Truth Has No Agenda (GB)

Posts tagged “employment

CBO: Longest Period of High Unemployment Since Great Depression

[USNews.com]

CBO: U.S. enduring the longest period of high unemployment since the Great Depression

Posted: February 17, 2012 RSS Feed Print

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.

[Dems Tout GOP Payroll Tax Plan as Political Victory.]

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.

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Gore, Reid and More of Stimulus’ Biggest Bust: Obama’s Perfect September Storm

Christopher C. Horner

BigGovernment.com

by Christopher C. Horner

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.

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Newsmax.com Message About This Nation’s Future

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 . . .

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