Perhaps HCR is a jobs bill
I do love it when government simplifies things. Like all these new boards and commissions in the new law: 1. Grant program for consumer assistance offices (Section 1002, p. 37) 2. Grant program for...
View ArticleDigging into the March unemployment numbers
Not to make to much of them, but this is important to know when you hear some of what is going to pass for analysis today and this weekend. Calculated Risk does a good job of drilling down into the...
View ArticleUnemployment numbers “unexpectedly” rise again? Really? Unexpectedly?
Unexpectedly for whom? If anyone has been out and about in this economy, they don’t find the numbers “unexpected" at all: Claims increased 13,000, to 472,000, while forecasters expected a slight drop...
View ArticleBeware of the new Obama job creation claims
T he NY Post reminds us that the Joe Biden/Christina Romer dog-and-pony show now currently touring and touting some amazing "magical" job creation numbers are the same crew that gave us other estimates...
View ArticleWhat part of “production” don’t these people get?
In today’s NY Times, Robert Schiller laments the lack of jobs brought by the “stimulus”. Essentially, he posits, government focus is on the wrong thing. Instead of boosting the GDP, the “stimulus”...
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Wow – if this is "recovery", I’d hate to see "recession"
Tim "Turbo Tax" Geithner has an op-ed in the New York Times entitled, "Welcome to recovery". No, really. Or perhaps I should say that it is a litany of liberal talking points and just plain old...
View Article“Stimulus” an expensive bust
The so-called "stimulus", upon closer examination, looks like most government spending – excessive, poorly targeted, poorly monitored and not at all accomplishing what was intended. Senators Tom Coburn...
View ArticleAdministration knew drilling moratorium would cost 23,000 jobs
In the middle of a recession, with joblessness hovering around the 10% mark, the Obama administration made a deliberate decision to impose a drilling moratorium knowing it would cost at least 23,000...
View ArticleSo are Obama and the Democrats focused like a laser on jobs and the economy?...
Here you have a lame duck Congress dominated by Democrats and a president who admits his party was “shellacked” in the midterm elections with a chance to partially redeem themselves and focus on the...
View ArticleLame duck "crows"
The Dems are jumping around and engaging in a bit of back-slapping as they declare the 111th Congress a "do something" Congress. The key third word is "to" or "for". I vote for "to", as in they’ve done...
View ArticleDecember Unemployment
The employment numbers from this morning are no cause for any sighs of relief, yet. The number of persons employed increased faster than the increase in population–which seems to be unusually small...
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The UK government apparently “gets” how to help create jobs
Much more so than does the President of this country apparently: Chancellor George Osborne has announced a number of measures to try to help business in his Budget. Corporation Tax will be reduced by...
View ArticleStill not getting it –– Democratic Rep to introduce “Progressive” jobs bill
It might come as a surprise to some, but the bill Democrat Representative Jan Schakowsky (IL) plans to introduce as a jobs bill is long on borrowing money we don’t have and funneling that money through...
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Observations: The QandO Podcast for 21 Aug 11
In this podcast, Bruce and Dale discuss Rick perry, the Obama jobs plan, and much more. The direct link to the podcast can be found here. As a reminder, if you are an iTunes user, don’t forget to...
View ArticleThe growth of the regulatory state
While President Obama vacations on Martha’s Vineyard, he is supposedly committing to paper a plan to boost employment. During the recession unemployment has remained high, near 10%, and with the...
View ArticleIts official–a supermajority think we’re over-regulated
And frankly, I think they’re right: – There is little appetite among American voters for additional regulations coming out of Washington. Three quarters (74%) of voters throughout the country believe...
View ArticleHow clueless? This clueless
Rep. Keith Ellison, a Democrat member of the House from MN, explained why he thought creating more and more regulations was a good idea. You see, the more you pass, the more people businesses have to...
View ArticleObama finally creates jobs. In Finland. With your money.
This is just the theater of the absurd masquerading as government: With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee...
View ArticleThe jobs report
A good job report this month drops the “official” unemployment rate to 8.3%. That, of course, will be touted as significant progress and, on one level, it is. The number of jobs created is above the...
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Marcellus shale — a job boom brought to you by drilling, drilling and drilling
This could be happening on federal land as well, if the Obama administration would get out of the way. The Marcellus shale formation, found in Pennsylvania and New York, is reviving parts of the Rust...
View ArticleSo, is America “back” economically?
Two good jobs reports back to back has got the Obama campaign trying out some new campaign rhetoric about how what they’ve done has worked and that America is “back”. Is it? Or is it premature to make...
View ArticleD’oh: Union boss suddenly realizes Obama’s war on coal means losing union jobs
Yes, he’s apparently finally realized that as goes coal, so goes his union (via Labor Union Report). Interesting comparison to Osama Bin Laden. My guess is the administration see’s coal in the same...
View ArticleEconomic reality welcomes new college grads
And it isn’t what they expected or hoped it would be: A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills...
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Unemployment–behind the official numbers (the myth of the retiring baby boomers)
The eight hundred pound gorilla in the room when one discusses the unemployment rate is its accuracy. 8.1% of what? Apparently, it is 8.1% as measured by those still receiving unemployment benefits,...
View ArticleUnemployment rate rises to 8.2%
As a follow up to the post below, another indication of how anemic our recovery is can be found in the “official” unemployment numbers. This week it rose .1% to 8.2%. I don’t have to belabor the fact...
View ArticleObama: The private sector is doing fine
When I first heard this I thought, “I want what he’s smoking”. Because you have to be high on something and totally unaware of reality to make a statement like that. So, I thought, it has probably...
View ArticleFossil fuel still the hope for the future
Let this paragraph, given the economic circumstances we now find ourselves in and the policies we’ve suffered under with this administration in reference to fossil fuels, sink in: U.S. energy supplies...
View ArticleElection summary – time to move on
OK, look, I’m done with the election. It’s over. Romney lost. Time to move on. Most of us who follow politics understand the reasons and have a pretty good idea of why he’s going home and the...
View ArticleImmigration: Political integrity, or the lack thereof
In his 2006 book, “The Audacity of Hope”, then Senator Barack Obama laid out the argument against illegal immigration: “[T]here’s no denying that many blacks share the same anxieties as many whites...
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