by Dan Mitchell | Feb 2, 2012 | Blogs, Economic Growth, Economics
On this day last year, I posted two charts that I developed using the Minneapolis Federal Reserve Bank’s interactive website. Those two charts showed that the current recovery was very weak compared to the boom of the early 1980s. But perhaps that was an unfair...
by Dan Mitchell | May 6, 2011 | Big Government, Blogs, Economics, Government Spending
The Labor Department released its latest job numbers today and they remind me of Clint Eastwood’s 1966 classic, “The Good, the Bad, and the Ugly.” The good news is that the economy created 244,000 new jobs, the biggest gain in almost one year. And the jobs were in the...
by Dan Mitchell | Apr 29, 2011 | Blogs, Economics
Both President Reagan and President Obama had to deal with serious economic dislocation upon taking office. But they used radically different approaches to deal with the problems they inherited. Reagan sought to reduce the burden of government, whereas Obama viewed...
by Dan Mitchell | Feb 2, 2011 | Big Government, Blogs, Government Spending, Taxation
Ronald Reagan would have been 100 years old on February 6, so let’s celebrate his life by comparing the success of his pro-market policies with the failure of Barack Obama’s policies (which are basically a continuation of George W. Bush’s policies, so this is not a...