Tag Archives: economy

More Unemployment Blues

If you’re the glass-half-full type, you might think it’s good news that the nation’s unemployment rate was largely unchanged from May to June. It crept up just 0.1 percentage points to 9.5 percent. But that also means that the original projections from President Obama’s economic advisers on what would happen …
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Blame It on the Governor

Two new Republican ads targeting New Jersey Gov. Jon Corzine contain a few misleading claims. One ad suggests that Corzine is responsible for New Jersey’s business climate being “among the worst in the nation.” But the survey cited as the source of the claim shows that the perception of …
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Making Sense of Stimulus Spending

With the economy continuing to shed hundreds of thousands of jobs per month, Republicans are stepping up attacks on President Obama. They claim that the massive “stimulus” spending isn’t working very well. A Republican Party Web site classifies as “fiction” the president’s repeated claim that the spending already has “saved …
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Privately Owned Gun Tax?

Q: Would Senate bill 2099 put a yearly $50 tax on each privately owned firearm? A: There is no such bill. A chain e-mail containing bogus claims refers to a bill that died more than eight years ago.

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“Dealergate”: Mistaking Anecdotes for Data

Ever since Chrysler announced that it wanted to shed 789 of its 3,188 nationwide dealerships, speculation and outright accusations have circulated to the effect that Republican donors were being singled out. The list of dealers slated for closing contained some who had given to Republican candidates, and far fewer who …
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Tax Cut Ads Clip Some Details

The Democratic Congressional Campaign Committee announced on June 1 a radio ad and robo-call campaign against several congressional Republicans for voting against the American Recovery and Reinvestment Act (a.k.a. the stimulus bill). However, the attacks don’t tell the whole story. For instance, the ad aimed at Republican Rep. Peter King …
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Cap-and-Trade Cost Inflation

Leading Republicans are claiming that President Obama’s proposal to curb greenhouse gas emissions would cost households as much as $3,100 per year. The Republican National Committee calls it a “massive national energy tax.” But the $3,100 figure is a misrepresentation of both Obama’s proposal and the study from which the …
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Drop in the Bucket? See for Yourself.

In our "What’s in a Number" post on May 7, we noted a clever video by Salt Lake City software developer Matt Shapiro, showing how little $100 million in savings would amount to when compared with the $3.6 trillion in federal spending being proposed by President Obama (about one-quarter of …
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What’s in a Number?

On April 20, President Barack Obama caused a bit of a splash when he gathered members of his Cabinet and directed them to cut (collectively) $100 million in expenses within the next 90 days. Now that sounds like a lot of money. And we’re not ones to complain about cutting …
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Fantasy Jobs?

At President Obama’s April 29 news conference, he claimed that the American Recovery and Reinvestment Act has "already saved or created over 150,000 jobs." Wait a minute. Isn’t the number of jobs actually plummeting? According to the Bureau of Labor Statistics, the economy lost more than 1.3 million jobs in …
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