Federal Government
The Ginn Economic Brief: U.S. Economic Situation— April 2024
Navigating Economic Challenges: A Call for Pro-Growth Policies in America As we navigate the complexities of the U.S. economy, the recent data from March 2024 underscores a pivotal truth: we must return to free-market principles that foster abundant prosperity. Amidst…
Biden Green-Lights $1.2 Trillion Spending Bill
President Biden’s recent signing of the $1.2 trillion federal spending package has served as a reminder of the Federal Government’s addiction to spending money. Specifically, taxpayer money. Despite the staggering trillions in federal debt, Biden’s endorsement of the bill fails…
Biden’s Budget is a Disaster for America
The negative impact of Bideonomics on everyday Americans has been profound. With the federal government’s lavish spending and ever-rising debt, the cost of living has soared, putting a strain on households across the nation. Despite the evident consequences, the Biden…
The Ginn Economic Brief: U.S. Economic Situation—February 2024
Highlights Figure 1: Real Average Weekly Earnings Remain Down 4.4% Since January 2021 Source: Fed FRED Labor Market The Bureau of Labor Statistics recently released its U.S. jobs report for January 2024, which was another mixed report with some strengths…
Inflation Surges, Clouding Economic Outlook
Inflation shot higher than expected in January. The latest Consumer Price Index (CPI) report has thrown a wrench into the expected timeline for Federal Reserve rate cuts, as inflation figures for January came in higher than anticipated. The report revealed…
Federal Budget Deficit Has Nearly Doubled Under President Biden
The federal budget deficit has doubled from one year to the next a few times before. Usually, those occurrences happen in conjunction with economic bad news, something the current administration consistently says does not exist. The Numbers Game First off,…
Stopgap Passage Results In Vacating McCarthy’s Speakership
In recent developments, the budgetary decisions and the political maneuvering in the U.S. Congress have taken an unforeseen turn, spotlighting the fiscal discourse that underpins our nation’s governance. The passage of the stopgap resolution, a temporary measure to prevent a…
Federal Reserve’s Upcoming September Meeting
Rate Hike Speculation and Recession Concerns for 2024 On Tuesday and Wednesday of this week, the Federal Reserve’s Federal Open Market Committee (FOMC) will meet to discuss the state of the US economy, the ongoing threat of inflation, and possible interest…
Stop the Spending Spree: US Freedom Caucus Opposes Status Quo as Possible Shutdown Looms
With the Federal Government’s fiscal year rapidly coming to an end on September 30th, Congress must pass a “continuing resolution,” on spending, or once again face a partial government shutdown. This continuing resolution is essentially a temporary spending bill, using…
August Jobs Report: Rising Unemployment and Dissatisfaction
The US economy under President Biden continued its mellow pace in August, as Americans continued to strain under the burdens of record inflation, rising interest rates, and economic uncertainty. The U.S. Bureau of Labor Statistics released its raw jobs report…
Continued Uncertainty on the Economic Horizon
It has now been more than three years since governments across the country forced us into an artificial recession in response to COVID-19, interrupting some of the greatest economic growth and prosperity under President Trump that America had seen in…
Systemic Struggles: Recent Bank Failures and Their Implications
With all the recent talk of extraterrestrial aliens and Ukraine, you might have missed the recent news story of yet another bank failure in the United States this year. July saw another bank failure in the United States, the Heartland…
EXPLAINER: Federal Interest Rates
What They Are and How They Affect You Last week, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) increased the Federal Funds Interest Rates to 5.25-5.50%, for a 22-year high. This follows almost a year and a half of…
Bidenomics: Exposing the Marxist Road to American Communism
The year is 2035. Kamala Harris is in her second term as president of the United States, after serving as vice president under Joe Biden for eight years. The “Inflation Reduction Act 5.0″ and the third iteration of the Green…