Keith Hennessey: CBO Baseline Projection Analysis
The Grumpy Economist: Protectionist Environmentalists
George Will: Obama’s 2014 Plan
George Will: Obama’s 2014 Plan
A cynical person might argue that Obama will be more successful if gun rights and immigration reform fails. Democrats are seeking wedge issues for 2014 and regaining the House is the real political objective.
Acemoglu & Robinson: Paper on Political Calculations in Economic Analysis
May Day Reading: Pictures of a Socialist Future
May Day Reading: Pictures of a Socialist Future
From the Ludwig von Mises Institute
WSJ: U.S Jobless Claims Down
“Initial jobless claims, a proxy for layoffs, decreased by 18,000 to a seasonally adjusted 324,000 in the week ended April 27, the Labor Department said Thursday. That’s the lowest level for claims since January 2008, just after the last recession started.”
GDP Growth at 2.5%
Although short of analyst expectations, 2.5% growth is far better than the measly .4% growth last quarter. Disappointingly, GDP has not reached 3% growth (~US historical norm) over the entire recovery period.
