Free Markets, Free People

Daily Archives: May 16, 2013

Economic Statistics for 16 May 13

Here are today’s statistics on the state of the economy:

The Consumer Price Index fell -0.4% in April, but rose 0.1% ex-food and -energy. On a year-over-year basis, the headline CPI is up 1.1% and the core is up 1.7%.

April housing starts fell -16.5% to a 0.853 million annual rate. Housing permits, conversely, jumped 14.3% to a 1.017 million annual rate.

Initial jobless claims rose 32,000 to 360,000, and the 4-week average rose 1,250 to 339,250. Continuing claims fell 4,000 to 3.009 million.

The Bloomberg Consumer Comfort Index slipped half a point to -30.2 in the latest week.

The Philadelphia Fed Survey slipped into negative territory in May, falling from 1.3 to -5.2.

Dale Franks
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Is anyone in our government in charge?

So Ed Morrissey points out that the IRS thing has been going on since 2011 and it’s just a “couple of agents” in a single per the official line.  Well, maybe four.

Except the agents in question are claiming only to have done what their bosses wanted.  And their bosses?  We don’t know.  We don’t know who they are.  After all, it was only a couple of letters to a couple of right of center organizations.

But again, per Morrissey, these two – or four – agents were busy little people in that one office.

Did I say 300 organizations? According to the report, Reps. Jim Jordan and Darrell Issa now put that number closer to 500.  If it was just these four agents, they’d have to have been rather, er, productive.

Yeah.  And they did it all over the US and all by themselves for two years.

Is anyone in charge up there?  Does anyone even know what’s going on?  And, if someone is in charge, are we ever going to hold them accountable?

Trust in government?

What trust?