The Obama administration released the first hard numbers on how many jobs their $787 billion stimulus package has created or saved on Recovery.gov today. The number: 30,383 jobs from roughly $16 billion worth of stimulus contracts awarded directly by federal agencies. Crunching the numbers, that comes to $533,000 per job “saved or created.” To put those 30,383 jobs in perspecitve, consider that the U.S. economy lost 263,000 net jobs just last month and has lost 3.6 million net jobs since President Barack Obama was sworn into office. But the administration …
Unemployment has risen sharply during this recession and has almost reached 10 percent of the workforce. However policy makers have paid relatively little attention to why unemployment has risen so sharply. With so much coverage of the collapse of the auto industry in Detroit, the finance industry in New York, and the deflation of the housing bubble nationwide much of the press has focused on job losses. And there is a lot of truth to this. Layoffs have increased significantly since the start of the recession. But that is not …
The Obama Administration just cannot make the New York Times editorial board happy when it comes to immigration policy. First, the Obama Administration ends the practice of detention and removal of illegal immigrants caught during work site raids. Then, the Obama Administration decides not only shouldn’t they detain and remove illegal immigrant caught during work site raids, but they should give them temporary work permits so that those illegal immigrants will cooperate with prosecutors. Now, the Obama Administration merely lets the employer target know it is coming to do a …
Defending his new energy tax bill Sen. John Kerry (D-MA) told Congress Daily yesterday: Let me emphasize something very strongly as we begin this discussion. The United States has already this year alone achieved a 6 percent reduction in emissions simply because of the downturn in the economy, so we are effectively saying we need to go another 14 percent. The United States has also “achieved” 3.36 million net jobs lost so far this year and a 9.7% unemployment rate. Is this “green jobs” economy that the enviro-left is trying …
Politico reports: Congress is on the verge of giving itself a bump in its annual budget — even as local governments, families and businesses across the country are tightening their belts in the worst recession in decades. Under a House-Senate conference measure, approved by the House last week and poised for passage in the Senate on Wednesday, spending for the legislative branch will increase 5.8 percent this year, boosting Capitol Hill’s annual budget to $4.7 billion. As terrible as it is that Congress wants to increase their own budgets while …
