by Dan Mitchell | Apr 23, 2020 | Blogs, Economics
Remember the “jobless recovery” of the Obama years? Part of the problem was that President Obama kept extending unemployment benefits, which subsidized joblessness, as even Paul Krugman and Larry Summers had warned. The good news was that Congress eventually said no...
by Dan Mitchell | Aug 3, 2012 | Blogs, Economic Growth, Economics, Keynesian
Can we finally all agree that Keynesian economics is a flop? The politicians in Washington flushed about $800 billion down the toilet and we got nothing in exchange except for anemic growth and lots of people out of work. Indeed, we’re getting to the point where the...
by Dan Mitchell | Jul 6, 2012 | Blogs, Economics, Keynesian
Remember back in 2009, when President Obama and his team told us that we needed to squander $800 billion on a so-called stimulus package. The crowd in Washington was quite confident that Keynesian spending was going to save the day, even though similar efforts had...
by Dan Mitchell | Jun 1, 2012 | Big Government, Blogs, Economic Growth
The Labor Department just released its monthly employment report and the White House is probably not happy. There are several key bits of data in the report, such as the unemployment rate, net job creation, and employment-population ratio. At best, the results are...
by Dan Mitchell | Apr 6, 2012 | Blogs, Economics
The new unemployment numbers have been released and the White House must be somewhat happy. The joblessness rate is down to 8.2 percent, which means the number that gets the most publicity continues to move in the right direction. I’ve been predicting that Obama will...
