Economy
The Longshoreman Strike and Its Impact
The ongoing strike of longshoremen at major U.S. ports is a disruption with widespread consequences for American industries, businesses, and, most importantly, taxpayers and families. As the backbone of international trade, American ports handle an immense volume of imports and…
What the Fed’s Interest Rate Cut Could Mean
The recent decision by the Federal Reserve to slash interest rates by half a percentage point has sent ripples through the economic landscape, raising crucial questions for fiscal conservatives. While some may tout this move as a necessary step to…
The Ginn Economic Brief: Texas Economic Situation – Summer 2024
Texas at the Crossroads: Sustaining Leadership Amid New Challenges Texas has long been at the forefront of job creation in the U.S., consistently outpacing other states, particularly since the COVID lockdowns. However, recent data from the Bureau of Labor Statistics…
New Federal Regulations, How Will Small Businesses Be Affected?
Thousands of Texas business owners will be faced with unjust fines from the federal government for failure to complete newly implemented Beneficial Ownership Information reports. In compliance with the Corporate Transparency Act, which was passed by Congress in 2021, companies…
Let Americans Prosper Project: Ensuring Fiscal Sustainability for America’s Future
This commentary was originally published at VanceGinn.com here. It is being republished with permission from the author. Executive Summary The United States faces a critical fiscal crisis due to the lack of robust economic growth and excessive government spending. This leads…
Biden Drops out of Presidential Race
After years of clear cognitive decline, President Biden suspended his presidential campaign over the weekend. This comes after a terrible debate performance in which Biden clearly failed to defend Bidenomics and the disasters his policies have caused. Since the get-go,…
Biden Boasts Job “Growth” and Economic Success, Reality Paints a Different Picture
When the COVID-19 Pandemic emerged at the height of a booming economy, the American people went into a near-nationwide shutdown. With the population locked in their homes, unemployment expectedly spiked to unprecedented levels. As the pandemic and accompanying lockdowns receded…
The Ginn Economic Brief: Texas Economic Situation – March 2024
Overview The U.S. Bureau of Labor Statistics provides Texas’ labor market data to examine how people are doing across the state. Figure 1. Texas Labor Market by Industry Source: U.S. Bureau of Labor Statistics Figure 2: Real Gross Domestic Product…
The Ginn Economic Brief: U.S. Economic Situation—March 2024
Highlights Figure 1: Real Average Weekly Earnings Remain Down 4.2% Since January 2021 Source: Fed FRED Labor Market The Bureau of Labor Statistics recently released its U.S. jobs report for February 2024, which was another mixed report with some strengths…
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…
The Ginn Economic Brief: Texas Economic Situation – January 2024
While the Texas economy continues to be one of the best in the country, the state must not rest on its laurels. This is because other states are becoming more competitive, and recent efforts by the Texas Legislature have headed…
Fact-Checking Biden
Social Media Shines a Spotlight on Joe Biden’s Economic Falsehoods In the nearly three years of his presidency, Joe Biden has left a trail of known failures and questionable (and often nonsensical) statements. That legacy continued recently when, not once,…
Counting our Blessings this Thanksgiving
It is that time of year again; the Holiday season is upon us. As we observe Thanksgiving this week, Americans across the country will travel and come together, with family and friends, to celebrate. As we gather around the Thanksgiving…
Federal Reserve Holds Steady
The Federal Reserve holds interest rates at current levels, but the future outlook is more uncertain. At their September meeting held last week, The Federal Reserve’s “Federal Open Markets Committee” (FOMC) declined to increase Federal Funds Interest Rates further and…
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…