The White House is claiming that the so-called stimulus created between 2.5 million and 3.6 million jobs even though total employment has dropped by more than 2.3 million since Obama took office. The Administration justifies this legerdemain by asserting that the…
Daily Analysis
America’s Economy is Not Poised for another 1932…or another 1982
Ambrose Evans-Pritchard of the UK-based Telegraph has a very dismal outlook for the US economy. I’m more optimistic. While I think Obama’s policies will prevent America from enjoying a Reagan-type boom, I don’t think the current Administration is repeating all the…
Latest Economics 101 Video Tackles Minimum Wage
Our latest Econ 101 video is a must watch. If you haven’t seen it yet, Orphe Divounguy succinctly explains the role of minimum wage laws in creating unemployment in this video titled, “The Job-Killing Impact of Minimum Wage Laws:” Minimum wage laws…
How Unions Screw Poor People Out of Jobs
Ever wonder why unions care so much about the minimum wage when almost all union members get paid above that level? The answer is simply, but sleazy. As Walter Williams explains, they want to protect their high-pay status by increasing the cost of lower-skilled…