With election day 2010 just hours away, everyone is ready to see the Democrats lose the House and most of the Senate. Even Democratic voters are frustrated with Obama’s party. Paul Krugman, voice of a dying Keynesian set, wants more government spending, arguing that the only way out of the slump is to fight private [...]

The unemployment rate dropped for June, to 9.5%, even though 125,000 jobs were lost. The reason is that the rate is defined by people who are out of work and looking for work. The decline in the civilian labor force demonstrates that people are not looking for work any more. What happens when they do, [...]