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Archive for the ‘job destruction’ Category
Liberals falsely attack on outsourcing while keeping American corporate money overseas
Liberals have resorted to desperate political attack ads that have already been proven totally false. The Democratic Congressional Campaign Committee released a series of advertisements claiming that opposition to tax increases is support for sending jobs to China and India. The DCCC’s claim, which was proven false by FactCheck.org several...
Texas: Model for Economic Success
The state of Texas led the nation with 119,000 new jobs created from August 2009 to August 2010. The total for the United States as a whole was 214,000, meaning the Lone Star state accounted for over half of the nation’s job growth during this time. The Texas model for...
September Jobs Report: 95,000 Jobs Lost; Unemployment at 9.6%
The Bureau of Labor Statistics today released the jobs report for the month of September, and the outlook is not good. While the national unemployment rate is unchanged, the nation overall lost 95,000 jobs during the month. Predictably, the New York Times blames this on the wind-down of the ‘stimulus:‘...
Fed Bank: Unemployment May be Headed Back Over 10 Percent
The Wall Street Journal reports on a recent study from the Federal Reserve Bank of San Francisco: The strong likelihood of tepid economic growth through next year suggests unemployment may rise, rather than fall, as many forecasters currently predict. In a paper published Monday, economists at the Federal Reserve Bank...
Saving the Common Light Bulb
A law enacted in 2007 is shipping American jobs to China. The reason? A de facto ban on incandescent light bulbs. The Energy Independence and Security Act of 2007, under Subtitle B of Title III, has functionally banned all incandescent bulbs in the United States by 2014 by setting energy...
Irony: Congressional Leaders Block Majority Rule on Tax Increases
House and Senate leaders have promised that there will be a vote – sometime this year – to block a portion of President Obama’s tax increase, which will otherwise go into effect on January 1. According to Congressional leaders, they will allow a tax increase of about $700 billion to...
Public Sector Workers Out-earn Private Sector America
The new division in America that offends fairness is no longer between rich and poor. It is the gap between public and private sector workers. Political tension is growing as public sector compensation rises while private sector jobs are disappearing. In the past, government workers were provided job security and good...
Another $50 Billion “Stimulus”
On Monday President Obama rolled out a $50 billion plan to rebuild roads, railways, and runways. Obama hopes the infrastructure project will create jobs in light of the fact that unemployment is now at 9.6 percent. He told a union friendly audience in Milwaukee, “All of this will not only create jobs now,...
Unemployment Likely Headed Higher
Forbes reports that the Department of Labor will release the August employment report Friday morning, and according to one respected analyst, the news is likely to be bad: How’s this for a way to kick off the Labor Day Weekend: Hurricane Earl is uprooting many Easterners’ holiday plans, and Friday’s...
Private Sector Sheds Jobs in August
There’s that adverb again – ‘unexpectedly.’ According to the experts at ADP, the private sector shed 10,000 jobs in August. ADP also revised the figure for new private sector jobs downward in July: U.S. private employers unexpectedly cut 10,000 jobs in August compared to a revised gain of 37,000 in...