Note that the question here is why he’s out to get construction jobs per se. It’s already clear that the Senate Democrat leadership is deeply in love with measures that destroy jobs – be they tax increases, employer mandates, more stringent regulations, costlier electricity, empowerment of unions, etc. But all those things destroy jobs on more or less an equal opportunity basis; they’re just about | Read More »
I’ve written before about the glowing coverage Barack Obama receives despite the consistently terrible economic news. Today provides yet another example: Fewer than expected file for unemployment The number of Americans filing initial unemployment claims fell sharply last week, while those filing ongoing claims rose to another all-time high, according to government data released Thursday. There were 565,000 initial jobless claims filed in the week | Read More »
From Gallup: The sharp decline in Gallup’s Index of Investor Optimism in June — particularly the plunge in expectations for the economy — suggests that investors may be losing some of their hopes for an immediate improvement in the U.S. economy later this year. This is consistent with the leveling off of consumers’ mood over the past few weeks and the drop in the consumer | Read More »
George Bush would have killed for coverage like this. Considering the surprising strength of the economy in the wake of the September 11 attacks, he’d be posing for Mount Rushmore if the press had treated him the way they are treating Obama: Job market shows some improvement …Automatic Data Processing, a payroll-processing firm, said private-sector employers cut 473,000 jobs in June, a 2.5% improvement from | Read More »
Remember how having a bunch of brilliant grown-ups in the White House was going to restore our tattered relations with key allies? And how the ‘stimulus’ bill would create millions of jobs here in the United States? Instead, the bill has sparked a trade war with Canada – one that will get worse if it is not addressed. And while the Obama team can offer | Read More »
With the federal deficit spiraling out of control, with unemployment approaching 10 percent, and with confidence in the Obama economic plan waning, it might be useful to go back and look at what team Obama promised if the porkulus passed:
Barack Obama used his weekly radio address today to promise prompt action on a massive economic stimulus package: President-elect Barack Obama said Saturday that he had started work on a sustained, two-year economic stimulus plan designed to create or save 2.5 million jobs, funnel money toward public works programs to repair the country’s failing infrastructure and invest in alternative energy programs. Mr. Obama’s plan, which | Read More »
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