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Old-fashioned Main Street

Capital Spending Cut Back at U.S. Small Business — Gallup

Posted: December 13, 2012 at 9:41 am

U.S. small business owners are planning to put capital spending on hold next year, according to a recent survey by Gallup. Only 20% of business owners expect to increase capital ...
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American Optimism About Economy Springs Higher

Posted: January 4, 2011 at 5:44 am

Americans believe, by a wide margin, that the economy will be better in 2011 than it was in 2010. As a matter of fact, "Twice as many Americans think the ...
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The Wealthy Drove Holiday Spending

Posted: December 29, 2010 at 6:30 am

The well to do drove Christmas week spending this year. Perhaps the prospect of extended tax cuts was part of the fuel. According to Gallup, "An upper-income spending splurge led ...
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Late Holiday Sales Surge, Perhaps On Bush Tax Cut Extension

Posted: December 23, 2010 at 5:23 am

It is official now, or as official as anything gets. The last week of the holiday shopping season salvaged what might have been mediocre results and turned them into something ...
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Americans End The Year Unhappy

Posted: December 20, 2010 at 5:58 am

Americans are remarkably unhappy about their situations and the direction the country is going as the holiday season begins and they look toward the end of the year. "Seventeen percent ...
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Early Indications Show Rise In December Unemployment

Posted: December 17, 2010 at 10:53 am

Unemployment in December may have worsened. The federal government posted joblessness data for November which disappointed most analysts and politicians. These are people who have supported platforms which they believe ...
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Government Employment In Most States Is Above 15%

Posted: August 6, 2010 at 4:45 am

The number of government employees in Washington DC is 38% when all federal, state, and local workers are taken into account. That is really no surprise. Most of the people ...
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Chronic Unemployment Crushes Health

Posted: July 12, 2010 at 4:39 am

Chronic unemployment undermines a person's sense of freedom in a free society. That is one of the reasons the extended economic downturn, in its third year and perhaps still in ...
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American Consumer Spending Plunges As Caution Grows

Posted: July 7, 2010 at 5:23 am

Self-reported spending among American consumers fell sharply in June as compared to May, down from $72 per person to $67. The June figure is up from the same month last ...
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Consumer Confidence Slips Back To Recession Period Levels

Posted: June 25, 2010 at 4:56 am

The effects of high unemployment, a troubled housing market, and households which remain leveraged at a relatively high level have pushed consumer confidence back to rates not seen since mid-2009. ...
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The Rich Flex Their Muscles

Posted: June 10, 2010 at 6:04 am

America's upper class has begun to return to the free spending ways that characterized their behavior prior to the recession. This may be because the percentage of people unemployed among ...
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The Government’s Role In Hiring May Be On The Way Down

Posted: May 18, 2010 at 5:30 am

The most stinging criticism of the federal government's unemployment figures is that some of the improvement in recent months is based on hiring for the process of completing the Census. ...
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What, Me Worry? American Confidence Unshaken

Posted: May 13, 2010 at 7:55 am

Whether total unemployment is at 17% of the population or the housing market is still collapsing. the American tradition of confidence in the future continues. It is not unlike BP's ...
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Signs Of The Apocalypse: Federal Government Hiring Drives Jobs Growth

Posted: May 3, 2010 at 7:36 pm

The major concern about the March employment numbers is that the economy added 162,000 jobs, but of those, 48,000 were temporary workers who have been hired for the 2010 Census. Economists pointed out ...
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The Government And Press Both Get Unemployment Wrong

Posted: April 4, 2010 at 8:32 pm

The Labor Department insists that the official unemployment figure is 9.7%. Much of the media says that the government "games" the number and the real number of jobless Americans is ...
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