The Great Depression… The Great Recession… But what are we in today? This government-caused economic downturn is unlike anything we have ever experienced. Never have we seen anything of this magnitude. So, what should this recent catastrophe be called? Gene Epstein has coined the term ‘The Great Suppression’. How government has suppressed business The economy…
Initial claims for unemployment insurance soared to 6.65 million for the week ending March 28, exceeding last week’s shocking 3.3 million, and dwarfing the previous high of 695,000 in October 1982. During the Great Recession in 2008-09, total job losses were 8.8 million over 25 months versus a total of 9.96 million initial claims…
Brad Sylvester on February 26, 2019 President Donald Trump claimed Feb. 15 that former President Barack Obama “put on more debt on this country than every president in the history of our country combined.” Verdict: True Public debt more than doubled in the eight years of Obama’s presidency, rising from $6.3 trillion to $14.4 trillion. Gross federal debt –…