Handy graph puts BP oil spill into historical perspective


OK, it’s not a “hockey stick,” so the Left will ignore it — but the graph above illustrates the relative “quantities of oil spilled” during tanker accidents “between 1970 to 2009.”
Kate McMillan (who sourced this graph) writes:
The best estimate I can come up with suggests the current spill is around 700 tonnes a day (based [...]

Brian Riedl: Obama’s Fantasy Jobs – NYPOST.com


Last year, White House economists claimed that the $862 billion stimulus would create 3.3 million jobs. Since then, the nation has lost more than 3 million jobs. That’s a 6.3 million jobs gap. By the White House’s own standards, the stimulus failed. So President Obama has shifted his argument. Sure, the economy lost jobs, he […]

Budget Deficit to Reach $1.35 Trillion for 2010 – WSJ.com


Congressional experts pegged the 2010 U.S. budget deficit at $1.35 trillion, a slight improvement from the $1.38 trillion estimate in August, but the overall picture of the government’s finances remains bleak, according to the annual report released Tuesday. The Congressional Budget Office said the government will run an aggregate deficit of almost $6 trillion during […]

Recovery not as strong as previously thought – AP


The economy grew at a 2.2 percent pace in the third quarter, as the recovery got off to a weaker start than previously thought. However, all signs suggest the economy will end the year on stronger footing.The Commerce Department’s new reading on gross domestic product for the July-to-September quarter was slower than the 2.8 percent […]