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  • double digit unemployment

    Morning Bell: The President's Permanent Political Slush Fund

    After suffering major electoral and legislative defeats last month, President Barack Obama took to the campaign trail in Nashua, New Hampshire, pitching his administration’s latest new plan to lower our nation’s double digit unemployment rate. This time, the President hopes to do for small businesses what Fannie Mae and Freddie Mac … More

    Reaction Roundup: Heritage Responds To The State Of The Union

    Heritage members and fans are discussing President Barack Obama’s State of the Unions address at Twitter and Facebook right now. And here are just some of our experts immediate reactions to parts of the speech: State of the Economy President Obama inherited a global recession and a global financial meltdown. … More

    Lack of Job Creation, Not Layoffs, Driving Unemployment

    New data released today by the Bureau of Labor Statistics shows why a jobs recovery remains far off. This report, the Job Openings and Labor Turnover Survey (JOLTS), will receive much less press attention than last Friday’s unemployment report. However its figures hold the key to understanding why unemployment has … More

    Morning Bell: $787 Billion in Stimulus, Zero Jobs "Created or Saved"

    On February 11th, President Barack Obama stood on a windy hilltop in front of a dusty construction site in Fairfax County, Virginia, and promised the American people: “Here in Virginia, my plan will create or save almost 100,000 jobs, doing work at sites just like this one.” Standing alongside current … More

    What Terrorism, Job Losses, and Health Care Have in Common

    There are links between terrorist attacks, job losses, and the health care legislation that is being completed behind closed doors: 1) A massive failed bureaucracy didn’t protect Flight 253 from a would-be bomber, so why expect that an even-larger bureaucracy can protect our health? 2)With 10% unemployment and 85,000 more … More

    Big Government Still Thwarting Job Creation

    Last Friday the Bureau of Labor and Statistics released its monthly jobs report showing that the U.S. economy shed 85,000 jobs in December, but due to the fact that 661,000 individuals left the labor force, the unemployment rate stayed at 10.0%. The Obama administration again spun the report by stressing … More

    Jobs Decline in December as Obama Jobs Deficit Continues to Climb

    Today’s Labor Department jobs report is a study in contrasts. For example, on the one hand the labor market is notably less weak than in recent months. December’s 85,000 drop in employment according to the payroll survey is markedly better than the monthly average of over 275,000 jobs lost during … More

    House Democrats Double Down With Another Stimulus

    Albert Einstein famously defined insanity as “doing the same thing over and over again and expecting different results.” So after a $787 billion stimulus that was supposed to create (not merely save) 3.3 million net jobs but instead saw 3.4 million net jobs lost, House Democrats this week have doubled … More

    Why Work Sharing Wont Work

    With over 15 million Americans out of work Congress is searching for ways to reduce unemployment. The latest idea, put forward by Sen. Jack Reed (D-RI) is “work sharing.” Under work-sharing, companies reduce the hours (and pay) of all their employees instead of laying off some workers and having the … More

    Taxes Are More Certain Than Death?

    Timing is everything in life. And in death. America’s level of death taxes is a bouncing ball—a political football because Congress is fumbling around with legislation that makes a dramatic difference measured in jobs as well as in dollars. As the law is now, anyone who dies during 2010 will … More