WSJ: The 1.6% Recovery

WSJ/OPINION JOURNAL, 8/28/2010 - The results of the Obama economic experiment are coming in. To no one's surprise except perhaps Vice President Joe Biden's, second quarter economic growth was revised down yesterday to 1.6% from the prior estimate of 2.4%, which was down from first quarter growth of 3.7%, which was down from the 2009 fourth quarter's 5%. Economic recoveries are supposed to go in the other direction. Read more at WSJ... Read More......

AT: An Economics Lecture No Student Will Ever Hear

AMERICAN THINKER, 4/14/2010 by Herbert E, Meyer - Good morning. Take your seats, turn off your cell phones, and keep them off for the duration of this lecture. ∴ Today's subject is jobs. As even the dimmest among you are aware, we're in a jobless recovery, which means that economic activity is picking up, but businesses just aren't hiring enough workers to bring down the unemployment rate to an acceptable level. ∴ Between now and the November elections, Republicans will blame Democrats for this mess, and Democrats will say that it's all the Republicans' fault. The decibel level will be excruciating. If you're among those who would rather argue than understand, don't waste your time or my energy; get up now and leave through the side door. But if you really want to understand why we're not creating new jobs fast enough, put aside your politics and let me teach you the one thing about economics you should have learned in high school. Read more at American Thinker...

Herbert E. Meyer served during the Reagan administration as Special Assistant to the Director of Central Intelligence and Vice Chairman of the CIA's National Intelligence Council. He is the author of How to Analyze Information and The Cure for Poverty. Read More......