The Radford Free Press – Page 288 – All life is problem solving.

Economics / exports, imports, trade deficit /

US Trade Gap Worsens: Oil. What’s New?

July 12, 2011

Today’s trade report is not good. The gap between imports and exports rose to $50.2 billion in May. That’s a 15% jump. By itself that suggests that trade will have a negative impact on GDP when the final numbers are put together. Then again maybe not. Most of that negative shift in May came from […]

Economics / Bush, Obama, Orrin Hatch, taxes, unemployment, wages /

Inequality Intrudes

July 11, 2011

Senator Orrin Hatch made a fool of himself last week when he seemed to suggest that the poor were not paying their share of taxes. The middles class, he said, is paying too much, so we should not reverse the Bush tax cuts on the wealthy. After all, he argued, is a $200,000 a year […]

Economics / consumer confidence, consumption, deficits, jobs, Obama, recovery, unemployment, wages /

This Stinks – A Rotten Jobs Report

July 8, 2011

Sorry. There is no other way to describe today’s employment report. It stinks. There is no saving grace. No excuse. No special circumstance to suggest it is an aberration. No. It just stinks. One of the reasons I didn’t comment about this week’s ADP payrolls report was that I felt it would misrepresent things. In […]

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