Media continues to cover for Obama, even on the economy
No surprise here, eh? That must explain why he’s still getting good marks on the economy, even if his approval numbers on spending and the deficit are below 50% now.
Raising the minimum wage leads to job losses in American Samoa
Diana Furchtgott-Roth, former chief economist in the Bush Labor Department, provides an update on how the raising of the minimum wage has been a job killer in American Samoa:
Yet another GOP warning the Democrats ignored
Turns out, the GOP’s warnings about the possible collapse of Fannie Mae and Freddie Mac – and our overall economy as a result – weren’t the only ones Democrats ignored during the Bush years. Take a look at this quote from Harry Reid back in 2005 (via MM):
Fading capitalism
(H/T – Doug Mataconis)
NYT writer endorses fascist economics!
Sounds like a crazy headline, doesn’t it? Something written by a black helicopter-fearing loony from his underground bunker somewhere in the mountains? Yet that’s exactly what author David Leonhardt did last week when writing about President Obama’s trip to the economic summit: Stimulus Thinking, and Nuance
There’s no way out of TARP
(H/T – Lawhawk)