For nearly six years, Keynesian economics has been put to the test.
The Obama administration has used “stimulus spending” with a profligacy that would even make Franklin Roosevelt blush. And yet it hasn’t worked.
Economic growth lags way behind typical economic recoveries. Same with the unemployment rate.
What is particularly damning is the employment rate which hovers around the abysmal levels of those sorry Carter years… More…
The latest result of Obamanomics goes by the fancy name of “tax inversions.” What that simply means is a company domiciled in the U.S., say Burger King, gets fed up paying the highest corporate income tax in the world (see chart above) so they buy a Canadian company, let’s say it’s Tim Hortons, and move their domicile to Canada with their 15 percent corporate income tax rate.
You do the math: 15% Canadian tax vs. 35% U.S. tax. More…
When Big Government forces private businesses to pay workers more than their skills are worth, workers either lose their jobs or new jobs are not created. In some cases, machines replace people. More…
The Obama administration touted last month’s news that 288,000 new jobs had been created.
Good news? Not when you dig just a little bit deeper. Full time jobs dropped by 523,000 jobs. Part time jobs increased by 800,000, which accounts for the net gain of 288,000 jobs.
Why has part time employment increased since Obama became president? Obamacare… More…
