Posts Tagged ‘unemployment’

CBO: Jobs from Federal Government “Stimulus” Cost on Average $228,055 Each


Saturday February 26th, 2011   •   Posted by David Theroux at 5:15pm PST   •   2 Comments

Matt Cover at CNSNews.com writes that the Congressional Budget Office (CBO) has just issued a new report, “Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2010 Through December 2010,” that indicates that: The jobs created and saved by the economic stimulus law that President Barack Obama…
Read More »

Robert Higgs: Government-caused Uncertainty Continues to Depress Jobs


Saturday January 29th, 2011   •   Posted by David Theroux at 11:49am PST   •   1 Comment

In his recent article in Investor’s Business Daily, “Uncertainty Continues To Depress Jobs,” Robert Higgs (Senior Fellow, The Independent Institute) discusses how the U.S. government’s interventionist and spending policies are prolonging high unemployment by creating a climate of massive economic uncertainty: President Obama, in his State of the Union address, promised to focus on…
Read More »

Federal Reserve to Spend $1 Trillion More as “Economic Stimulus”


Thursday November 4th, 2010   •   Posted by David Theroux at 6:28am PDT   •   0 Comments

In the new Wall Street Journal article, “Fed Fires $600 Billion Stimulus Shot,” Jon Hilsenrath reports that the day after the stunning mid-term elections that clearly were a referendum against the Keynesian spending binge of Presidents George W. Bush and Barack Obama, the Federal Reserve has launched another gigantic “stimulus” measure exactly like what…
Read More »

“The government can’t even get out of its own way.”


Tuesday September 28th, 2010   •   Posted by David Theroux at 7:22am PDT   •   1 Comment

In a new article in the Wall Street Journal, Louise Radnofsky traces the bureaucratic stranglehold of federal, state and local governments that has directly hindered the spending of the Obama administration’s “stimulus” funding from the federal government. Specifically, she examines the malaise resulting from the roadblocks to insulate homes in Detroit because of restrictions…
Read More »

America’s Hidden Welfare Program


Saturday September 18th, 2010   •   Posted by David Theroux at 5:32am PDT   •   1 Comment

In Slate, James Ledbetter reports that “Social Security’s disability insurance is expensive, destructive, and out of control.” “Throughout the year, economists and both houses of Congress have debated whether to extend unemployment insurance for another 13 weeks, or 26 weeks, worried that the payments would bloat the deficit or, worse, actually cause people to…
Read More »

The Deficit’s Dark Secret


Wednesday September 8th, 2010   •   Posted by Emily Skarbek at 5:37pm PDT   •   5 Comments

The New York Times on Monday, columnist Peter Orszag addresses the important issue of the the unsustainable budget deficit problem and the current high unemployment. What Orszag suggests as a “compromise” neglects the heart of both problems. Orszag suggests that “ideally only the middle-class tax cuts would be continued for now” but that doing…
Read More »

Who Is Hurting? Not Government Employees


Tuesday September 7th, 2010   •   Posted by David Theroux at 6:22am PDT   •   0 Comments

This new interactive graphic from the Wall Street Journal traces the growth in job gains and losses in the United States from December 2007 through August 2010. The results show that all sectors of the U.S. economy have dramatically declined except for employees in education, health care, and government, with federal and state workers…
Read More »

82% Say More Government Stimulus Will Destroy Jobs


Monday September 6th, 2010   •   Posted by David Theroux at 12:31am PDT   •   0 Comments

In a new online poll by the Wall Street Journal, 82.2% of those participating are voting no to the question, “Can more government stimulus lower the nation’s unemployment rate?” As the article states: “Washington’s response to the country’s stubbornly high unemployment rate will depend in part on who wins an increasingly intense debate over…
Read More »

Facebook Twitter Youtube

Search MyGovCost