While the official US unemployment rate lies just above 8 percent, real jobless rates are almost three times that high in some states, with the national “real” unemployment rate lying at 15 percent in July. The US government’s official unemployment rate, now at 8.3 percent, only takes into consideration those who have no job and […]
Unemployment increased today for the second time in just a few months. In April, the unemployment rate was 8.1%. In May it rose to 8.2%. Last month unemployment rose once again to 8.3%. Last month also saw a better than predicted increase in jobs numbers, 163,000 new jobs were created. But you have to grade […]
WASHINGTON (AP) — House Republicans on Thursday grilled the head of the Internal Revenue Service on the agency’s decision to apply the health care law’s tax credits in states that decide not to carry out a key provision of the statute. Commissioner Douglas Shulman defended the IRS rule that applies the tax credits to federal […]
Who is responsible for the current economic malaise? If you ask Bill Whittle, it’s Obama’s pals like David Axelrod, Harry Reid and Tim Geithner, some of the many Merchants of Despair. These merchants are costing taxpayers trillions and creating deep national divides based on class and race. Watch Video: [youtube Y-FGgoReyNE nolink]
Thirty-seven House Democrats joined Republicans last month in voting to repeal the medical device tax in Obamacare. The bill is now sitting in the Senate, where Republicans who support repealing the tax are doing so because it will cost thousands of jobs as well as force companies to cut R & D, etc. Here’s the latest fallout: An Indiana company’s decision to […]
The bad news has been coming thick and fast in the European debt crisis. Moody’s, the rating agency, has rated both Germany and the European bailout funds negative. So far, Germany has not panicked and investors still prefer to park their money in German credit, but this may further weaken support in Germany for managing […]
The World Bank said on Wednesday that the economic growth in the Palestinian Authority (PA) is unsustainable because of its heavy reliance on foreign aid. A report issued by the bank said the PA had begun establishing institutions for a future state, but the economy was not strong enough to support it. “The Palestinian Authority […]
The Consumer Financial Protection Bureau (CFPB) is a veritable wellspring of costly dictates and regulatory excess. Among the dozens of pending regulations it has concocted is a 1,099-page proposal to streamline the mortgage process. Yes, you read that right: 1,099 pages to “streamline” the home loan experience. And get this: Creation of the bureau’s 1,099-page […]
A recent Wall Street Journal article entitled “The Coming Defense Crack-Up” lays out a compelling argument against the defense cuts that are going to hit on January 2, 2013, if something is not done soon. The sequestration cuts that are mandated by the Budget Control Act (BCA) will gut defense when piled on top of […]
During his run for the presidency in 2008, Barack Obama praised the work requirements that were the centerpiece of welfare reform — the very requirements his administration just gutted. During a discussion with pastor Rick Warren at Saddleback Church, Obama declared: “[O]ne of the things that I am absolutely convinced of is that we have […]
