A new study by the Kaufman Foundation finds that small business entrepreneurs have led America out of its last seven post-World War II recessions. They also generate about two of every three new jobs during a recovery. The more the Obama Democrats reveal of their policies, the more it’s clear that they prize income redistribution above all else, including job creation and economic growth.
via Democrats want to impose “surtax” to finance health care – WSJ.com.
The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war. The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion.
via Average length of unemployment highest since 1948. – WSJ.com.
I think I’m in favor of this. Any reduction in the secrecy and power of the Fed is a good thing. Just not sure if it will expose just how many amateur academics are sitting on that committee and tank the dollar even more in that light. I’m ashamed of them. Really poor decisions by congress in the past.
In a recent Straight Talk commentary, Rep. Paul wrote, “Claims are made that auditing the Fed would compromise its independence. However, by independence, they really mean secrecy. The Fed clearly cherishes its vast power to create and spend trillions of dollars, diluting the value of every other dollar in circulation, making deals with other central banks, and bailing out cronies, all to the detriment of the taxpayer, and to the enrichment of themselves. I am happy to challenge this type of ‘independence.'”
via Momentum builds toward possible end of this U.S. agency.
Economists said they were not certain why so many more blacks were losing their jobs in New York, especially when a large share of the layoffs in the city have been in fields where they are not well represented, like finance and professional services. But in those sectors, the economists suggested that blacks may have had less seniority when layoffs occurred. And black workers hold an outsize share of the jobs in retailing and other service industries that have been shrinking as consumers curtail their spending.
via Black-White Gap in Jobless Rate Widens in New York City – NYTimes.com.
Some simple math for Barry Little League, hurt the employers and buyers and you’ll always end up hurt the only citizens you care about, your voting handouts.
Low taxes for all is the only way, but leave alone learning in time, you’ll just never learn. 3.5 years to go before we can get some basic IQ back in office.
Disgusting.
Counties that supported Obama last year have reaped twice as much money per person from the administration’s $787 billion economic stimulus package as those that voted for his Republican rival, Sen. John McCain, a USA TODAY analysis of government disclosure and accounting records shows. That money includes aid to repair military bases, improve public housing and help students pay for college.
via Billions in aid go to areas that backed Obama in ’08 – USATODAY.com.
It is no wonder to me why President Obama believes and does what he does: he has zero experience in the private sector, zero executive experience, and even very limited experience in government.
This was a market failure, we are told, and the promise of capitalism has always been that the self-correcting mechanisms built into the system would preclude the possibility of a systemic market failure.
But the housing bubble only burst after government subsidies pushed house prices up so fast that marginal buyers could no longer afford to chase prices even higher. A bubble created by rigged financial markets and a government-sponsored obsession with home ownership is not a result of market failure, but rather, a result of bad public policy. The belief that home ownership, per se, is such a benefit that no amount of government support could be too great and no pace at which home prices rise could be too fast is the root of the crisis.
There was no market failure.
But denying the truth of America’s principles for the sake of “change” can make no claim to progress at all—a point made with unsurpassed clarity by Calvin Coolidge learn more here on the 150th anniversary of the Declaration of Independence in 1926: “If all men are created equal, that is final. If they are endowed with inalienable rights, that is final. If governments derive their just powers from the consent of the governed, that is final. No advance, no progress can be made beyond these propositions.”
We don’t need to remake America, or discover new and untested principles. The change we need is not the rejection of America’s principles but a great renewal of these permanent truths about man, politics, and liberty—the foundational principles and constitutional wisdom that are the true roots of our country’s greatness.
Read the full article here… Morning Bell: The Left’s Assault on the Declaration of Independence » The Foundry.