Recession may be over, but effects still here

T echnically, the recession ended last year. So say experts who calculate such things. Most people probably didn’t notice. The national unemployment rate hovers at 9.6 percent. We imagine out-of-work Americans don’t feel a year removed from recession. Sales in many industries continue sluggish. In some industries, worse than sluggish. Those folks probably don’t feel […]

Easing taxes on corporations benefits economy

As the U.S. economy pops its nose up out of the whirlpool of recession, every effort should be made to keep from going back under, for a “double dip” recession. A major area of action should be the high tax rates paid by U.S. corporations. Although corporations are attacked for having “excess” profits, every dollar […]

Job creation numbers grossly inflated

Last week marked the first anniversary of the American Recovery and Reinvestment Act, popularly known as the Obama stimulus package. The White House, not surprisingly, put on a full-court press, releasing a report that claimed the stimulus saved the country from having a recession degenerate into a full-blown depression, “saving or creating” some 2 million […]

Recession not over until job recovery secure

Freedom New Mexico Washington intervention isn’t saving or creating jobs, so more is coming. Figures released this month showing unemployment nationally at 10.2 percent suggest those who proclaimed the end of the recession when GDP rose 3.5 percent during the third quarter were more than a little premature. Is a “jobless recovery” really a recovery? […]

Business Feature: Retailers say business steady

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CNJ file photo North Plains Mall Manager Cindy Banister said the mall is showing economic gain in spite of the recession. Monday, economists announced the recession is nearing an end. By Sharna Johnson: CNJ staff writer While economists are declaring the recession nearly over, many Clovis businesses say they never felt it and the city’s […]

Bush calls for speedy tax relief in face of recession

The Associated Press WASHINGTON — With recession fears rising and the stock market tumbling, President Bush on Friday called for up to $150 billion in tax relief for consumers and business — and said there was no time to waste. Bush’s urgent remarks gave fresh impetus to congressional leaders already hard at work on an […]

Dow’s big drop doesn’t warrant intervention

By Freedom Newspapers Well, Tuesday was certainly a dramatic day on the stock market, wasn’t it? When the Dow industrials fall 416 points in a single day — even though 3.3 percent is not all that precipitous a decline — people tend to notice and ask questions. Does it signal the end of the Bush […]