Mike Flynn

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Miss: Retail Sales Disappoint

The Commerce Department reported Thursday that retail sales unexpectedly fell 0.4% in January. Economists had expected sales to be unchanged from December. The agency also revised December retails sales downward. An initially report 0.2% increase was revised to just a 0.1%. Retail sales constitute a huge percentage of overall economic activity. The disappointing sales number are consistent with other data signaling a slowdown in the economy. Feb 13, 2014 8:06 AM PT

Surrender: GOP to Push 'Clean' Debt Ceiling Increase

Just one day after unveiling a plan to link a lift in the debt ceiling to restoring cuts to military pensions, House Speaker John Boehner announced on Tuesday that he would push a "clean" debt ceiling increase. Under a "clean" bill, the nation's debt ceiling would increase without any corresponding spending cuts or policy changes. Feb 11, 2014 7:17 AM PT

Black Teen Unemployment Jumps to 38%

The black teen unemployment rate spiked to 38% in January. The dramatic increase represented almost a 10% increase over December's 35.5% unemployment rate. Overall, the teen unemployment rate for all races was 21%, a modest increase from December. Feb 7, 2014 8:40 AM PT

Boehner: Build Keystone for Job Growth

House Speaker John Boehner reacted quickly to the weak jobs report on Friday, criticizing the Administration for what he called "the worst jobs recovery in history." Boehner urged Obama to remove obstacles to job-creating efforts, specifically construction of the Keystone pipeline. Feb 7, 2014 6:18 AM PT

US Employers Add 113K Jobs; Rate Dips to 6.6%

Hiring was surprisingly weak in January for the second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year. Feb 7, 2014 5:41 AM PT

MISS: Economy Adds Just 113k Jobs in January

On Friday, the Labor Department reported that the economy added just 113k jobs in January. Economists had expected a gain of 180,000 after a very weak report in December. The two months are both far below employment growth trends last year. The unemployment rate was down a tick to 6.6%. Feb 7, 2014 5:32 AM PT

CBO: ObamaCare Will Kill 2.5-Million Jobs

On Tuesday, the CBO confirmed what conservatives warned about during the first debates on the law -- ObamaCare is bad for the economy. The non-partisan office estimated that, in just a decade, there will be 2.5 million fewer workers in the labor market than otherwise would be without the health care overhaul. In addition, ObamaCare will increase the debt by more than $1 trillion over the next ten years. Feb 5, 2014 12:01 PM PT

ADP Jobs Report Misses Expectations

Payroll firm ADP reported that the economy added 175,000 jobs in January, a sharp decrease from its reported gain of 228,000 jobs in December. The estimate was lower than economists' expectations, which had predicted a gain of 185,000 jobs in the first month of the year. The report suggests a weakening jobs picture. Feb 5, 2014 6:43 AM PT

Dem Rep. Tim Bishop Still Promises 'If You Like Your Plan, Keep Your Plan'

President Obama's oft-repeated claim that "if you like your health care plan, you can keep it," was named the "lie of the year" by Politifact. In fact, more Americans have lost health coverage than obtained it through ObamaCare. Unfortunately for residents of Long Island, their congressman, Tim Bishop is still peddling this lie to his constituents. Feb 4, 2014 9:46 AM PT

Dem Rep. Rob Andrews Resigns Amid Ethics Investigation

New Jersey Democrat Rep. Rob Andrews, who is under investigation by the House Ethics Committee, announced his resignation from Congress on Tuesday. Andrews' misuse of campaign funds was chronicled in Breitbart News' Peter Schweizer's book Extortion. Andrews is taking a public affairs job at a Philadelphia law firm. Feb 4, 2014 6:53 AM PT

GOP War on Conservatives Backfires

On Friday, every political campaign had to file its 2013 year end report with the FEC. The reports delivered two big surprises. The Democrats are dominating the Republicans in fundraising. More surprising, perhaps, though, is that Tea Party and conservative SuperPACs raised around three times as much as GOP establishment SuperPACs. The DC GOP may have started the war against the Tea Party, but it won't finish it. Feb 2, 2014 8:48 PM PT

Lawmakers Press Obama on Keystone Pipeline

A significant obstacle to construction of the Keystone pipeline was removed Friday, as the State Department released its review of the project. The State Department said there were no major environmental objections to construction of the pipeline. President Obama has no more reason to block its construction. Jan 31, 2014 12:42 PM PT

Obama's Trade Deal Is Massive Crony Giveaway

In the Netflix show “House of Cards,” Kevin Spacey plays a powerful member of Congress who stacks the deck in order dispense favors and to help those who help him. The show may be fiction, but a real life, bigger version of the power play is happening out right before our eyes--The Trans Pacific Partnership (TPP). Jan 31, 2014 10:55 AM PT

Pelosi Forced to Deny Retirement Rumors

With the retirements of two of her closest allies in the House, Minority Leader Nancy Pelosi was forced Thursday to assure the press that she was running for reelection in November. “I’m running. I’ve already started the paperwork process. My work is not finished,” Pelosi said in a statement. Jan 31, 2014 9:09 AM PT

Dem Casualty List Grows

Each week, it seems another Democrat lawmaker announces their retirement from Congress. On Thursday, Rep. Henry Waxman (D-CA) joined the growing list. It is only January, but 11 Democrat lawmakers have said they are quitting at the end of this current term. Jan 30, 2014 8:39 AM PT


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