Americans remain convinced of Washington’s culpability in the economic crisis from which the country is still struggling to recover, according to a pair of new polls. The ongoing “Occupy” protests notwithstanding, Americans are more likely to blame the federal government than the financial sector for the country’s economic woes. According to a poll conducted by The Hill, 56 percent of likely voters believe Washington is “more to blame” for the economic crisis. Only 33 percent said Wall Street shoulders most of the culpability. That poll phrased the question as an … More

Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe The Great $16 Muffin Myth – Kevin Drum, Mother Jones Global Meltdown: Investors Are Dumping Nearly Everything – Patti Domm, CNBC US walks out as Iran delivers anti-US speech – Edith M. Lederer, Associated Press Boehner: ‘There’s no threat of a government shutdown’ – Nicholas Ballasy, The Daily Caller Bill Clinton: Obama’s Approach to the Deficit is ‘A Little Confusing’ – Real Clear Politics Census: Recession takes big toll on … More

News on Thursday that there were more new jobless claims last week than initially expected gives new weight to the words of a pair of business leaders who recently singled out President Obama and his big-government approach to economic policy as key impediments to economic recovery. Stephen Wynn, CEO of the Las Vegas-based casino company Wynn Resorts, lit into Obama’s policies during a company conference call on Monday. The Obama administration has been “the greatest wet blanket to business and progress and job creation in my lifetime,” Wynn insisted, due … More

The economy is recovering at an unusually slow pace. Typically, employment grows strongly after a severe recession. Not this time. Unemployment remains stuck above 9 percent more than two years after the recession officially ended. What is going on? Initially, the economy appeared on track for a steady recovery. The economy went from losing 841,000 jobs in January 2009—the recession’s low point—to gaining 229,000 jobs in April 2010. By the spring of 2010, the Administration confidently predicted a “Recovery Summer.” But that spring, Congress also passed President Obama’s health care … More

Whom has the recession hurt the most? There is no easy answer to that question—job opportunities have diminished for every ethnic and demographic group. But one of the worst hit groups has attracted little media attention: the youth. Younger Americans overwhelmingly voted for Obama in 2008, but the Obama economy has not treated them well: Unemployment highest for young workers. Younger workers are bearing the worst of the recession. The unemployment rate for those 16–24 years old is 17.3 percent. The unemployment rate for those 25–34 is 9.6 percent; 35–44: … More

Whom has the recession hurt the most? There is no easy answer to that question—job opportunities have diminished for every ethnic and demographic group. But one of the worst hit groups has attracted little media attention: the youth. Younger Americans overwhelmingly voted for Obama in 2008, but the Obama economy has not treated them well: Unemployment highest for young workers. Younger workers are bearing the worst of the recession. The unemployment rate for those 16–24 years old is 17.3 percent. The unemployment rate for those 25–34 is 9.6 percent; 35–44: … More

It’s not Eminem or Dre, not East Coast or West. It’s economists Hayek and Keynes, and Congress can’t decide who gets it best. They’re battling it out on the mean streets of DC, to see who can fix the economy…. Sometimes, the best way to get a point across is to bust a rhyme, and…

It’s not Eminem or Dre, not East Coast or West. It’s economists Hayek and Keynes, and Congress can’t decide who gets it best. They’re battling it out on the mean streets of DC, to see who can fix the economy…. Sometimes, the best way to get a point across is to bust a rhyme, and…

An excellent article from Ron Paul describing the “recovery” that we’re supposedly experiencing and the likelihood of inflation or hyperinflation. Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing…