The Economy Outside the Beltway


The President claimed in his State of the Union speech that the national economy is doing well. That may seem true inside the Beltway, but out here in the Real World, it doesn’t look so good.

Salena Zito writes that economic discontent is widespread.

The economy is dismal not just in the old Rust Belt but nationwide. On Tuesday, the National Association of Counties released its gold-standard study that shows, six years after the economic expansion began, 93 percent of U.S. counties have failed to fully recover from the devastating contraction they suffered during the recession.

Only 7 percent, or 214 out of 3,069 counties nationwide, recovered by 2015 to their pre-2008 numbers on total employment, economic expansion, home values and unemployment.

Read the whole thing. She suggests that the economic malaise of the Obama economy is one of the key drivers of the populist unrest pushing both the Trump and the Sanders presidential campaigns.

John Hinderacker chimes in, noting that the economic recovery over the last 7 years has been the worst in the past 70, in large part because of government disincentives.

In other words, government welfare programs are crushing America’s economic growth.

He’s posted a staggering chart of federal welfare programs that spend over a terabuck (a trillion dollars) each year. It’ll still be too hard to read after you click to enlarge it.

Meanwhile, back inside the beltway, DC city officials are bent out off shape because their minimum wage hike has caused Walmart to have second thoughts about building more stores in the city.

Hmmmm.

Your Expected Return


If you win the big Powerball drawing, you won’t get your 1.3 gigabucks all at once. That’s the payout over 30 years. If you take the net present value payout of the annuity, your winnings after taxes will be much less.

How much less? Your best expected return on your $2 “investment” in a ticket is about $1.79. It’s still a sucker bet.

Income Inequality


The Washington Free Beacon has a post up titled Wealth of Congressional Democrats Spikes Despite Income Inequality Agenda. (H/T, Instapundit, who points out that they misspelled because of.)

The individual median wealth for congressional members in 2014 hovered around the $1.1 million mark—a jump of 6.7 percent from 2013. According to the most recently available numbers, the wealth of American households, by comparison, sat at $56,335 in 2013, meaning that one member’s net worth is equal to that of 19.5 households.

Read the whole thing.

A Financial Powerhouse


The Cabin Boy™ has taken to bragging about how successful he has been as an author. He claims to have made $675.76 (almost two day’s pay for a GS-13) over the past several years through the sale of books, CDs, and mp3s.

Shazam!

UPDATE—I see that the Cabin Boy™ wants to have his rantings actually noticed, so he’s commenting on this post. Given that this blog has been averaging 4,461 hits per day this year, he’ll certainly do better here than with a Twitter account with 27 followers.

Reality 101


Deana Chadwell has a post on Reality Therapy for Liberals over at American Thinker.

Most importantly we need to acknowledge that God and the laws He created control almost every facet of existence, yet still allow for man to enjoy free will. The breathtakingly elegance of this universe, rich with mind-boggling, intricate detail underscores that fact. Everything operates on a pattern, a pretty tight pattern. If something gets even a little out of whack all hell breaks loose.

We all recognize natural law (with the possible exception of the Darwin Award winners).

Read the whole thing.