Tag: jobs

In the Magic Land of Obamaworld

Obamacare just keeps clunking along. News alert: another unilateral change announced by President Obama. I’ve lost count on these. We now are told that those who have individual policies (that haven’t already been canceled) and those who have plans in small businesses can keep their plans for two more years before they will be forced to switch. The exact date for this extension runs into October 2016. Let’s see. What’s going on at that time? Could it be this is… Read more »

The Obamacare Follies (cont.)

I might as well continue the Obamacare commentary today, particularly since political cartoonists are having such a wonderful time skewering all the latest follies emanating from it. Their inventiveness in depicting its foibles and the president’s stumbling and unconstitutional efforts to salvage it is impressive. The most Alice-in-Wonderland defense of the law’s job-destroying features came directly from a White House spokesman, a supposed economist who tried to convince a stunned public that losing all these jobs was actually a good… Read more »

Obamacare: Killing the Workforce & the Work Ethic

When the CBO report came out last week, tripling its previous estimate of potential job losses via Obamacare, the number should have been shocking to everyone. Whenever a policy strips 2.3 million people from the full-time job market, one might expect concern on both ends of the political spectrum. Not so. Instead, we have the spectacle of Democrats defending the loss of jobs by saying it’s a good thing that people won’t be locked in to their jobs—that they will… Read more »

The New Economic Reality

Now that the Syria issue has been resolved—I mean, what could go wrong with Russia and the UN now involved?—perhaps we should turn our attention back to other matters. Congress is planning more hearings on the scandals that plague this administration; Benghazi is making a comeback, as well it should. Obamacare is rumored to begin running in October with the inauguration of state exchanges. Never mind that hardly any state is prepared for this and that the law is falling… Read more »

The United States of Detroit?

What happens after six decades of Democrat policies? Detroit. The city that, in 1960, had the highest per capita income in the nation and a population of 1.8 million, is now bankrupt and has lost over a million citizens, down to about 700,000. When I say Democrat policies, I’m also referring to the cozy relationship between Democrats and Big Unions. The auto industry failed for reasons that can be traced to bad decisions by management combined with concessions to union… Read more »

Farewell to the Jobs Council–We Hardly Knew Ye

In 2009, President Obama created the Jobs Council to work very hard on recommendations for strengthening the economy. The Chair was Jeffrey Immelt, who runs General Electric. He’s also a big Obama supporter on this “non-partisan” council. Another prominent member was Richard Trumka, president of the AFL-CIO, which provided the shock troops for Obama in the last election. Good to know he’s non-partisan as well. There also were probably some genuine people on this council that really wanted to do… Read more »

Tax Rates: Reagan vs. Obama

Now that we’re talking about taxing the rich more and face the specter of all the Bush tax cuts being eliminated, I thought I’d look up some figures from the 1980s to see what happened when Ronald Reagan lowered the tax rates. How did this affect revenue? An article from the Cato Institute provides the numbers. The author of the article, Richard Rahn, notes that most of the Reagan tax cuts were applied to those in the middle- and lower-income… Read more »