ANDREW KLAVAN: Obamanomics 101, Understanding How the Obama Economy Works.
Althouse; The unemployment rate fell to 8.1% from 8.3%. Also from Instapundit: THAT’S CONVENIENT: U.S. August payrolls rise 96,000, jobless rate falls to 8.1%.
How did the jobless rate improve if the jobs number was disappointing? Here's how:
30-year low in workforce participation rate. In other words, if you get everyone to drop out of job hunting, the jobless rate will be 0%.
Rick Moran; Pathetic jobs numbers "The lowest labor participation rate - 63.5% - in more than 30 years. Falling wages, stagnant work week. Even temp jobs fell -- not because full time jobs became available but because companies don't need workers of any kind.
"Say it with me -- "Four more years..." "
Rick Moran; Pathetic jobs numbers "The lowest labor participation rate - 63.5% - in more than 30 years. Falling wages, stagnant work week. Even temp jobs fell -- not because full time jobs became available but because companies don't need workers of any kind.
"Say it with me -- "Four more years..." "
WaPo; Woodward book chronicles Obama’s fiscal policy battle with congressional Republicans "Woodward portrays Obama’s attempts to woo business leaders as ham-handed and governed by stereotype. At a White House dinner with a select group of business executives in early 2010, Obama gets off on the wrong foot by saying, “I know you guys are Republicans.” Ivan Seidenberg, the chief executive of Verizon, who “considers himself a progressive independent,” retorted, “How do you know that?”..." Via Jack M. Balkin
Emily Belz in World Magazine; In his convention acceptance speech, President Obama asks for a second term while telling voters change is slow
Thomas Sowell; 'Bait and Switch' Taxes "According to the Internal Revenue Service, there are more than 2,700,000 people who earn $250,000 a year or more -- and fewer than one-tenth of them earn a million dollars or more. So more than nine-tenths of the people who would be hit with the higher taxes supposedly aimed at "millionaires and billionaires" are neither."
This video is from the Daily Caller:
Thomas Sowell; 'Bait and Switch' Taxes "According to the Internal Revenue Service, there are more than 2,700,000 people who earn $250,000 a year or more -- and fewer than one-tenth of them earn a million dollars or more. So more than nine-tenths of the people who would be hit with the higher taxes supposedly aimed at "millionaires and billionaires" are neither."
This video is from the Daily Caller:
Wall Street Journal; What Obama's critique of Ryan tells us about Obama's budget plans. "Think about his logic like this: Mr. Ryan's House budget details a long-range plan to equalize spending and tax revenues without—ahem—raising tax rates. But if such fiscal restraint is as deep and draconian as Mr. Obama claims, then as a matter of arithmetic the White House must favor a tax increase of an equal size, or something close to it, in order to pay for the amount of government he wants to sustain."
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