Sat, Feb 08, 2014

Mike Shedlock | February 08, 2014

Big Miss: Nonfarm Payrolls rose by 113,000. The Median Bloomberg estimate was +180,000. December was revised up a tiny bit from 74,000 to 75,000. Beneath the surface, things actually look better for a change. The household survey shows a gain of employment of 638,000.

Charles Payne | February 08, 2014

The Sochi Winter Olympics will be the most expensive ever. There's no doubt it will go down as one of the greatest money grabs in history as Putin and his friends have pocketed billions. In the meantime the joint is a wreck- akin to a modern day Potemkin village. But it doesn't matter to the Russian strongman.

John Ransom | February 08, 2014

If you don’t have job creation, apparently you can just create jobs arithmetically and then hide them in a footnote to a revision*.

Chris Versace | February 08, 2014

It’s been a rough time of late -- questions are being raised about growth prospects, both for the global economy and the stock market. We’ve had more companies issue negative outlooks than we have had in some time, while the latest round of economic data has been weaker than expected.

Night Watch | February 08, 2014

These talks might serve the government's political purposes, but they were not substantive. Nothing substantive happened because the Taliban sent no plenipotentiary representatives. They sent proxies who had no authority to make binding commitments.

Daniel J. Mitchell | February 08, 2014

As tax rates get closer and closer to the revenue-maximizing point, the economic damage becomes very significant. The key point to remember is that we want to be at the growth-maximizing point of the Laffer Curve, not the revenue-maximizing point.

Peter Morici | February 08, 2014

The economy needs to add about 360,000 jobs each month to push unemployment down to about 6 percent and provide employment for those frustrated adults. That would require GDP growth in the range of 4 to 5 percent.

Nick Sorrentino | February 08, 2014

Again we ask, “Who would in their right mind loans an 18 year old, who has likely never had a real job, has likely never paid rent, and has likely never paid for a car, $50,000?” No one of course, except the federal government.

Fri, Feb 07, 2014

Mike Shedlock | February 07, 2014

This kind of broad sweep eventually had to happen. I am not sure why it took so long, but even Taxifornia is finally fed up with public unions and the damage they cause.

Charles Payne | February 07, 2014

It's been a brutal start for stocks in 2014, but when anyone evaluates it, it has to be looked at in the context of the last 13 months and the last five years. The stock market isn't a board game like Monopoly where somehow everything begins anew and all stocks are on the "GO" square ready for a roll of the dice.

John Ransom | February 07, 2014

Let’s just agree that the minimum wage plan amounts to Obamacare for the economy by "Other Means."

Doug Fabian | February 07, 2014

If you still harbor doubt that the correction in the equity markets now is underway, then all you have to do is check out a price chart of the Dow Jones Industrial Average. Monday’s steep 300-plus point drop in the Dow sent the most widely watched measure of the equity market plunging below its long-term support at the 200-day moving average.

Night Watch | February 07, 2014

Organized terrorism, like organized crime, can be stopped. Killing the fighters is not a permanent solution to the terrorist threat.

Daniel J. Mitchell | February 07, 2014

A just-released report from the bean counters at the Congressional Budget Office is getting lots of attention because the bureaucrats are now admitting that Obamacare will impose much more damage to the economy than they previously predicted.

Peter Schiff | February 07, 2014

Gold is the simplest of financial assets - you either own it or you don't. Yet, at the same time, gold is also among the most private of assets. Once an individual locks his or her safe, that gold effectively disappears from the market at large.

Ransom Notes Radio | February 07, 2014

Your friendly neighborhood orthodontist has had enough… He’s suing the Obama administration for unilaterally changing the law. Republicans in congress seem scared to go after this administration, but one lonely doctor has decided that “enough is enough.”

Thu, Feb 06, 2014

Larry Kudlow | February 06, 2014

So let me get this right. Team Obama taxes millionaires who create jobs, while Obamacare creates incentives not to work at those jobs. No wonder recovery is so anemic. The policy here is to create fewer jobs and induce people to work less at those jobs. If my logic is correct, this runs counter to the most basic principles of our economy and our country.

Mike Shedlock | February 06, 2014

What cannot be paid back won't, but that never stops officials from pretending it will. Please consider EU Said to Weigh Extending Greek Loans to 50 Years.

Charles Payne | February 06, 2014

I've argued for many years and written extensively about efforts that have made poverty so comfortable that it's hard to make the transition of taking care of one's own self. Government benefits are simply too good, and going into the workforce often means an actual reduction in income.

Night Watch | February 06, 2014

The Ba'athist government in Damascus appears to be holding its own. The best indication of increased stability is that the focus of most combat reports is the city of Aleppo, most of which has been under opposition control. The security situation generated two very strange comments by senior US officials.

Daniel J. Mitchell | February 06, 2014

Looking at labor markets, my biggest concern is the drop in labor force participation. The data from the Labor Department on the employment-population ratio, for instance, suggest a permanent reduction in the share of the population that is working.

Roger Schlesinger | February 06, 2014

The most common definition of a statesman is a person regarded as a disinterested promoter of the public good. I personally like the definition of a statesman as a person who has a bedrock of principles, a moral compass, and a vision with the ability to build a consensus.

Bob Goldman | February 06, 2014

I really wanted to write a truly terrific column for you, but I decided to take a nap instead, and by the time I woke up, there wasn't sufficient time to do anything but throw together a bunch of slapdash nonsense, like this apology.

Bill Tatro | February 06, 2014

The president’s former worldwide rock star status is merely a distant memory as fingers continue to be pointed at America’s military aggression, from the Ukraine to Sudan. How the mighty have fallen as Obama’s domestic popularity numbers continue to rival those of the much hated George W. Bush.

Ransom Notes Radio | February 06, 2014

The latest report on the Keystone XL pipeline should be making environmentalists cheer… Instead they’re stepping up their efforts to get the pipeline blocked. John talks with Cindy Schild from the American Petroleum Institute about the radical “green” agenda – and its divorce from environmental concerns.

Peter Morici | February 06, 2014

In a new report, the Congressional Budget Office once again low-balls the impact of the Affordable Care Act on labor force participation and the economy. GDP, growth and employment for most workers will be harmed.

Wed, Feb 05, 2014

Michael Schaus | February 05, 2014

So, we have people with dropped coverage, part time work, facing higher premiums (which they are forced by law to purchase) in addition to 2.5 million more “free agents” being added to the unemployment rolls. Wow… Liberal economic theory is weird...

Mike Shedlock | February 05, 2014

A huge battle between pensioners and bondholders is on. Last week, a Bond rating agency blasted Governor Rick Snyder’s $350-million Detroit pension rescue plan as being too favorable to creditors at the expense of bondholders.

Charles Payne | February 05, 2014

The mindless concession of our rights to government over the years has put government in a position to dictate so many aspects of our lives. Consequently, this has mitigated the role and responsibility we should still have.

John Ransom | February 05, 2014

Imagine a state the size of Illinois being completely unemployed. Actually you don’t really have to imagine: Illinois is trending that way anyway. Thanks Obama! Care.

Chris Versace | February 05, 2014

We’ve had more companies issue negative outlooks than we have had in some time, while the latest round of economic data has been weaker than expected. All of this has taken a toll on the major stock market indices, leaving the Dow Jones Industrial Average down more than 1,000 points from where it was just two weeks ago.

Nicholas Vardy | February 05, 2014

With U.S. and global stock markets continuing to slide this week, the long-awaited market correction may be upon us. With the Japanese market sliding 4% overnight, it now looks like the current pullback may have more to go.

Night Watch | February 05, 2014

ISIL's goal has been to unite Iraq, Syria and Lebanon into a large emirate. To accomplish this, it has waged war against other groups in Syria that also are trying to topple the Asad government in order to dominate the fight.

Daniel J. Mitchell | February 05, 2014

Why do statists support higher tax rates? The most obvious answer is greed. In other words, leftists want more tax money since they personally benefit when there’s a larger burden of government spending. And the greed can take many forms.

Bob Beauprez | February 05, 2014

The CIA Chief of Station on the ground in Libya during the attack informed his superiors that the attack was "not/not an escalation of protest." Nonetheless, Morell sanitized and altered the talking points blaming the largely unseen video for sparking a protest demonstration gone bad for the death of four Americans.

Ransom Notes Radio | February 05, 2014

Guy Benson, from Townhall, joined the show to discuss the new CBO report on Obamacare… It turns out that Obama’s signature piece of legislation will be far worse for America than we originally anticipated. Also, John wants to know who’s having a worse year: Obama or Peyton Manning?

Nick Sorrentino | February 05, 2014

I am convinced that real diplomacy can happen between groups which are fundamentally at odds. That’s really the point of diplomacy I suppose, and I think about the Biblical quote, “Blessed are the peacemakers” often when I am talking with people with wildly divergent worldviews from my own in DC and online.

John Kass | February 05, 2014

What do you do in Sochi? I just arrived here, it's late, I'm exhausted, but I'm going to find out. That is, after I sleep for about a day and a half.Before I got on the plane, I prepared for my Russian adventure. No, I didn't study a folder of clipped newspaper stories for some quickie background. I did real research. I rented some movies...

Ralph Benko | February 05, 2014

Saul Alinsky, about whom the young Hillary Rodham wrote her Wellesley honor’s thesis, was neither communist nor conventional Big Government liberal. Hillary Rodham turned down a job offer from Alinsky. She turned aside from the path of anti-establishment populist.

Tue, Feb 04, 2014

Dave Ramsey | February 04, 2014

The truth is, mom and dad shouldn’t have co-signed for their child's student loans in the first place. There’s only one reason lenders want a co-signer, and that’s because they’re afraid the person taking out the loan won’t be able to pay back what’s owed.

Mike Shedlock | February 04, 2014

Cold weather certainly did not help auto sales any, but didn't the economists know the weather was cold when they made their forecasts? I think the economy is slowing more than economists realize, even if weather is partially responsible for this.

Charles Payne | February 04, 2014

I have a serious issue with the notion that the government shutdown was such a bad thing. Sure, there were parts that should have been avoided, but any entity with 800,000 non-essential workers should be pared down for its own this case our survival.

John Ransom | February 04, 2014

The situation in Syria, we’ve learned this week, is so bad and so unstable that even Al Qaeda is beginning to disown the effort and their allies-- the same allies Obama supports.

Daniel J. Mitchell | February 04, 2014

Imagine you’re a statist and you want to raise your kids to have the same spiteful and envious mindset. What’s the best approach? Well, sending your children to a government schoolis an obvious first step.

Roger Schlesinger | February 04, 2014

Most people need to have the mortgage paid off if they wish to have a comfortable retirement. That, of course, isn't the only way to have a satisfactory retirement but it goes a long way toward insuring a happy one.

Ralph Benko | February 04, 2014

Hillary Rodham chose the path of “central power” rather than the path of “personal dignity.” There is some evidence she is not fully at peace with that decision. Much depends, for her, her party, and America, on what she does next.

Bill Tatro | February 04, 2014

The ineptly named “myRA” is the president’s newest brainchild, designed as a retirement vehicle for the so-called disadvantaged folk. As I looked in the mirror, I was sure the president was addressing me since I’m not part of that upper 1%.

Mon, Feb 03, 2014

Mike Shedlock | February 03, 2014

A couple premiums dropped, but most went up, some by huge amounts. In every case deductibles soared. Every person involved is worse off than before.

John Ransom | February 03, 2014

Imagine the NFL blacklisting someone who is outspoken about global warming, or anti-poverty programs or women’s and minority issues. They wouldn’t dream of doing it.

Political Calculations | February 03, 2014

If a considerable number of businesses might soon be seeing reduced earnings, with corresponding reductions in their expected dividend payments to their shareholders, it would make sense to focus more in the nearer term than a more distant future.

Daniel J. Mitchell | February 03, 2014

Simply stated, if Obama was concerned about low returns for savers, he should be directing his ire at the Federal Reserve, which has artificially pushed interest rates to very low levels as part of its easy-money policy.

Bob Beauprez | February 03, 2014

The Labor Bosses are not quite ready to jump to the GOP, but the universally dependable blind loyalty, open checkbooks, and armies of Democrat campaign workers may be a casualty of the bitter ObamaCare fallout.

Morgan Brittany | February 03, 2014

The unions are livid over the fact that the healthcare law does not provide subsidies for the Taft-Hartley plans (union negotiated trust funds), which affects about 20 million people.

Sun, Feb 02, 2014

Michael Schaus | February 02, 2014

The President unveiled his executive memorandum creating “MyRA” savings bonds; saying that “I could do more with Congress, but I'm not going to not do anything without Congress”. Good. Now we’re all confused. It’s nice that we have a leader who can unite us.

Mike Shedlock | February 02, 2014

Wisdom from Nobelist Milton Friedman: "the minimum wage law is most properly described as a law saying employers must discriminate against people who have low skills. That’s what the law says."

John Ransom | February 02, 2014

There’s been a real drop off in the quality of talent since Obama raised taxes on everybody. I guess the IRS scandal, the NSA scandal, and revelation of other associated good works by him haven't helped him either.

Political Calculations | February 02, 2014

Through 5 December 2013, China had increased its year-over-year purchases of U.S. soy by 33%.

Daniel J. Mitchell | February 02, 2014

Why does the National Football League have a policy prohibiting this very simple and innocuous ad from airing during the Super Bowl?

Edith Lank | February 02, 2014

Marita Noon | February 02, 2014

President Obama, you are correct when you say, “opportunity is who we are,” but your policies hurt the poor and block job creation.

Nick Sorrentino | February 02, 2014

The imperial city is run by a court. There are the Democrats and the Republicans the President and Congress, and don’t forget the Pentagon. Each tribe recognizes that so long as the state grows things get better for them.

Hunter Lewis | February 02, 2014

The Soviet Union’s collapse was an object lesson for the world. No system can survive in the long run without free prices, and wages are among the most important prices.


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