Congratulations, folks! At least half-a-million of you soon won’t be “stuck in a job” anymore…
(via Reuters) – “…Raising the U.S. federal minimum wage to $10.10, as President Barack Obama and Democrats in Congress are proposing, could result in about 500,000 jobs being lost by late 2016, the Congressional Budget Office (CBO) estimated on Tuesday…”
You may have heard that the CBO (Congressional Budget Office) recently released a disastrous report which detailed that Obamacare was likely to result in 2.3 million fewer jobs.
But as fast as that news came out, the Democrats and their Media shills issued a counter narrative: “No, that’s not true! It’s not that Obamacare will kill jobs! It’s only that people will choose not to work (or work as much) so as to qualify for health care subsidies, and THAT means that there’ll be the equivalent of 2.3 million fewer people working.
See? It just kills employment, not jobs, which is TOTALLY different! Sorta…”
Of course, the casual news gatherer (which is way more than half the population) never heard the second half of that argument. They heard “No, that’s not true…”, and the rest faded into Miss Othmar’s voice from the Charlie Brown cartoons. No matter, they got the gist: those Republicans have obviously lied once again about King Barack the Beneficent and his glorious Health Care Machine. The details as to exactly if, how or why they lied are probably unimportant, anyway.
Except that they’re not.
Posted in government, media, Obamacare, politics
Tagged 2.3 million jobs, Anderson Cooper, CBO, choose, CNN, Congressional Budget Office, jobs, media, media bias, Obamacare, Paul Ryan, unemployment
Did you hear the great news?
(via the Associated Press) – “…Several million people will reduce their hours on the job or leave the workforce entirely because of incentives built into President Barack Obama’s health care overhaul, the Congressional Budget Office said Tuesday.
That would mean job losses equal to 2.3 million full-time jobs by 2021, in large part because people would opt to keep their income low to stay eligible for federal health care subsidies or Medicaid, the agency said. It had estimated previously that the law would lead to 800,000 fewer jobs by that year…”
Sure, sure, that doesn’t seem like great news. But that’s exactly why the White House’s crack PR spin-meisters (CODENAME: the “Alternate Reality Team”) was activated as soon as this news hit. The guys from the A.R.T. (motto: “Anyone can lie, but what we do is ART”) instantly assured everyone within earshot that y’all are just too stupid to understand complex economy-related terms, such as “fewer jobs” and “2.3 million of ’em“:
Posted in Obamacare, politics, unemployment
Tagged CBO, Congressional Budget Office, health care, job killer, jobs, Obama, Obamacare, politics, President Obama, unemployment
Just as he has for the past 5 years, President “YouCanKeepYourPlan” Obama believes that no matter what he says, as long as he says it over and over and over again, it’ll somehow magically come to pass. Or at the very least, that we’ll believe him just long enough for him to get his way.
That was an interesting if misguided theory at the advent of his tenure. But now, with the country trillions further in debt and no end in sight, it’s now more accurately to be considered either “dangerous” or “delusional”.
Honestly, I think it’s a toss-up:
As our economy continues to struggle, opening up our own business has crossed the minds of many of us. However, if you happen to live in Detroit, you’d better think twice (or even three or four times) before you decide to make a go of it in Motown these days.
Today, Detroit is facing issues largely of their own making, such as high unemployment (+18%), crushing debt, rampant crime, and blight. But if you were thinking that an aggressive, pro-business, let’s-all-pitch-in-together attitude would prevail in City Hall, …forget it.
That’s just not how they roll in the Motor City these days:
Posted in Economy, government, politics
Tagged Back To School, debt, Detroit, economy, Liberal, politics, REASON TV, small business, small business owners, unemployment
Lost in all of the Syria/Obama/will-he-or-won’t-he headlines from the past several days is the massive devastation of the United States jobs market.
Glenn Foden over at Townhall.com summarized it perfectly:
To place Glenn’s cartoon into context, all you need is this article from Bloomberg News:
“…While unemployment dropped last month to 7.3 percent, the lowest level since December 2008, the decline occurred because of contraction in the workforce, not because more people got jobs. Labor-force participation — the share of working-age people either holding a job or looking for one — stands at a 35-year low.”
This news item got a bit lost over the weekend, which may have been by intent. However, this excerpt shows you just how deeply indebted (or how like-minded) President Obama is to the radical “Green” lobby in the United States.
In a New York Times interview published Saturday, President Obama came out foursquare against the Keystone XL pipeline, claiming that it would not create jobs. “Republicans have said that this would be a big jobs generator,” Obama said. “There is no evidence that that’s true.”
Posted in energy, gas, Obama, oil, politics, unemployment
Tagged climate, Energy, environment, green energy, jobs, Keystone XL, New York Times, Obama, oil, pipeline, politics, unemployment