President Obama and Speaker Boehner have agreed that the President will address a joint session of the Congress next Thursday. The President wanted Wednesday during the GOP debate, but John Boehner said no. Folks at the White House said the Speaker had been consulted before they put it in writing and did not object. Speaker Boehner’s staff say he was not consulted prior to receiving | Read More »
James MacDonald of ForeignPolicy.com describes the current Seldon Crisis occurring in Western economies as the end of a seven decade experiment. This is described by Walter Russell Mead as The Blue Social Model. He talks us through its particulars below. Graduate from high school and you were pretty much guaranteed lifetime employment in a job that gave you a comfortable lower middle class lifestyle; graduate | Read More »
The loss of jobs is only half of the result of the government interventionist equation. The other casualty of an economy driven by taxation, regulation, litigation, subsidization, monetary intervention, and debt is the crippling cost of living for all Americans. [Yes, I was about to say middle class, but we would be wise to eradicate that sort of socialist innuendo from our vernacular.] Earlier today, the | Read More »
As Obama travels through America’s heartland on his teleprompter tours bus, he is touting a new plan to create jobs. While he has offered few specifics thus far, Obama is calling for the ratification of the free trade agreements (FTAs) with Columbia, Panama, and South Korea as vehicles for job creation. The rest of his jobs (killing) plan will be released at some later date, | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Elizabeth Blackney are joined by Kathleen Hartnett White to discuss the regulation happy EPA, their new rules on cross-border pollution and how a lizard could cost thousands of jobs in the energy industry. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d | Read More »
What to expect from Obama and Reid after the summer recess. Consider this your summer of recovery 2.0 open thread.
The free market of Internet access, driven by constantly improving technology and heightening competition, is a driver of job creation and economic growth. Even Julius Genachowski, Obama’s FCC Chairman, has to admit that. This is just one reason we fight FCC power grabs. So when the government starts talking about new regulations in emerging fields such as “cloud computing”, just say no. And when Steve | Read More »
For those who are interested in the wonky numbers of the unemployment report, here is a brief presentation of some of the more ominous figures. The latest unemployment report shows that we are living through the quintessential Keynesian economic recovery. We are not shedding more jobs at a terribly fast pace, but, instead of adding jobs by a pace of 500-800,000, we are stagnating at | Read More »
Despite being dispirited by the one-sided nature of the debt ceiling deal, most of us were looking forward to reaping the rewards from its only ancillary benefit; the impending stock market rally. Much to our chagrin, the Dow dropped precipitously, losing over 800 points since the opening bell on Monday. After the initial euphoria from the debt ceiling hangover began to subside, people have been | Read More »
Hey, guess what? The Democrats plan to focus on jobs! (Via Ace of Spades) Stop me if you’ve heard this one before… what, you have? A lot? Are you sure?
Anonymous is starting to lose more than it wins. As I already mentioned on Wednesday, the FBI is racking up names to arrest, and moving on them. Anonymous responded by claiming to have broken into NATO systems. The world responded by trashing Anonymous’s AnonPlus website. Of course, when they’re in jail, that won’t matter much, but it’s fun to see. Good news: Early polling suggests | Read More »
It’s hard to believe a year has passed since the White House kicked off its “Recovery Summer” campaign. And it seems like only yesterday that Treasury Secretary Tim Geithner bid us all a warm “Welcome to the Recovery.” But today is not a happy anniversary. As this now-infamous stimulus chart confirms, Recovery Summer never warmed up. The stimulus didn’t work, and the federal government’s alphabet | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson is joined by Pejman Yousefzadeh and Elizabeth Blackney to discuss how the Fed’s monetary policy has created a two tier economy and the impact that has had on the jobs market and the average American family. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. | Read More »
Barack Obama wants everyone talking about the jobs he has saved or created, but it is time to put some attention on those jobs killed or wounded by Barack Obama. A case in point would be the oil industry. According to a report by CNS News, Barack Obama has killed or wounded 19,000 jobs due to his ban on drilling for oil. Of the 19,000 | Read More »
The President of the United States is doing what liberals do best — creating a committee to figure out why his liberal policies aren’t creating jobs. Who is he putting in charge? Jeffrey Immelt, the CEO of GE, also known as Keith Olbermann’s boss. Since Mr. Immelt took over GE, we’ve seen its financial business bailed out by the federal government, its total number of | Read More »
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