You’d think that an unemployment rate hovering near 10% would focus the White House’s mind on job creation, not destruction, but the Obama administration stayed true to form yesterday when Interior Secretary Ken Salazar visited the Gulf and told offshore drillers that the permits they need to put Americans back …
Upside surprise: Employers add 151,000 jobs in October , the USA Today reported about the Bureau of Labor Statistics Friday. And it is true: the establishment survey of U.S. businesses did report that 151,000 jobs were created last month. But as The Heritage Foundation’s James Sherk and Rea Hederman note …
Congress must soon reach a consensus on whether, and on whom, they will raise taxes in 2011. With the economy at the forefront of Americans’ concerns, the effects of raising taxes for any income bracket are a serious matter. Proponents of tax hikes argue that reducing the deficit through increasing …
The Obama administration recently issued an inter-agency report on the employment effects of its deep-water drilling moratorium. The Administration finds employment effects that are roughly half of those from a variety of other estimates. However: If the Administration were consistent in its logic, its job-loss estimates would double or quadruple …
Violent and property crime fell in America last year, the second full year of the current recession, according to new data from the FBI. Recently, the Associated Press ran a story on how criminologists are puzzled by declining crime rates during times of high unemployment. Criminologists should not be surprised, …
Today’s New York Times editorial on President Obama’s Cleveland political diatribe-cum-economic speech got one point right — Obama “took too long to engage this debate.” The rest of the editorial was little more than an epilogue to Obama’s political speech. One can see why the Times would avoid talking about the economic …
The latest jobs report showed the unemployment rate ticking up to 9.6 percent, putting the final nail in the coffin of recovery summer. The Obama Administration announced “Recovery Summer” last June to highlight the expected gains in jobs and economic strength resulting from Obama’s stimulus. Not. The economy is literally …
This November, along with a host of anxious politicians, California’s own greenhouse gas law, AB 32, will be on the ballot. Those worried about the law’s potential economic consequences are pushing Proposition 23 that calls for freezing provisions of AB 32 until California’s unemployment rate drops to 5.5% or below …
