The recent announcement that the GDP grew in the third quarter at an annualized rate of 3.5 percent was referred to by Treasury Secretary Tim Geithner as proof that the economy is finally improving. But a quick glance at history demonstrates that this is not the case.
Between 1934 and 1937—during the heart of the Great Depression—GDP grew at by an average of 9.5 percent annually. In 1934, GDP grew by nearly 11 percent, but it would be six more years…
My good friend and Bureaucrash ally Xaq Fixx recently altered me to an interesting story on the intersection of politics, technology and free speech. It seems that the state government of California, through the California Employment Training Panel, is paying contractors who train in-state workers in new skills - an effort to boost the Golden State’s notoriously sagging economy. Nothing too unusual there.
Enter SF Weekly’s Matt Smith, who noticed that the list of recipients of this state-subsidized training were employees of Cybernet…
An update from our very own Ivan Osorio:
Sen. Arlen Specter (R-Penn.) is expected to announce this afternoon that he plans to vote against cloture on the so-called Employee Free Choice Act, according to Grover Norquist, president of Americans for Tax Reform, who was called by Specter’s office. He announced this at the Capital Research Center labor conference, at which I spoke on a panel this morning.
CongressDaily is also reporting the news.
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