Dismal Stats Tell Story of Failed Policies
Posted in Main Blog (All Posts) on June 3rd, 2011 4:31 am by HL
Dismal Stats Tell Story of Failed Policies
Larry Kudlow, National Review
With a flamboyant downgrade of the outlook for economic growth, jobs and profits, Wednesday's 280-point Dow plunge to launch the so-called June stock swoon is a warning shot across the bow. The Dow tanked alongside a batch of dismal economic data. The ISM manufacturing index, ADP employment, Case-Shiller home prices and consumer confidence are all pointing to 2 percent growth or less, rather than the kind of 5 percent growth we ought to be getting coming out of a deep recession.The economy now looks like a Government Motors engine that's stalling out. Or perhaps, with energy and…
Obama May Be Headed for Electoral Disaster
Nile Gardiner, Telegraph
On a recent visit to London I was struck by how much faith many British politicians, journalists and political advisers have in Barack Obama being re-elected in 2012. In the aftermath of the hugely successful Special Forces operation that took out Osama Bin Laden and a modest spike in the polls for the president, the conventional wisdom among political elites in Britain is overwhelmingly that Obama will win another four years in the Oval Office. Add to this a widespread perception of continuing disarray in the Republican race, as well as a State Visit to London that had the chattering…
