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  • double digit unemployment

    White House: 3.6 Million Jobs Lost is "Quite Positive"

    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 … More

    No JOLTS in Job Creation

    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, … More

    Amnesty and Unemployment

    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 … More

    Kerry-Boxer: 10% Unemployment Is Just The Beginning

    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 … More

    Congress Gives Itself A Raise

    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 … More