Apparently Chapman economists didn’t teach the governor or the controller good economics, so they say jokingly.
Chapman predicts California will be 17 billion dollars in the hole next year. This comes on the heals of President Obama announcing he would be dividing up 16 billion in stimulus funds for states…so California [...]
“In discussions with dozens of health-care leaders and economists, I find near unanimity of opinion that, whatever its shape, the final legislation that will emerge from Congress will markedly accelerate national health-care spending rather than restrain it. Likewise, nearly all agree that the legislation would do little or nothing to [...]
Ten months ago, just days before a new dawn in America, then President-elect Barack H. Obama told us that
Economists from across the political spectrum agree that if we don’t act swiftly and boldly, we could see a much deeper economic downturn that could lead to double-digit unemployment and [...]
National unemployment rate hits 10.2%. Economists had forecast an increase to 9.9%.
Since December 2007, employers have shed 8.2 million jobs, sending the unemployment rate up 5.3 percentage points. The ratio of job cuts to losses in gross domestic product, or GDP, in this recession' [...]
