Forget the 4.9% Unemployment Rate; 95 Million are not Working

New government data shows that job growth slowed in January.   According to the Bureau of Labor Statistics, the economy added 151,000 new jobs and the unemployment rate went down to 4.9 percent. But the low unemployment numbers are partially distorted by the low 62.7% labor participation rate that continues to dominate the so-called “Obama Recovery.” […]

The Superbowl of Jock Taxes

For anybody who thinks that professional athletes get paid too much, here is an interesting article from Forbes on the “jock tax.”  According to K. Sean Packard, Carolina Panthers quarterback Cam Newton will be hit with a hefty tax bill simply for playing in the Superbowl, located this year in Santa Clara, California.  His tax […]

Walmart’s Decision Not to Build Two More Stores in D.C. is no Surprise

After “promising” back in 2013 to build two stores east of the Anacostia River in Washington, D.C., Walmart has announced it will no longer do so.  One reason, according to the Washington Times, is that their three existing stores in D.C. are not performing as well as hoped.  But according to Townhall, the company also cited high building […]

SOTU: Obama’s “Rigged” Economy

But there are other areas where it’s been more difficult to find agreement over the last seven years – namely what role the government should play in making sure the system’s not rigged in favor of the wealthiest and biggest corporations.  And here, the American people have a choice to make… …Most of all, democracy […]

Last Week’s Washington Update

The U.S. economy created more jobs last month, although the labor participation rate remains historically low. U.S. stocks tanked this week as Communist China tries to figure out how to run their stock market.  North Korea says they tested an H-bomb, but did they really?  Saudi Arabia and Iran are in the midst of a […]

Can the Job Market Continue to Pick Up Momentum?

Before I perused this morning’s employment summary from the BLS, I was not expecting much good news. While overall there is nothing spectacular to write about, there are some glimmers of hope.  The unemployment rate sat at 5 percent at the end of December, no change from last month.   But this does not tell us […]

Washington Update: A Review of 2015 and a Preview of 2016

At the beginning of 2015, for the first time in a decade, Republicans took control of both chambers of Congress. For the past several years, Sen. Harry Reid and the Democratic majority in the Senate had essentially blocked all substantive legislative activity, including basic Congressional necessities like passing a federal budget.   When Sen. Mitch McConnell […]

It’s That Time Again…for Tax Extenders

Congress and the Administration approved the FY 2016 Consolidated Appropriations Act nearly two weeks ago, which will fund the federal government through September 30, 2016 to the tune of $1.149 trillion. The Omnibus bill includes $548 billion in defense spending, $58.8 billion for the War on Terror and $518 billion in non-defense spending. (Remember those spending caps in the Budget […]

Are Holiday Yard Inflatables On the Way Out?

Update:  I ran the following blog post last year in response to the ubiquitous inflatable yard creatures that are found in most neighborhoods.  But this year there seems to be far fewer.  Could they be just a passing trend?  Your thoughts? First, let me start by saying I love the free market – whether it be the marketplace […]

Texas’ Gold Is Coming Home

In June of 2015, Texas Governor Greg Abbot signed House Bill 483 which establishes the first state-level gold bullion and precious metal depository.  The bill, authored by Rep. Giovanni Capriglione (R) and Sen. Lois Kolkhorst, would transfer the $650 million in gold bullion owned by the University of Texas Investment Management Co. currently being held in […]