Consumer Confidence Crashes After Obama Victory


The preliminary University of Michigan-Thomson Reuters consumer sentiment index fell to 74.5 from 82.7 in November. Consumer spending already faltered months ago. The third-quarter report on gross domestic product revised an already weak original annualized estimate of 2.0% in personal consumption growth down to a pathetic 1.4%. Personal consumption expenditures decreased by 0.2% in November.

Food Stamp Use 50% Higher Under Obama Than Under Bush


At the center of government in Washington DC we can see a preview of the new feudalism. Food stamp use has gone up in Washington DC by 35 percent and at the same time the Beltway counties have gotten rich twice as fast as the rest of the country to the extent that they now represent 7 of the 10 wealthiest counties in the country.

73% of New Jobs in Last 5 Months are in Government


Or to put it another way, 73 percent of jobs created in the last 5 months are a drain on the taxpayers that we don’t have. To tweak a popular OWS sign, “One Day The Poor Will Have Nothing To Eat But Government Employees.”

Unemployment at Highest Level Since Spring After Obama Victory


U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October’s rate.

Charles Payne and Steven Moore at Restoration Weekend

Picture 29

Understanding the “fiscal cliff” and the dire road ahead.

China Overtakes US in Global Trade Under Obama

Barack Obama, Hu Jintao

In just five years, China has surpassed the United States as a trading partner for much of the world, including U.S. allies such as South Korea and Australia, according to an Associated Press analysis of trade data. As recently as 2006, the U.S. was the larger trading partner for 127 countries, versus just 70 for China. By last year the two had clearly traded places: 124 countries for China, 76 for the U.S.

Small Business Owners Now At Most Pessimistic Level Since Before 2010 Elections


The decline of small business optimism parallels Obama’s rise to power. As Obama won the 2008 election, small business owners became more and more pessimistic about their prospects with their ratings hitting the lower point in the recorded index on Obama’s inauguration.

The Working Class and the Government Class


The fight for the economic soul of America.

Make the Democrats Own the Obama Economy


Another economic collapse is on the way — and the Left is gearing up to blame Republicans.

2/3rd of UK’s Millionaires Fled the Country After Tax Hike


It’s almost like the number of millionaires in a country fluctuates with the tax rates. It’s almost as if people have the ability to move from one country to another in response to their own interest. It’s almost as if building your spending plan around high tax rates is as sustainable as building your affordable housing program around sand castles.