The Milken Institute School of Public Health at George Washington University has estimated that from a public sector viewpoint, repealing Obamacare would cost the State of California $20.7 billion in federal funding and eliminate 334,000 jobs.
President Barack Obama set the all-time record in November 2016 for the number of regulatory pages in the Federal Register at 81,640 pages, but in the last month he has pushed that record up by over 12 percent to 91,642 pages.
Donald J. Trump, the Republican nominee for president, is in a unique position to be able to tell the Wall Street lobbyists and special interests to “go to hell” while he actually fixes the U.S. economy, his senior economic adviser Peter Navarro told Breitbart News Saturday.
Israel’s economy is performing better than previously expected, the country’s Central Bureau of Statistics (CBS) reported Thursday, updating its annualized growth projection for 2016.
(AFP) – Germany’s economy, Europe’s largest, grew by 0.4 percent in the second quarter, federal statistics office Destatis said in data released on Wednesday.
Just hours after Hillary Clinton wrapped up her convention speech, government data show that the economy only grew by 1.2 percent in the second quarter.
The Commerce Department is set this July to publish a stunning 2 percent downward revision of gross domestic product (GDP) during the Obama Administration term in office.
President Obama is boasting of his economic legacy to the New York Times, asserting that his management of the economy was likely the best in modern history.
The problem facing Democrats as they roll into the 2016 election cycle is that the economy has improved just enough for the Federal Reserve to kill it with an interest-rate hike.
In fact, one of the worst things about politicized economics is the false promise that politicians know what the ideal economy looks like, never mind having solid plans for getting there. Is the ideal economy one in which everyone’s basic needs are covered? Welcome to the endless grey fog of the collectivist welfare or communist state, which always proves unsustainable and fails to deliver on those promises anyway.
Secretary of State John Kerry warned Tuesday that the U.S. Dollar may “cease” to be the world’s reserve currency should Congress vote to re-apply sanctions to the dictatorial Islamic regime in Tehran.
California’s record four-year drought will have little impact on the state’s overall economy, according to credit rating agency Moody’s.
Commerce Secretary Penny Pritzker said that despite the contraction in GDP, “things are actually pretty good” on Friday’s “Opening Bell With Maria Bartiromo” on the Fox Business Network. Pritzker said, “You know, actually, I think things are actually pretty good.
On Friday, the United States Bureau of Economic Analysis released its revised economic report for the first quarter of 2015 – and in a “surprising” and “unexpected” twist (surprising and unexpected only because Barack Obama is president and the media are constantly surprised that the Sun God cannot rain gold from the heavens), the GDP dropped -0.7%.
On Tuesday, California Governor Jerry Brown signed onto a pact between 12 regions in seven countries, including four U.S. states, binding each to reduce greenhouse gas emissions drastically. The goal of the cuts is to keep the rise in global average surface temperatures below 2º Celsius. However, recent revisions by the Inter-Governmental Panel on Climate Change suggest global temperatures are projected to rise by less than 1º C over 30 years–and perhaps by less than 0.5º C.
U.S. economic growth stalled out in the first quarter of 2015 as the domestic energy boom caused a short-term collapse in capital spending, large lay-offs in the oil industry, and a 15 percent jump in the exchange rate of the US dollar. A pattern of slowing GDP just before a consumer spending boom takes off is consistent with what happened the last time a big rise in U.S. crude oil production tanked gasoline prices beginning in 1986.
We’ve been hearing this ridiculous garbage about cold winters freezing the engines of the mighty Obama growth engine every year for the past six years. The hard, cold truth is that we’ve never had sustained growth under this President’s policies that could do anything more than slow the bleeding in the American workforce. Everything he does, from ObamaCare to his amnesty orders for illegal aliens, is a job-killer. It’s a tribute to the underlying strength of the American economy that we’re not in even worse shape.
In 2014, GDP growth bounced back in the spring and summer from a tough winter, but in the fourth quarter, it fell off to 2.6 percent. History indicates the country should be doing a lot better—simply, too many prime working-age Americans are despondent and have permanently dropped out of the workforce.
The news that U.S. GDP expanded at 5% is welcome indeed—and confirms the bullish outlook that many of us at Breitbart News have shared for the past several years. At the same time, the economy remains tough in many respects.
On Tuesday, the Commerce Department released revised GDP figures that showed third quarter growth at 5%, the strongest third-quarter growth in eleven years.
