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By ALLAN H. MELTZER,The Wall Street Journal The administration’s stimulus program has failed. Growth is slow and unemployment remains high. The president,his friends and advisers talk endlessly about the circumstances they inherited as a way of avoiding responsibility for the 18 months for which they are responsible. But they [...] Investors Business Daily Economy:Now that the bad news of Chicago’s failure to land the 2016 Olympics is out,can we move on and do something about an economy that’s bleeding jobs? Almost lost in the Olympic hoopla was news that the U.S. shed 263,000 jobs in September and [...] By Martin Crutsinger,Yahoo Finance Foreign demand for long-term U.S. financial assets dropped by the largest amount in four months in May,as Japan and Russia trimmed their holdings of Treasury securities. The Treasury Department said Thursday that foreigners actually sold $19.8 billion more long-term U.S. securities than they purchased in May. That compared with [...] By Shobhana Chandra,Bloomberg Obamanomics- real unemployment reaches 16.5% Employers in the U.S. cut 467,000 jobs in June,the unemployment rate rose and hourly earnings stagnated,offering little evidence the Obama administration’s stimulus package is shoring up the labor market. The payroll decline was more than forecast and followed a [...] | ||
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