Recession: A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. A recession is generally considered less severe than a depression, and if [...]
Tags: CIT bankruptcy, Economy, GDP growth, obama administration, Peter Schiff, recession
Anyone with even a rudimentary knowledge of economic principles could have seen this train wreck coming on down the tracks so that would explain why the Obama administration went ahead with this disaster of a “cash for clunkers” program. Naturally they point to the “wild success” of this clunkers fiasco but what they fail to [...]
Tags: car dealers, cash for clunkers, foreign automakers, obama administration
Yeah I’m pretty sure I heard him say that, Fox News–Vice President Joe Biden said Sunday that “everyone guessed wrong” on the impact of the economic stimulus, but he defended the administration’s spending designed to combat rising joblessness. (SNIP) “The bottom line is that jobs are being created that would not have been there before,” [...]
Tags: Bureau of Labor Statistics, economic growth, fascist, Greenpeace, Joe Biden, Labor Department, obama administration, Stimulus Bill, unemployment rate
The federal government owned and operated “Cash for Clunkers” program has turned into an absolute disaster and many car dealers in New York have said they’ve had enough of this mess and have decided to throw in the towel. New car dealers across America are stuck with millions of dollars out of pocket on the [...]
Tags: CARS, cash for clunkers, new car dealers, obama administration, rebates
Hey 16 other states now have some sort of deal with TracFone to provide free cell phones and service to people on their welfare rolls so why not just keep the ball rolling right into Colorado? Six months ago we had a post about Alabama kicking off their own nifty cell phone program for all [...]
Tags: Colorado, free cell phone service, free cell phones, public assistance, TracFone wireless, welfare recipients
Well actually Kimberly Block and her lawyer, Jason K. Singleton, have sued several businesses this year claiming the buildings they operate their establishments out of, and in some cases even their parking lots, are in conflict with the Americans with Disabilities Act (ADA), legislation which was originally signed into law by president George H.W. Bush [...]
Tags: Americans With Disabilities Act, Jason K. Singleton, Kimberly Block, Sacramento CA, Squeeze Inn