In August, President Obama told Americans that he would unveil yet another jobs plan on September 8, 2011 during an address before a Joint Session of Congress. Why hold such a grand and high profile event? The obvious reason is because prior plans and proposals offered up by the Obama Administration have failed to deliver the jobs that have been promised time and time…
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NOW
August 2011
White House aims to speed up job-creating projects: “President Barack Obama wants to hit the accelerator on job-creating infrastructure projects.”
THEN
June 2011
President Obama Presented Ideas to Accelerate Job Growth and America’s Competitiveness at Jobs Council Meeting
December 2010
Obama to meet with CEOs in Blair House session: “In an effort…
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August 22 marks the 15th anniversary of the successful 1996 welfare reform law, passed by a Republican Congress and ultimately signed into law by Democratic President Bill Clinton on August 22, 1996 (after he vetoed two prior versions). The law created the Temporary Assistance for Needy Families (TANF) program, which replaced the prior welfare program. As reflected in the…
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The media is abuzz with “Breaking News” that in early September the President will outline his latest plan for job creation. This latest pronouncement, however, may leave Americans wondering if they are like the Bill Murray character in the movie Groundhog Day: forced to relive speech after speech from the President about jobs, but with no different results. A look back…
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Sen. Chuck Schumer said this week that the Democrats will "get back to" job creation, which is the Democrats’ “strong suit”:
“Sen. Charles Schumer (D-N.Y.) told reporters minutes after the debt-ceiling deal passed: ‘It is now time for Congress to get back to our regularly scheduled program, and that means jobs. … The jobs issue won’t have to play second fiddle to the deficit issue…
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The last three days have seen three economic reports that are about as refreshing as Washington on a hot and humid summer day. These reports are yet another sign that the Democrats' policies of tax, borrow and spend are a drag on the economy. For three straight days the economic data point to too little – too little growth, too little certainty and too little confidence that…
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Today’s Unemployment Insurance Weekly Claims Report marks the 15th consecutive week that over 400,000 Americans filed for the first time for unemployment insurance benefits. This report simply confirms what the American people already know and his own former economic advisers are privately conceding: President Obama and Congressional Democrats’ stimulus plan did nothing to…
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Today’s Washington Post includes an enlightening article titled “The Dangers of Being Wrong on Keynes,” who has long been liberals’ go-to economist on how government spending supposedly creates jobs. Unfortunately for Keynes fans inside and outside of the Obama Administration, the practical lesson millions of Americans have learned the very hard way is that $1 trillion in Keynesian…
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Since non-farm payroll employment (the most common measure of jobs) bottomed out in February 2010 at 129.2 million, the U.S. job market has gained a total of 1.8 million jobs, or an average of about 111,000 jobs in each of the past 16 months. Although 111,000 jobs per month may seem like a lot, a recent AP article notes that the "economy typically needs to add 125,000 jobs per month…
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While President Obama talks about reining in the deficit, government debt has grown by $3.4 trillion during the first 29 months of his Administration – the equivalent of about $4 billion per day. In addition to forcing a showdown on the debt limit, this massive debt is weighing heavily on job creation, contributing to an unemployment rate above 9 percent for yet another month. …
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