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We got the news that unemployment claims have risen this week. That’s in July. That’s as in traditionally one of the busiest months of the year. That puts Obama on a course of distinction: President Avg Unemp Obama 9.5 Ford 7.8 Reagan 7.5 Carter 6.5 GHW Bush 6.3 Kennedy 6.0 GW Bush 5.3 Clinton 5.2 [...]
Tags: economic-policy, obama, unemployment
Posted in economic-policy | 1 Comment »
Obama wants to create jobs, here’s another suggestion: SPREAD THE WEALTH Now, that alone should appeal to Obama. But, as with all ideological one-liners, it needs some substance to it. “Change” sounded great, but people are realizing now without specifics, whether ignored or not mentioned, it doesn’t do anyone much good. With spreading the wealth, [...]
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Posted in economic-policy | No Comments »
People pretty much tend to blame employment, or lack thereof, on the President. However, economic policy and spending comes from Congress. Sure, the Senate has some input, but what gets voted on is purely the Speaker of the House’s prerogative. So, I tend to look at the politics of it all a little different. I [...]
Tags: barack obama, bush tax cuts, congress, democrats, economic-policy, minimum-wage, nancy pelosi, speaker-of-the-house, unemployment
Posted in economic-policy | No Comments »
John Sweeney had this to say in The Hill Blog: Thursday’s economic news is not a surprise to working families. We can only hope it will be jarring enough to the White House and Republican leaders in Congress that they will finally agree with Democratic leaders that we need a genuine economic stimulus package now, [...]
Tags: afl, cio, democratic leaders, economic stimulus package, economic-policy, john-sweeney, lame duck session, nancy pelosi, sen obama, unemployment benefits, union
Posted in Entitlement Programs, National Politics | No Comments »
David Bernstein over at Volokh talks of an anecdote regarding earmarks. Basically a guy working for a defense contractor is hired to do nothing but spend money regardless of whether the product works or not. I have heard several stories like this over the years. Quite frankly, have done it to some degree with other [...]
Tags: david-bernstein, department-of-defense, economic-policy, Fed Policy, government-waste, pork, volokh
Posted in Fed Policy | No Comments »
