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Posts Tagged ‘economy’
Public-Private Pay Gap Emerging as Political Issue
The Hill reports that Republicans are making the pay of federal employees an issue for the upcoming 2010 election. House Minority Leader John Boehner (R-OH) blamed Democratic policies for the growing pay gap between public and private employees in a time where the economy is struggling. Republicans have attempted to...
Video: Unemployment Explodes Over Time
This video shows in depressing fashion just how badly the US job market has been deteriorating. You may wish to note that the picture below the movie is what unemployment looked like in December 2008, just before Barack Obama was sworn in as president. Compare that to the final map...
The Consequences of allowing the Bush Tax Cuts to lapse
The Bush Tax Cuts have become a hot political issue, with many liberals simply wanting to let them expire while conservatives want to make them permanent. Liberals are claiming that letting the tax cuts expire will help to close our deficits, while conservatives and economists point out that this simply...
Reid plans September showdown on extension of tax cuts
Senate Majority Leader Harry Reid is planning to hold the debate over the extension of the tax cuts of 2001 and 2003, known as the Bush tax cuts, in September. These tax cuts are set to expire on January 1, 2011, and represent a massive increase in taxes across the board. This comes as a [...]
Video: Who’s Unemployed?
This is a handy guide to how the federal government determines which jobless Americans count as ‘unemployed.’ As noted here, many Americans have either stopped looking for jobs, or have accepted part-time work – meaning they are no longer counted among the unemployed:
Unwelcome Milestone: Private-Sector Pay Reaches All-Time Low
President Obama likes to tell us that the economy is growing again. At a recent speech in Buffalo, he said “we are heading in the right direction. Those tough steps we took – they’re working… The question now is, how do we keep the momentum going?” But according to USA Today,...
Economy Slowed in April
Ed Morrissey points us to some economic news that many news outlets appear to have ignored. A private research group’s gauge of future U.S.economic activity unexpectedly slipped in April, the first decline in more than a year and a sign that growth could slow this summer, weighing on hiring. The...