Declining Dollar Adds to the Price of Gas as of April 20, 2012
Disappointing GDP Report: Real GDP Grows at 2.2% Rate in 1st-Quarter 2012
In what can only be termed a disappointment, the Bureau of Economic Analysis (BEA) reported that real gross domestic product advanced at an annual rate of 2.2% during the 1st-quarter 2012.
Weekly Economic Update: April 16-20, 2012
Industrial production was unchanged in March. Retail sales were up 0.8% in March. Existing home sales declined 2.6% in March while housing starts were down 5.8% and building permits rose 4.5%. Initial jobless claims edged down 2,000 to 386,000 for the week ended 4/14.
Declining Dollar Adds to the Price of Gas, April 13, 2012
Obamacare’s $4 TRILLION Tax Increase
There are many reasons Americans dislike Obamacare: its tremendous and rising costs, which CBO recently revealed to have risen by $51 billion since just last year; the Administration’s unprecedented mandate that all employers, even religious schools and hospitals, pay for employees’ ab...
Weekly Economic Update: March 19-23, 2012
Existing home sales declined 0.9% in February as new home sales fell 1.6%, housing started declined 1.1%, and building permits increased 5.1%. Initial jobless claims decreased 5,000 to 348,000 for the week ended 3/17.
Declining Dollar Adds to the Price of Gas as of April 6th 2012
Debunking the Obama-Buffett Myth on Taxes
In a speech this afternoon, the President renewed his call to enact the Buffett Rule – a minimum 30% tax on taxpayers with $1 million or more in adjusted gross income. The President began his push for a “Buffett Rule” last September 19th when he stated “people making over $1 million should not pay l...
Weekly Economic Update: April 2-6, 2012
The economy added 120,000 jobs in March as the unemployment rate edged down to 8.2%. The ISM index rose 1.0 point to 53.4 in March as the ISM services index fell 1.3 points to 56.0. Consumer credit increased $8.7 billion to $2.52 trillion in February. Autos sales were down 4.8% in March. Factory...
Weekly Economic Update: March 26-30, 2012
Personal income increased 0.2% in February; spending was up 0.8%. Pending home sales were down 0.5% in February. The Case-Shiller home price index was unchanged for the month of January. Durable orders increased 2.2% in February. GDP growth was 3.0% in the 4th quarter of 2011. Initial jobless cl...
