My latest column for the American Spectator discusses President Obama’s performance on the economy and his powers of prognostication: In February of 2009, President Obama went on the Today Show to discuss a variety of issues, including his plan to turn the economy around. When asked about the consequences of failure for his presidency, he replied [...]
Remember when Nancy Pelosi said ObamaCare would create 400,000 new jobs almost immediately? Well, apparently Boston Scientific didn’t get the memo: Boston Scientific Corp. said yesterday that it plans to eliminate 1,200 to 1,400 jobs worldwide during the next 2 1/2 years to free money for new investments, the Natick medical device maker’s second major [...]
Last January, I wrote a column for the American Spectator titled “A Natural Born Job Killer.” Obviously, my point was that the health care “reform” law discouraged employers from creating new jobs. Well, if you didn’t believe me, take a look at this chart from the Heritage Foundation: This is stunning. The change in the [...]
If there is anyone out there actually naive enough to believe our economy is in the midst of a recovery, I recommend the following chart: I also recommend that you don’t talk about the “recovery” to the unemployed people represented by the chart unless you are out of their reach. [ht AmSpecBlog]
President Obama was sworn into office in January of 2009. The unemployment rate for that month was 7.6%. After more than two years of hope-n-change, unemployment for April of 2011 stood at 9.0%: The unemployment rate edged up to 9.0 percent, the U.S. Bureau of Labor Statistics reported today. The average price of gasoline during the week [...]
Last week, Independent Women’s Voice announced that this video, “The Millennial Appeal to Obama,” was the winner of the first prize in its ObamaCare Anniversary Video Contest. And it’s a powerful piece of work: Now I can stay on my parents insurance until I’m 26. There’s just one tiny problem …Your health care plan hurts the economy. [...]
The big problem with ObamaCare’s various mandates is that they raise the cost of hiring and keeping employees. It will cause benefit cuts and layoffs for current employees of small businesses and retard future growth and job creation. The guy in this Heritage Foundation video has several IHOP franchises and explains this dilemma in terms that even [...]
CBO Director Douglas Elmendorf testified before the House Budget Committee today, and said that Obamacare will reduce the number of jobs in the labor market by an estimated 800,000. This revelation came in response to the following question from Rep. John Campbell: You just mentioned that you believe, or that in your estimate, that the health care [...]
In my latest effusion for the American Spectator, I refute the latest MSM whoppers about ObamaCare’s effect on unemployment: Commenting on the mainstream media of his day, Thomas Jefferson famously observed that ‘The man who reads nothing at all is better educated than the man who reads nothing but newspapers.’ And it is evident that [...]
According to the projections made by the White House at the time the “stimulus” legislation passed, unemployment should now be at 7%. Unfortunately for the millions of Americans who find themselves out of work, the actual unemployment figure is 9.8%. In the following chart, the blue line is what we were promised, and the brown dotted line above is [...]
