Study: Government regulation leading to poverty in California

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A new study looking at the staggering poverty rate in California showed that Government regulation has played a significant part in it. Miles Institute: One of the biggest problems California is facing right now, though, is that government interventions in the marketplace are making it harder and harder to produce more stuff, thus driving up […]

SORRY OBUMMER: Economy to break 13-year​ streak of poor growth

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According to new economic predictions, the economy is about to break its 13-year streak of poor growth. Breitbart: The latest readings of gross domestic product see the economy growing at well above three percent in the final quarter of 2017. The GDPNOW predictor run by the Atlanta Fed forecasts 3.3 percent GDP growth. The New […]

Feds collect record $390B in income tax still ran $225B deficit

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The Federal Government collected record income taxes in Q1 of 2018 and yet was still not able to pay its bills. CNSNEWS: The federal government collected record individual-income-tax revenues through the first quarter of fiscal 2018 (October through December), according to the new Monthly Treasury Statement. This was the last quarter before the new tax-cut […]

Report: Trump going softer on NAFTA, worried it will affect Stock Market

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A new report from Axios gives us more insight as it pertains to Donald Trump’s stance on NAFTA. Axios: The White House will never admit this publicly, but the president is developing a softer attitude towards the North American Free Trade Agreement (NAFTA). Five sources who’ve spoken privately with Trump about NAFTA say he’s taking […]

Report: Fearing US leaving NAFTA Fiat Chrysler moving plant from Mexico to Michigan

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On Thursday Fiat Chrysler announced it was moving its plant from Mexico to Michigan. Reuters: Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) said on Thursday it will shift production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move that lowers the risk to the automaker’s profit should President Donald Trump pull the United […]

Report: 90% of wage earners will see higher take-home pay

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According to new numbers from the U.S Treasury 90% of wage earners will see higher take-home pay. CNN Money: The U.S. Treasury and the IRS on Thursday put out new guidance and withholding tables for employers that incorporate changes from the new tax law. Under those new tables, the Treasury estimates that 90% of people […]

Report: Credit Card debt hits record high, experts worried

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According to new numbers from the Federal Reserve, credit card debt has hit an all-time high. USA TODAY: Americans’ outstanding credit card debt hit a new record in November, highlighting a more confident U.S. consumer but also flashing a warning signal of potential trouble down the road. Revolving credit, mostly credit cards, increased by $11.2 […]

Report: 10 Percent of Amazon’s Ohio Workforce on Food Stamps

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BY: David Rutz Amazon ranks high on a list charting Ohio’s employers with the most workers and their family members on food stamps, with a new report estimating more than 10 percent of its workforce in the state qualifies for the federal aid. The progressive policy group Policy Matters Ohio stated, as of August, Amazon had […]