Gasoline consumption is falling and that predicts a decline in economic activity

Why is gasoline consumption tanking? Retail gasoline deliveries are below 1980 levels and going south.

Down, down, down into the ring of fire

Gruesome 2012 economic forecast could doom Obama. 

Ron Paul would end the Fed and return to the gold standard

Ron Paul: How to end the economic downturn and get back on track? End the Fed and return to the gold standard. Some people in the GOP like the idea. I don't expect that to happen. FDR took the country off gold in 1933, because he wanted to spend money on New Deal programs that the country didn't have. Specifically, the U.S. was in a deflationary period, and he wanted to create inflation and spend money wildly. He accepted Keynesian economics, which maintained that we could spend out way out of the depression. It didn't work. World War II ended the depression. Never forget that. But we've been madly spending money for the past 80 or so years, especially in the past 3 years. That has also failed.

Remember the saying, Something that can't go on forever, won't.

Good economic news for 2012

The economy seems to be improving. I have noticed more activity, too.

Did Obama make the recession worse?

The answer is yes, according to James Pethokoukis.

AP headline is misleading

The AP is helping Obama all it can with this headline: "Hiring standstill points to growing recession risk." Better headline: "The recession is BACK!" In fact it never left. No jobs is what a recession is all about, right?