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Keyword: jobsandeconomy

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  • Trump: You Bet I Support Raising Taxes on the Rich

    04/21/2016 2:08:04 PM PDT · by Responsibility2nd · 525 replies
    Townhall ^ | 04/21/2016 | Guy Benson
    GUTHRIE: Do you believe in raising taxes on the wealthy? TRUMP: I do. I do – including myself. I do. That was...this morning, in an interview that featured some other controversial statements.  In fairness to Trump, he's been using the "raise taxes on rich people like me" line for months, embracing Obama-style class warfare tax gimmicks like the 'Buffet Rule.'  But raising taxes on anyone, an outcome Trump just re-endorsed, is not what his formal policy agenda proposes.  Just the opposite.  As we've seen on issues such immigration, abortion and foreign policy, Trump routinely makes clear that he isn't familiar with his own positions.  His stances aren't...
  • Trump Supporters Have Good Reason to Be Mad

    04/13/2016 2:21:16 PM PDT · by Kaslin · 15 replies
    Townhall.com ^ | April 13, 2016 | Peter Morici
    Men supporting Donald Trump have reason to be mad as hell. The economy has turned against them, and policies advocated by Democrats and tolerated by mainstream Republicans make their circumstances worse. Trump does best with voters having less education, and the shift away from manufacturing toward service activities decidedly disadvantages them. At the turn of the century, factories employed more workers than education and health care combined or professional and business services. Nowadays the latter two groups of industries both employ millions more Americans than those making things. While many positions in education, health care and professional and business services...
  • Hillary Clinton Is Bad for Stocks and the Economy

    03/22/2016 5:06:24 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | March 22, 2016 | Stephen Moore
    In a supremely weird election season the latest weird twist is the consensus emerging on Wall Street that Hillary Clinton would be better for financial markets than Donald Trump. The usually sensible Barrons magazine concluded in its cover story last week that Hillary-onomics are better for investors than Trump. Warren Buffett and other stock gurus have made the same case. The argument for Clinton is that she's predictable and that Wall Street knows what she will do. Trump, by contrast, is the high beta candidate, and let's face it: No one knows exactly what you get with a President...
  • Where Are All The Obamacare Jobs?

    03/17/2016 11:34:52 AM PDT · by Kaslin · 21 replies
    Townhall.com ^ | March 17, 2016 | Nicholas Horton
    For years, hospital lobbyists have promised that Obamacares Medicaid expansion would kick start states economies and produce thousands of new jobs. (Expanding welfare always stimulates the economy, right?) This piece of their Obamacare sales pitch is critical because, according to their calculations, these new jobs will generate the necessary revenue to pay for states share of the Obamacare expansion costs. The Arkansas Hospital Association, for example, made a similar guarantee, promising that most of the states share would be covered by new tax revenue generated by new jobs. But now that expansion has been up-and-running for more than two years,...
  • Man-Made Headwinds Against the Economy

    03/03/2016 7:12:21 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | March 3, 2016 | Congressman Keith Rothfus
    Nearly seven years after the Great Recession ended, persistent anemic economic growth should force us to ask: since a monetary policy unprecedented in expansionary scope has failed to produce even average GDP growth, what went wrong? During her recent testimony before the House Financial Services Committee, Federal Reserve Chair Janet Yellen touched on this when she admitted that despite having kept interest rates at exceptionally low levels for seven years, the Fed only achieved growth averaging two percent or a little bit above. Chair Yellen did not mention the Feds other exceptional act to stimulate growth, the creation, out of...
  • Leadership Is More Than Puffery

    02/25/2016 12:15:47 PM PST · by Kaslin · 31 replies
    Townhall.com ^ | February 25, 2016 | Robert Charles
    Are the wheels about to come off Trump? Forget the late push to reshape Marco Rubio, with cheery endorsements from the losing Republican presidential candidates - namely, Romney, McCain, and Dole. Good men, nice words, wrong moment. Put aside the capable former Supreme Court litigator, who polls say can beat Hillary Clinton, Ted Cruz. What is happening to the Trump story? Stories are appearing with facts hard to ignore, even for Trump supporters. Something in his story is beginning to not ring true. Trump offers three things that appeal - bluntness, political incorrectness, and self-claimed business acumen. The blunt talk...
  • Leopards Can't Change Their Spots… But They Can Change Tactics

    02/23/2016 7:48:16 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 23, 2016 | Andrew Langer
    In the closing weeks of the 1980 presidential campaign, it would have been hard to find anyone more vocally critical of Ronald Reagan than AFL-CIO President Lane Kirkland. As a surrogate for President Jimmy Carter, Kirkland attacked Reagan as "displaying colossal ignorance" in his criticism of the President's plan to create a nation Industrial Development Authority that would have allowed labor more liberal access to its members' pension funds. Thirty-five years later, labor has gotten smarter. Infiltration has replaced the frontal attack. Unless, you want to believe that Donald Trump and current AFL-CIO President Richard Trumka really are collaborating. In...
  • Obama to Americans: Don't Count Your Blessings Before I Snatch Them Away!

    02/12/2016 3:02:46 PM PST · by Kaslin · 27 replies
    Townhall.com ^ | February 12, 2016 | Calvin Beisner
    So you thought plummeting gas prices were going to free you up to get better health care, more education, a little home improvement, or maybe some nicer clothes for your kids? Not if Barack Obama has his way. Watching oil prices fall as American ingenuity floods the market, the president figures he can't let you get too much of a good thing. So he wants to slap a $10 per barrel "fee" on oil, which, with West Texas crude (the benchmark) trading at $21 per barrel on the world market, would make the fee roughly a third of the total...
  • Sharing Social Values in a Secular World

    02/10/2016 1:47:55 PM PST · by Kaslin · 1 replies
    Townhall.com ^ | February 10, 2016 | Congressman Mark Walker
    This past week, I was honored to be asked to speak at Heritage Action's Conservative Policy Summit in Washington, DC. As the only House Member besides Speaker Paul Ryan, I was humbled to help cast a vision for decision-makers and thought-leaders on finding solutions for some of our nation's greatest social problems. The evidence over the past 50 years makes it indisputable: the federal government hijacked the American Dream and the family has been decimated. We see this plainly in our everyday lives. The American Dream is social at its very nature. It begins with life. Common sense tells us...
  • Why So Many Americans find Trump and Sanders Appealing

    02/09/2016 10:11:23 AM PST · by Kaslin · 21 replies
    Townhall.com ^ | February 9, 2016 | Peter Morici
    America is witnessing a political Supernova--voter flirtation with Donald Trump and Bernie Sanders--because both political parties have failed ordinary folks. To listen to the Obama administration and its apologists in the media, Americans are witnessing the second age of Pericles. The economy has added jobs for 64 straight months, unemployment at 4.9 percent is approaching pre-recession lows, and nominal wages are rising again. Prairie muffins! During Ronald Reagan's presidency, jobs growth was twice the pace President Obama has accomplished, and the official unemployment rate is so low because 7 million American men ages 25 to 54 have quit looking for...
  • The Party Is Over In Puerto Rico

    01/15/2016 9:05:20 AM PST · by Kaslin · 47 replies
    Townhall.com ^ | January 15, 2016 | Steve Sherman
    Puerto Rico is stunningly beautiful. It's a virtual paradise...Caribbean white sand beaches, a close proximity to the U.S., they speak both English and Spanish, if you're an American citizen you don't need for a passport as Puerto Rico is a US Commonwealth. They've got snorkeling, great food, a rainforest, and a stunning historical fort from the imperial days sitting atop a bluff overlooking the sea. With all that natural attraction you'd think Puerto Rico would be knocking it out of the park economically. Tourism alone should be the driving force to keep the economy rocking. Every American should want to...
  • Minimum Wage Dishonesty

    01/13/2016 4:56:35 AM PST · by Kaslin · 13 replies
    Townhall.com ^ | January 13, 2016 | Walter Williams
    Michael Hiltzik, a columnist and Los Angeles Times reporter, wrote an article titled "Does a minimum wage raise hurt workers? Economists say: We don't know." Uncertain was his conclusion from a poll conducted by the Initiative on Global Markets, at the University of Chicago's Booth School of Business, of 42 nationally ranked economists on the question of whether raising the federal minimum wage to $15 over the next five years would reduce employment opportunities for low-wage workers. The Senate Budget Committee's blog says, "Top Economists Are Backing Sen. Bernie Sanders on Establishing a $15 an Hour Minimum Wage." It lists...
  • The Fed Should Let Middle-Class Workers Prosper

    01/09/2016 11:09:50 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | January 9, 2016 | Larry Kudlow
    The Dow Jones lost over 1,000 points this week. It's down 9 percent over the past year. The broader S&P 500 also got clobbered, and is down 7 percent in the past year. What's going on? Is the world coming to an end? Is it 2008 all over again? Will the U.S. import recession from a falling Chinese yuan? Are hard-working middle-class wage earners about to drive up the inflation rate? No, no, no, and no. First up, the drop in the Chinese currency is about 6 percent since last August and the offshore (Hong Kong) yuan has fallen 7.5...
  • Bill Gross on China, Secular Stagnation, and the Highly Leveraged "Negative Carry" Environment

    01/08/2016 1:51:03 PM PST · by Kaslin · 2 replies
    Townhall.com ^ | January 8, 2015 | Mike Schedlock
    In a Bloomberg TV Interview, Bill Gross of Janus Capital spoke with Bloomberg's Tom Keene about the state of the global economy. The interview and transcript below are well worth the time. Gross' thoughts on negative carry are particularly interesting. I offer my comments beneath the transcript. Partial Transcript TOM KEENE: Bill, good morning to you, thrilled to speak to you tomorrow on the jobs report. Let's talk about the more urgent matters of this market. First of all, Bill, China is the topic. Is this about China and their stock market? Or is there more going on on this...
  • Next President's Second Task

    01/03/2016 5:48:50 AM PST · by Kaslin · 30 replies
    Townhall.com ^ | January 3, 2016 | Bruce Bialosky
    Many people do not understand the inability of the Republicans to accomplish more in Washington. They can certainly put a stall on many of President Obama's appointments, especially judges who will outlast this president's term, but the president has too much power. If we look forward to the next president, who will be a Republican -- short of a fit of stupidity -- that person will have a lot to do and it is clear what their second task will be. The obvious first task is to review all of Mr. Obama's executive orders, many of which are lawless, and...
  • Bernie and Hillary Inspired My Wish List for 2016

    01/02/2016 7:28:54 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | January 1, 2016 | Michael Hausam
    I spent some time on Hillary Clinton and Bernie Sander's websites, waiting for the ball to drop. I was inspired. With as much reach-across-the aisle moderation and coalition-building attitude as possible, I compiled a few 2016 political resolutions. The issues are basically copy and pasted from H-Rod and Bernie's sites. The fleshed-out details are mine. Paint me a kumbaya-crooning hopeful idealist if you must, but these are truly and honestly the things that I'm hoping will occur: Gun Violence Prevention There is too much gun violence and there are too many murders. Merely banning guns or restricting the purchasing of...
  • Do We Need the Fed?

    12/22/2015 5:16:04 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | December 22, 2015 | Ron Paul
    Stocks rose Wednesday following the Federal Reserve's announcement of the first interest rate increase since 2006. However, stocks fell just two days later. One reason the positive reaction to the Fed's announcement did not last long is that the Fed seems to lack confidence in the economy and is unsure what policies it should adopt in the future. At her Wednesday press conference, Federal Reserve Chair Janet Yellen acknowledged continuing "cyclical weakness" in the job market. She also suggested that future rate increases are likely to be as small, or even smaller, then Wednesday's. However, she also expressed concerns over...
  • Squandered Resources on College Education

    12/09/2015 5:01:41 AM PST · by Kaslin · 19 replies
    Townhall.com ^ | December 9, 2015 | Walter E. Williams
    Most college students do not belong in college. I am not by myself in this assessment. Washington Post columnist Robert Samuelson said, "It's time to drop the college-for-all crusade," adding that "the college-for-all crusade has outlived its usefulness." Richard Vedder, professor emeritus of economics at Ohio University, reports that "the U.S. Labor Department says the majority of new American jobs over the next decade do not need a college degree. We have a six-digit number of college-educated janitors in the U.S." Vedder adds that there are "one-third of a million waiters and waitresses with college degrees." More than one-third of...
  • Buyers Beware: The Islamic Revolutionary Guard Corps Is Your Business Partner

    11/05/2015 11:12:42 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | November 5, 2015 | Mohammad Amin
    In a post-nuclear-deal setting, the Iranian consumer market, characterized by a young and innovative population whose consumption habits align with western models, seems hard to resist for western companies. But, it would be detrimental if in striking business deals with Iran, these companies set aside all caution and vigilance. In most cases, they would be dealing with the worst elements of the regime. Consider one of the more recent examples. It is usually the Iranian capital Tehran that hosts high-level foreign delegates. Last month, however, it was the city of Mashhad that played host to a sizeable delegation representing French...
  • Breaking Through the Obama Economy Coverup

    11/04/2015 7:28:41 AM PST · by Kaslin · 16 replies
    Townhall.com ^ | November 4, 2015 | Donald Lambro
    WASHINGTON - After the combative, vacuous questions CNBC reporters asked in the last Republican presidential debate, Donald Trump wants to set the terms of the next televised event for himself. The billionaire real estate mogul wants to negotiate the rules for future debates directly with the network television executives. He announced his plan in the midst of an effort by the other GOP candidates and their party to set forth a list of demands on how the debates should be run. Trump's unilateral move appeared to be an attempt to take control of the debates to suit his campaign...
  • Pain for Many on Labor Day

    09/09/2015 10:35:27 AM PDT · by Kaslin · 21 replies
    Townhall.com ^ | September 9 | Stephen Moore
    My 22-year-old son lives at home and still depends on his old man for spending money. My profoundest fear is that like Will Ferrell's character in "Wedding Crashers," he will never leave the nest. I'm not alone. There are some 20 million college grads living at home. A 2014 study reported by CNNMoney found that half of kids who are two years out of college rely on their parents to pay some or all of their bills. It's the new normal for 20-somethings. Gee, parents sure are getting a great financial return on the $150,000 they've shelled out for...
  • Coakley is Wrong to Champion 'Chip and PIN' Fits-All-Solution

    05/26/2015 5:51:20 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | May 26, 2015 | Neil McCabe
    Martha Mary Coakley, recently hired at the liberal Boston law and lobbying firm Foley Hoag, has come out swinging for mandatory Chip-and-PIN systems for debit and credit cards. Although, she must be desperate for a win, it is hard for me to pity Coakley or agree with her. When I was a reporter in Somerville, Massachusetts, a small city bordering Boston, I knew of three instances, where she declined to pursue sexual assault charges against politically connected suspects, as the Middlesex County District Attorney. This was before she lost a Senate race to Republican Scott P. Brown in 2010 or...
  • Everything's Up in Obama's America: Poverty, Taxes, Debt, and Gas Prices

    05/15/2015 1:47:32 PM PDT · by Kaslin · 8 replies
    Townhall.com ^ | May 15, 2015 | Donald Lambro
    WASHINGTON - Barack Obama participated in a panel discussion this week about poverty in America, but failed to acknowledge the central reason why it has remained so high under his presidency. And that reason has to do with anti-growth policies that have held back tens of millions of low income Americans, and destroyed entry level jobs that would help the poor get on the first rung of the economic ladder. The Census Bureau, which gathers the nation's poverty data, said that more than 45 million Americans were stuck below the poverty line, according to figures released late last year. This...
  • At Georgetown, Obama Masquerading Again as Bipartisan

    05/15/2015 7:13:41 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | May 15, 2015 | David Limbaugh
    I watched President Obama's remarks on poverty at Georgetown University, and several things stood out to me, apart from his umpteenth swipe at Fox News. Obama sometimes makes statements that sound reasonable and moderate, but he either doesn't believe the things he's saying or has an ideological blind spot about what they really mean. But his practice of saying such things, I think, is one reason that during the 2008 presidential campaign, some were fooled into believing he was bipartisan and a uniter. He continues to decry extremism from both sides and implies his own position is decidedly more moderate....
  • Beliefs and Outcomes

    04/30/2015 5:34:31 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | April 30, 2015 | Jackie Gingrich Cushman
    According to C.S. Lewis, "We are what we believe we are." If he is correct, then it raises this question: Do our beliefs on where we fit in among the economic classes create a self-fulfilling prophecy, and, if so, can downgrading our beliefs change our economic outcomes? We all know from experience that beliefs and outcomes can be mutually reinforcing, in positive and negative ways. The trainer who helped me get into the best shape of my life about eight years ago had a mantra that he drilled into my head: "You can do it; you can do it --...
  • Gallup Says Obama Economy Is "Most Important Problem"

    04/11/2015 7:40:14 AM PDT · by Kaslin · 33 replies
    Townhall.com ^ | April 11, 2015 | Donald Lambro
    WASHINGTON - Why is it that many of the Republican presidential contenders are dodging issues the voters say are among their highest concerns? Go to the Gallup Poll's website that lists the issues that trouble Americans most and you'll find the economy and jobs are far and away the "most important problems" they face, according to the pollster's recent surveys. I know why the nightly news shows don't deal with this, because for a very long time now they've been trying to convince us that the Obama economy is doing fine and people are doing better. It isn't and they...
  • Are Liberal Policies Squeezing the Middle Class?

    03/21/2015 5:32:49 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | March 21, 2015 | John C. Goodman
    resident Obama’s concern about “middle class economics” is justified. But as I pointed out in a previous post, his prescriptions would do almost nothing to solve the problems. According to a private sector estimate, the benefit for families in the middle from all of the Obama proposals would be a paltry $12 a year. According to the Treasury Department, the benefit would be closer to $150. Either way, it’s small potatoes. If you don’t understand the problem – or won’t acknowledge it even if you do understand it – you are unlikely to find a solution that works. Here is...
  • The President: Ill Take the Creditand Charge You $100 Million (No doubt, he would)

    03/16/2015 12:02:22 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | March 16, 2015 | Katie Kieffer
    When your boss takes credit for your work, he pays you. When Obama takes credit for creating 500,000 jobs that already exist, he expects you to pay him. $100 million dollars. Minimum. Last week, Obama announced, TechHire, a plan that takes $100 million from the H-1B visa program and gives it to select universities, community colleges and corporations in the form of grants to train and hire American tech workers. Put your sarcastic hat on... In comparison to Obama, the late Apple co-founder Steve Jobs was an abject failure when it came to creating jobs because he went about it...
  • France's Other Problem -- Job-Killing Economics

    01/15/2015 7:40:27 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | January 15, 2015 | Larry Elder
    Islamic terrorists slaughtered 17 innocents in Paris in an attack described as "France's 9/11." The two terrorist suspects at the satirical newspaper massacre are brothers, born and raised in France, children of parents who emigrated from Algeria. Some blame France's failure to "assimilate" Muslim youth on their attraction to violent jihad. While almost 25 percent of French youth is out of work, the number of young French Muslim people without jobs is over 40 percent. Muslims account for 10 percent of the French population but occupy 60 percent of its jails. Never mind that Osama bin Laden was wealthy. Ayman...
  • Now We Can Call It E-Nullify

    12/03/2014 11:36:46 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | December 3, 2014 | Barney Brenner
    It was one of the few federal programs which worked well, did something good for America, and was popular with those using it. So it was just a matter of time before it became another casualty of the Obama administration. To protect the jobs not only of Americans, but also law-abiding immigrants, many of whom devoted years to legally plod the pathway to our country, E-Verify, a method of checking the legal status of job applicants, was established in 1997 to prevent illegal aliens from gaining employment in the US. The reasoning was sound (and should be our approach for...
  • The Power Of Scapegoating

    08/10/2014 4:46:31 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | August 10, 2014 | Derek Hunter
    Its a tradition as old as time blaming someone else for ones own problems. Its called scapegoating, and humans have a long history of it. We blame others for our own hardships because, well, its easier than dealing with the fact that most, if not all, our problems are the result of choices we made. How many people do you know whove been fired from a job and said something along the lines of My boss hated me? People have been fired out of spite, but for the most part, it doesnt happen to great employees. Know any...
  • What If There Were Too Many Jobs?

    06/22/2014 5:57:12 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | June 22. 2014 | Austin Hill
    What could possibly help elevate the earnings of entry-level workers better than a new minimum wage law? How about a thriving economy and near-zero unemployment! President John F. Kennedy once observed that improvements in the economy overall serve the interests of workers overall, and stated that "a rising tide lifts all ships." Today members of his own Democrat party tend to gravitate more to the rhetoric of Karl Marx ("abolish all private property" seems closer to President Obama's worldview than does JFK), and far too few Republicans care about Kennedys vision. But the wisdom of Kennedy is alive and well....
  • The Racket of Guest Workers

    06/03/2014 4:04:40 PM PDT · by Kaslin · 10 replies
    Townhall.com ^ | June 3, 2014 | Phyllis Schlafly
    Tom Donohue, U.S. Chamber of Commerce president, just hurled a challenge to Republicans. If they don't pass amnesty for illegal aliens, they "shouldn't bother to run a candidate in 2016." Somebody probably told him that outrageous statement was a gaffe, which means the inconvenient revelation of an embarrassing viewpoint, so Donohue tried to pass off his threat as a joke. But it isn't funny: Donohue's big-business members want us to import more low-paid workers, and they want them now, suggesting that this fall's lame duck session of Congress would be a good time to implement this racket. And it...
  • The Myth of the Shrinking Deficit

    05/06/2014 4:45:04 PM PDT · by Kaslin · 4 replies
    Townhall.com ^ | May 6, 2014 | Christine Harbin Hanson
    Federal budget season is well underway in Washington, and the White Houses latest talking point is that the deficit is shrinking. [The] deficit has been cut in half at a record pace, or been cut at a record pace, Press Secretary Jay Carney commented at a recent press briefing. Looking past the politically-charged posturing coming from the White House, we see that shrinking deficits is smoke and mirrors. Not to be confused with the national debt, the deficit is the difference between the amount that the government taxes in as revenue and the amount that it spends in a...
  • What's Behind Friday's Jobs Numbers?

    05/03/2014 12:03:04 PM PDT · by Kaslin · 17 replies
    Townhall.com ^ | May 3, 2014 | Peter Morici
    The economy created 288,000 jobs in April, up from 203,000 in March. Thats the second best showing of the Obama recovery but still less than what is needed each month to raise employment to prerecession levels. Those results are consistent with an economy recovering from its winter slump but performing well below full potential4 to 5 percent GDP growth and 400,000 to 500,000 jobs a month. Construction, manufacturing, retail and wholesale trade, business and professional services, finance, health care, leisure and hospitality, and government employment were all up. Information technology registered a small loss. Hourly earnings made no gain, indicating...
  • Republican Gets Ejected from Interview for Pointing Out Liberal Bias

    05/03/2014 9:35:12 AM PDT · by Kaslin · 22 replies
    Townhall.com ^ | May 3, 2014 | Michael Schaus
    A Republican candidate for US Senate was kicked out of a recent interview for having the audacity to point out a reporters disrespect and liberal bias. The unforgivable sin was committed by Oregon Republican Mark Callahan, after a reporter equated his skepticism of global warming to believing in the Easter Bunny, and writing down blah, blah, blah, as a fellow Republican answered a similar question. Yes Offending paper-skinned, pen-wielding, liberal journalists is clearly a sin so grave that even candidates for US Senate find themselves censored and silenced. The drama began when Callahan chastised reporter Nigel Jacquiss for mocking a...
  • 5 Ways Liberals Hurt The Poor

    05/03/2014 4:02:42 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | May 13, 2014 | John Hawkins
    Democrats have long since realized that people who are poor and dependent on the government will vote for them, even if it is their liberal policies that created the poverty and dependency. That's why every ghetto in America is controlled lock, stock, and barrel by liberal Democrats. Unfortunately, so many destitute Americans have yet to realize that liberal policies don't fight poverty; they maintain it. Perhaps the worst thing about that is the betrayal of the poor people involved. Most of them are just having a hard time and looking for a little help to make life easier for themselves...
  • U.S. Economy Slides Deeper Into Decline

    05/02/2014 12:20:22 PM PDT · by Kaslin · 23 replies
    Townhall.com ^ | May 2, 2014 | Donald Lambro
    WASHINGTON - The Obama economy nearly stopped breathing in the first quarter, giving the Republicans new political ammunition for a full takeover of Congress in the November elections. No sooner did the Commerce Department announce that the economy barely grew by one-tenth of one percent in the first three months of this year, than the news media was searching for the toughest words to describe the U.S. economy's demise under President Obama's anti- growth, anti-job policies. "U.S. Economic Growth Slows to a Crawl," was the way the Reuters news agency put it Wednesday, and even that was being generous. Some...
  • Free Fall: GDP Plummets to 0.1 Percent

    04/30/2014 7:12:57 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | April 30, 2014 | Katie Pavlich
    New numbers show the GDP took a nose dive in the past quarter going from 2.5 percent to just 0.1 percent, prompting analysis that America could be headed for a double dip recession. More from the Wall Street Journal. The U.S. economy slowed in the first quarter to one of the weakest paces of the five-year recovery as the frigid winter appeared to have curtailed business investment and weakness overseas hurt exports. Gross domestic product, the broadest measure of goods and services produced across the economy, advanced at a seasonally adjusted annual rate of 0.1% in the first quarter, the...
  • Hey UAW: IF You Don't Like Politics, Then Don't Be Political

    04/27/2014 5:17:26 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | April 27, 2014 | John Ransom
    Dosborne wrote: And yet the Berkeley Earth group (funded in part by the Koch brothers) found that there is in fact a anthropogenic factor involved in the current climate change we are seeing. As far as oversight and regulations in the drug industry. Despite all of the oversight. New and sometimes lethal side effects result in drugs being pulled off the market every year. But what you and others here seem to be suggesting is that we reduce the oversight and regulation of new drugs. Leading to more people being injured by or even dying as a result? --How Obamacare...
  • Both at Home and Abroad, Obama's Presidency is Floundering

    04/19/2014 5:48:16 AM PDT · by Kaslin · 40 replies
    Townhall.com ^ | April 19, 2014 | Donald Lambro
    WASHINGTON -- Barack Obama is getting a number of critical report cards on his foreign and domestic policies lately. Here at home, Janet Yellen, in her first monetary policy address as the head of the Federal Reserve Board, said the labor markets were still weak, and that it will likely take two years or more before the U.S. fully recovers from its recession. Ouch. If Yellen's forecast proves right, this means it will have taken Obama's administration nearly eight years to lift our economy out of its long and painful lethargy. She expressed grave concern that the economy's 6.7 percent...
  • 21st-Century Politics: A Minus-Sum Game Where Everybody Loses

    02/28/2014 6:53:09 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | February 28, 2014 | Scott Rasmussen
    "A simple recipe for violence: promise a lot, deliver a little. Lead people to believe they will be much better off, but let there be no dramatic improvement." The brilliant political scientist Aaron Wildavsky wrote these words in 1968 while America was engulfed in race riots and anti-war protests. Sadly, his words from long ago eerily describe the politics of 21st-century America. President Barack Obama and his recent predecessors have been good about promising a lot but delivering little. The current crusade to raise the minimum wage is a perfect example. Regardless of whether or not it makes sense, the...
  • The Unsurprising Success of Subsidy

    02/16/2014 12:37:26 PM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 16, 2014 | Paul Jacob
    Moving on from unfulfilling jobs, thanks to health-care law, was the gleeful headline across the story spoon-fed to the Washington Post by Families USA, a pro-Obamacare group that maintains a database of people who have benefitted from the so-called Affordable Care Act. No doubt, thats a pretty easy list to maintain. One person on the list is Polly Lower of Bourbon, Indiana. She quit her job and says, It was wonderful. Lower didnt want the job anymore, because she went from doing payroll, which she liked, to working on her bosss schedule, which she loathed. Oh, the humanity! Take this...
  • Five Years Later: How's that Wreckovery Working Out?

    02/14/2014 4:33:06 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | February 14, 2014 | Michelle Malkin
    On Feb. 17, 2009, President Obama promised the sun and the moon and the stars. That was the day, five years ago, when he signed the $800 billion "American Recovery and Reinvestment Act." President Modesty called it "the most sweeping economic recovery package in our history." He promised "unprecedented transparency and accountability." He claimed the spending would lift "two million Americans from poverty." Ready for the reality smackdown? The actual cost of the $800 billion pork-laden stimulus has ballooned to nearly $2 trillion. At the time of the law's signing, the unemployment rate hovered near 8 percent. Obama's egghead economists...
  • Obama's Deceitful Blame-Shifting Game

    01/24/2014 6:32:25 PM PST · by Kaslin · 9 replies
    Townhall.com ^ | January 24, 2014 | Donald Lambro
    Throughout his economically-troubled presidency, Barack Obama's governing strategy has been one of political distraction: Blaming his failures on others in an attempt to convince enough Americans that he's not at all responsible for an underperforming, jobless economy. His latest, duplicitous shell game is to raise the issue of income inequality, which he blames on heartless business people and Republican lawmakers who refuse to buy into his dubious, job-killing plan to raise the nation's minimum wage and enact a bundle of new big-spending programs to help the unemployed. He's trying to shift our attention from the real reasons behind the growing...
  • Obama's State of the Onion Smells

    01/22/2014 6:43:38 AM PST · by Kaslin · 28 replies
    Townhall.com ^ | January 22, 2014 | John Ransom
    Lets never forget: Millions of Americans who work hard and play by the rules every day deserve a government and a financial system that does the same. Its time to apply the same rules from top to bottom: no bailouts, no handouts, and no cop-outs. An America built to last insists on responsibility from everybody. Except for me. - Paraphrase from president Obamas 2012 State of the Union Prepare ye the way for Obama's next State of the Onion speech. By pulling out a TV guide. Radio host Mark Levin has called on the GOP to boycott the State of...
  • Pursuing Economic Fairness Without Understanding Economics

    01/20/2014 10:47:21 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | January 19, 2014 | Austin Hill
    I just want what is fair for everybody If Ive heard that line once, Ive heard it hundreds of times on those occasions when I end up discussing business, economic, and public policy issues with members of the clergy. With the uptick in minimum wage worker strikes over the past few months (we saw another round of them at Wal-Mart stores this past week), Ive had these conversations quite frequently. What is striking to me is that the starting point for many of these Pastors, Priests and Rabbis is to say that they are standing up for workers rights. But...
  • Our Clueless President

    01/16/2014 6:27:45 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | January 16, 2014 | Michael Reagan
    Let me get this straight. For five years Barack Obama has been president. For five years hes demonstrated -- with amazing consistency -- that he has no clue what we need to get out of the ditch and back on the road to real economic recovery. Hes repeatedly demonstrated that he cant work with a divided Congress and he cant, or just plain wont, lean on Harry Reid to allow the Senate to vote on the stack of jobs bills that has been sent over by the House. The president clearly has learned nothing on the job. And now our...
  • Website, Schmebsite, Keep Your Eyes on the Big Ball

    12/03/2013 4:23:00 AM PST · by Kaslin · 7 replies
    Townhall.com ^ | December 3, 2013 | David limbaugh
    I'm not sure which the Obama administration is better at, deceiving the American people into accepting its initial policy changes or conning them into accepting, after the fact, the lowering of expectations for these failed policies. Just look at this president's miserable track record on both counts. His administration predicted his exorbitant stimulus package would create boatloads of "shovel-ready" jobs (not to mention reduce unemployment), but it didn't even come close. In response, Obama insisted the economic circumstances he inherited were far worse than he had imagined. He also cynically joked away his promise to generate shovel-ready jobs -- as...
  • Racial Trade-offs: Part II

    10/16/2013 4:32:46 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | October 16, 2013 | Walter E. Williams
    Last week's column discussed the political trade-offs made by black politicians and civil rights organizations that condemn whole generations of black youngsters to failing schools (http://tinyurl.com/6mmlsf). Similar political trade-offs in labor markets condemn many blacks, particularly black youths, to high rates of unemployment and reduced economic opportunities. Let's look at this, starting with a few historical facts. Today white teen unemployment is about 20 percent, while that for blacks is about 40 percent and more than 50 percent in some cities. In 1948, the unemployment rate of black 16-year-old and 17-year-old males was 9.4 percent, while that of whites was...