CBO: U.S. enduring the longest period of high unemployment since the Great Depression
After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.
And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven’t sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.
The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama’s stimulus program, which is also reaching its three-year anniversary today.
February 17, 2012 | Categories: 2012 Election, Agency Regulation, America's Freedoms, America's National Security, American Legacy People, Balanced Budget, Class Warfare, Cloward and Piven Strategy, Congress, Congress: Inquiries & Committees, Constitution, Constitutional Responsibilities, Consumer Issues, Corruption, Corruption in Government, Deficit, Economic Security, Economic Terrorism, Education, Election 2012, Elections Politics, Employer Uncertainty, Energy and Oil, Excessive Government Spending, Fiscal Responsibility, Freedom Justice and Liberty, Government, Government Appointments, Government Regulations, Healthcare, Illegal Election Funding, Individual Rights and Freedoms, Jobs, Learn from History, Liberal Scare Tactics, Liberals Big Spending and Taxes, Manufactured Crisis, Most Americans Reject Socialism, National Debt, National Security, New Media News, Political Contests, Political Incompetence, Politically Intentioned Crisis, Politics, Poll Numbers, POTUS Deception, POTUS Elibility Issue, Privacy for Citizens, Progressives pushing for Marxism/Socialism, Propaganda, Rejecting Political Correctess, Religious Freedoms, Rights of States, Smaller Government, TEA Taxed Enough Already, The Economy, Unemployment, Unfunded Union Pensions, UNION Corruption, UNIONS ACORN and SEIU, VOTER FRAUD | Tags: Big Labor, CBO, Congress, Congressional Budget Office, Constitution, economy, employment, federal budget, Federal Spending, jeb hensarling, Marxists in the White House, Most Americans Reject Socialism, News, Obama, Obamacare, political victory, politics, sander levin, Socialist agenda, stark reminder, unemployment | Leave A Comment »
Posted Aug 12th 2011 at 1:45 pm
This WaPo article — “Obama tries to change subject back to green jobs” — is an instant classic of a new, Obama-era genre: cheerleading for expensive schemes which exist solely due to political whimsy and consideration, and are therefore little more than make-work.
The item begins, “After spending weeks talking about topics he probably would have preferred to avoid — debt limits, deficits, a plunging stock market — President Obama will hit the road Thursday to talk about jobs. Specifically, about how his administration is trying to create more of them.”
The green ones. Which schemes failed where the president used to tell us to look but no longer does because the failures were exposed. As his spokesman admits “the White House doesn’t create jobs”.
And his critics say he’s out of ideas! But, hmm. Yes. I suppose that ‘green jobs’ thing went over well last time he led with it. Still, if ending up as a punch-line is victory, what does defeat look like?
More to the point, how much would whatever constitutes defeat cost us? Because WaPo says about this, the Obama administration’s chosen, sterling example of the economy they seek to design (what happened to telling us to look to Spain?), in return for $305 million in cited wealth transfers, “All told, the company has said its advanced battery operations could create 500 new positions.”
That is, this rosy, nice round-numbered scenario of ‘could’ (read: unlikely), produce temporary jobs — that is, they all disappear when the wealth transfer and/or mandates or preferences are burned through — at $610,000 per.
August 12, 2011 | Categories: 2012 Election, Agency Regulation, America's Freedoms, Balanced Budget, Cloward and Piven Strategy, Congress, Constitution, Constitutional Responsibilities, Corruption, Corruption in Government, Deficit, Economic Security, Economic Terrorism, Election 2012, Elections Politics, EPA Regulations, Excessive Government Spending, Federal Reserve Bank, Foreign Policy, Freedom Justice and Liberty, Fuel Prices, Government, Government Regulations, Jobs, Liberals Big Spending and Taxes, Manufactured Crisis, Media Corruption, Middle East Affairs, Most Americans Reject Socialism, National Debt, National Security, New Media News, Political Incompetence, Politics, Propaganda, Radical Liberal Progressive Left, Recovery, Scandals, Smaller Government, TEA Taxed Enough Already, The Economy, The Environment, Unemployment, Value of the Dollar | Tags: Al Gore, clean energy economy, Council on Economic Advisors, deficit, employment, Energy, environment, excessive government spending, Federal Spending, green energy, green jobs (?), Harry Reid, jobs, Kenisian economics, more of stimulus' biggest bust, National Debt, Obama, Obama Perfect September Storm, obama speech, Regulation, SBA, Small Business Administration, stimulus, subsidies, WaPo | Leave A Comment »
In the Following Gripping Newsmax Investigative Report . . .
A beloved Nobel Prize winning economist and trusted adviser to President Ronald Reagan, has exposed the dangerous dealings between the White House, Federal Reserve and influential special interests . . .
May 17, 2011 | Categories: America's Energy, America's Freedoms, Balanced Budget, Cloward and Piven Strategy, Congress: Inquiries & Committees, Corruption, Deficit, Economic Security, Economic Terrorism, Election 2012, Energy and Oil, Excessive Government Spending, Freedom Justice and Liberty, Fuel Prices, Government, Government Regulations, Jobs, Manufactured Crisis, Media Corruption, Most Americans Reject Socialism, National Security, New Media News, Politics, Public Sector (Government), Radical Liberal Progressive Left, Redistribution of Wealth, Stock Market, Banks & Financial Institutions, TEA Taxed Enough Already, The Economy, The Environment, Unemployment, Unfunded Union Pensions, UNIONS ACORN and SEIU, Wall Street - Main Street | Tags: dangerous dealings, economy, employment, Federal Reserve, money mischief, National Debt, Newsmax, special report, unemployment, White House | Leave A Comment »