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CBO Keeps Spinning

The Congressional Budget Office (CBO) just released its latest concocted quarterly estimate on President Obama’s failed stimulus. CBO’s findings are as preposterous as its 11 previous studies of the stimulus, discussed here, here, and here. The story doesn’t change,...

Unemployment Rate Rises to 8.3 Percent

U.S. employers added 163,000 jobs in July, but the national unemployment rate jumped to 8.3 percent. July’s hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year, roughly the same as last year’s pace....