Tag Archives : Joblessness
Obama’s Failure on Jobs: Four Damning Charts
President Obama may have a buddy-buddy relationship with big labor, but he’s no friend to ordinary workers. Here are four damning pieces of evidence. 1. The unemployment rate remains above 9 percent according to the Labor Department data released on Friday. This is about 2-1/2 percentage points higher than Obama promised if would be at […]
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The Two Obama Job Disasters
We all know about the wretched failure of Obama’s stimulus, and we can update the chart showing that the joblessness rate is two-and-one-half percentage points higher than the White House claimed it would be at this point if we flushed $800 billion down the Washington rat-hole. But we also should pay attention to the second […]
read more...With Terrible New Job Numbers, Can We Finally Say Obamanomics Has Failed?
Actually, Obamanomics already has failed. It didn’t work for Hoover and Roosevelt. It didn’t work for Bush. It isn’t working in Europe. And now it’s failing for Obama. It doesn’t matter what you call it or when the policies are imposed, expanding the size and scope of government is bad for prosperity. So the real […]
read more...Who Needs Krugman, Summers, and the San Francisco Fed When You Have a Ramirez Cartoon?
I don’t now why I bothered spending all that time perusing the writings of Paul Krugman and Larry Summers in order to produce my previous blog post when this Michael Ramirez cartoon makes the same point in a much simpler way.
read more...Why Do Democrats (and Republicans) Want More Unemployment?
The two main political parties are sniping at each other about the just-concluded tax deal, largely because Republicans are happy and Democrats are displeased that all of the 2001/2003 tax cuts are being extended for all taxpayers. Almost nobody is paying attention to the new spending that is in the agreement, however, most notably the […]
read more...How’s that Stimulus Working, Mr. President?
The Bureau of Labor Statistics announced this morning that the unemployment rate jumped to 9.8 percent last month. As you can see from the chart, the White House claimed that if we enacted the so-called stimulus, the unemployment rate today would be about 7 percent. It’s never wise to over-interpret the meaning on a single […]
read more...Obama’s Job-Killing Policies: A Picture Says a Thousand Words
The new unemployment data has been released and it’s not a pretty picture. Literally and figuratively. This image is all we need to know about the success of President Obama’s big-government policies. The lower line is from a White House report in early 2009 and it shows the level of unemployment the Administration said we […]
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