08.10.2023

Inflation pops back up to 3.2 percent amid oil price jump and weakening dollar despite Inflation Reduction Act and Biden’s assurances

By Robert Romano Consumer inflation in the U.S. economy remained sticky in July as prices have climbed 3.2 percent the past twelve months, up from 3 percent in June, amid climbing oil prices and a weakening dollar, according to the latest data from the Bureau of Labor […]

08.07.2023

Could the Baby Boomer retirement wave and labor shortages absorb the recession?

By Robert Romano The national unemployment rate dipped to 3.5 percent in July, according to the latest data from the Bureau of Labor Statistics , once again hitting more than 50-year lows. It’s still peak employment as far as the eye can see. Even with the past two years’ high inflation dropping dramatically and disinflation usually correlating with […]

07.31.2023

If the Inflation Reduction Act worked why is the Federal Reserve still hiking interest rates to fight inflation?

By Robert Romano Another month, and another interest rate hike by the Federal Reserve on July 26, this time to 5.25 to 5.5 percent , to combat sticky inflation that has beleaguered the U.S. economy since 2021 when consumer inflation first rose above 5 percent annualized in June 2021 to 5.4 percent , up to 7.5 percent by Jan. 2022 immediately prior to Russia’s invasion of Ukraine, and peaking at 9.1 percent in June 2022 . Since then, as global oil and other markets have stabilized from the Covid […]

07.28.2023

Most Americans say Biden is Pursuing “Bad” Economic Policies and Trump Economy Was Better

By Manzanita Miller   President Biden is attempting to run on an economic recovery message, recently touting “Bidenomics” as a victory for Americans, but polling shows voters are increasingly critical of how Biden is handling the economy. Despite claiming to be lowering inflation, Biden’s Presidential […]

07.20.2023

Republicans Are Joining Liberals to Reward Woke Retailer Target

By Rick Manning U.S. Rep. Max Miller (R-Ohio) has just delivered his support to the woke corporations that are forcing Americans to embrace their left-wing politics. He has joined Sen. Dick Durbin (D-Ill.), Sen. Roger Marshall (R-Kan.), and Sen. J.D. Vance (R-Ohio) to give more power to […]

07.12.2023

Inflation crashes down to 3 percent annualized with 2022 price spikes baked into the cake, but core inflation remains elevated at 4.8 percent

By Robert Romano Inflation over the past 12 months has crashed to 3 percent in June according to the latest data from the Bureau of Labor Statistics after a massive uptick following the more than $6 trillion that was printed, borrowed and spent into existence for Covid coupled with the economic lockdowns and production halts—literally too much money […]

07.07.2023

As hiring slows down, so does the economy

By Robert Romano The U.S. economy added 209,000 jobs in June, according to the latest establishment survey by the Bureau of Labor Statistics, less than expected as 306,000 were added in May, as hiring slowed down nationwide. Meanwhile, the unemployment rate remained about the same at 3.6 percent. Historically, […]

06.30.2023

If racial preferences in college admissions are violate 14th Amendment’s equal protection, then so do ESG’s ‘diversity, equity and inclusion’ racial and gender hiring quotas

By Robert Romano It’s a simple ruling: “Eliminating racial discrimination means eliminating all of it.” On June 29, the Supreme Court affirmed Title VI of the Civil Rights Act, 42 U.S. Code § 2000d’s prohibition on racial discrimination in federally funded programs, including higher education, at both public and private universities, in […]

06.29.2023

Biden says America is the ‘strongest economy in the world’ but is the recovery already in the rear-view mirror?

By Robert Romano President Joe Biden wants to run on the strength of the U.S. economy , in a June 28 campaign speech in Chicago Illinois , touting the U.S. as the “strongest economy in the world”. He might not have much choice — presidents are judged by the health of the economy in many respects when […]

06.28.2023

‘Bidenomics’ are leaving Americans behind with permanently higher prices, interest rates and a lower standard of living

By Robert Romano “When you think about wages going up, when you think about inflation at its lowest by more than 50 percent than it was a year ago, that’s because of the work that this President has done.  And he’s going to continue to focus on […]

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