Free Republic

The labor force participation rate in April 2014 for Americans ages 25 to 29 hit the lowest level recorded since 1982, when the Bureau of Labor Statistics (BLS) started tracking such data.

ObamaCare isn't the only massive failure that has been foisted on the nation by this Regime. America is currently being hobbled by a litany of federal government debacles. It's gotten to the point that it's hard not to conclude that government malfeasance - gross mismanagement, waste, fraud and abuse - is a feature of this administration, not a bug: There is Benghazi, Libya. Fast and Furious. The Internal Revenue Service (IRS) abuse of conservative and Tea Party groups. The National Security Administration (NSA) spying on just about everyone on the planet. And oh so many more ... "People don't like...

A Market Forecast That Says ‘Take Cover’ WITH the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely. Prechter is convinced that we have entered a market decline of staggering proportions — perhaps the biggest of the last 300 years. ...... Originating in the writings of Ralph Nelson Elliott, an obscure accountant who found repetitive patterns, or “fractals,” in the stock market of the 1930s and ’40s, the theory suggests that an epic downswing is under way, Mr. Prechter...

Stocks buckled Thursday under the growing belief that the global economy is weaker than many investors expected and is likely to stop the U.S. labor market from rebounding in the coming months.

New York, N.Y. — November 16, 2009 — As President Obama continues his trip through Asia this week, he is trying to sell both himself and his policies on the other side of the world. When he makes it back to the United States, he may have to do the same type of sell here as his approval ratings continue their downward spiral with Americans believing that the country as a whole is moving in the wrong direction. The President, and Congress for that matter, need to do something positive in the eyes of the American public to stand a...

President Obama has dispatched his best and brightest, unleashed hundreds of billion of stimulus money, used his political clout and soaring but pragmatic speeches without getting the economic engine restarted. When he took office on January 20, the Dow was at 9625, and it closed today at 6546, down 32 percent in the last 50 days.

The cluster of special federal tax benefits and subsidies for homeowners has long seemed politically untouchable. Those include deductions for mortgage interest, local property taxes and capital gains exclusions on up to $500,000 in sale profits. Is the Obama administration serious about beginning to limit at least some of these subsidies?

They are not listening. The president is not listening. His advisers are not listening. They are not watching or listening to the stock market. It seems to be meaningless to them. ... But there should be some sense that the market is totally falling apart and that we could be at levels that will wreck so many people's live savings -- yes, there is that much in the market -- that it wouldn't be so bad to say, "Here are my goals, I want to do cap and trade, I want to make it so we are being prudent about...

Cannot post due to sourcing issues, but the compendium of financial news wires is very specific. On a day when markets are usually up on hope and anticipation, they are down to record lows worldwide. It will get MUCH worse.

For John McCain and the Republicans, there’s nowhere to go but up. Cut through all of the self-congratulatory talk about how foresighted and responsible they were in voting for the $700 billion mortgage bailout and the truth is that the GOP today is staring into a political abyss. The stock market has fallen, and the remarkable political bounce that Republicans had gained with Sarah Palin’s vice-presidential nomination is gone. Obama has surged into the lead in the polls by depicting McCain as out of touch, aided by the Arizona senator’s erratic, muddled performance on the bailout. First, he temporarily suspended...