymakers in the week ahead the communications blackout window around the January Fed meeting ended. The blackout started on Saturday, January 15, leaving […]

December 30, 2021

When running against Donald Trump for president, Joe Biden often made the now-ironic charge that any president who has allowed so many deaths from COVID-19 should never be in the White House. Today, there are more deaths from COVID under […]

December 10, 2021

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in November on a seasonally adjusted basis after rising 0.9 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all […]

November 24, 2021

President Biden on Tuesday took credit for the supposed strength of the U.S. economy — “the strongest economic recovery in the world,” he called it. But he also said don’t blame him for the “painful” spike in gasoline prices. Higher […]

November 19, 2021

“Never in American history will so many taxes be raised and so much borrowing be needed to pay for all this reckless spending.” McCarthy’s marathon speech began at 8:38 p.m. Thursday and ended eight hours and 32 minutes later, at […]

November 15, 2021

Don’t blame inflation on Washington’s multi-trillion spending spree: “I think it’s important to realize that the cause of this inflation is the pandemic,” Treasury Secretary Janet Yellen told CBS’s “Face the Nation.” “The pandemic has been calling the shots for […]

November 11, 2021

“Many people remain unsettled about the economy, and we all know why,” President Joe Biden said during an appearance at the Port of Baltimore on Wednesday. “They see higher prices. They go to the store online and they can’t — […]

October 25, 2021

Treasury Secretary Janet Yellen continues to insist that price inflation — food, fuel, and all the rest — is temporary: “Americans haven’t seen inflation like we have experienced recently in a long time. But as we get back to normal, […]

October 4, 2021

Senate Majority Whip Dick Durban says he supports the $3.5-trillion reconciliation bill that has caused a split in the Democrat Party. Leftist Democrats insist that the bill — full of new entitlement programs — must pass either before or along […]

September 21, 2021

An overlooked provision of the new, sweeping tax bill currently under consideration by Congress as part of President Joe Biden’s $3.5 trillion infrastructure plan would substantially limit the qualified small business stock (QSBS) capital gain exclusion for certain taxpayers. If […]

September 13, 2021

What’s the big rush? Sen. Joe Manchin (D-W.Va.) wondered on Sunday, as he was pressed to explain his stated opposition to the $3.5 trillion cost of the Democrats’ “human” infrastructure bill. “Well, George, I’ve been very clear, I think, and […]

September 7, 2021

In the evenly divided Senate, Democrat Joe Manchin of West Virginia has made it clear, in writing, that he does not support the $3.5-trillion reconciliation bill, which contains massive new entitlement programs long favored by Democrats. But Ron Klain, President […]

August 26, 2021

HINTING AT TAPERING A slew of hot labor market reports and inflation rate readings have set the stage for a more hawkish Federal Reserve in the coming months. FOMC policymakers seem to concur, insofar as the tone of commentary over […]