Tag Archives: jobs

A survey of 400 chief financial officers finds that nearly half plan to cut back on employment because of Obamacare.

A survey of 400 chief financial officers finds that nearly half plan to cut back on employment because of Obamacare.

And there’s also this:

Besides altering the makeup of their workforces, companies said they also plan to change the health benefit packages offered to employees. “Two-thirds of companies will change health benefits in response to ACA,” reads the Fuqua/CFO Magazine report summary. Forty-four percent of CFOs said they are considering reducing health benefits for employees. Thirty-eight percent said that employees and retirees may be forced to contribute more to their health plans.

“The inadequacies of the ACA website have grabbed a lot of attention, even though many of those issues have been or can be fixed,” said John Graham, Duke Fuqua School of Business finance professor and director of the survey, in a press release. “Our survey points to a more detrimental and potentially long-lasting problem. An unintended consequence of the Affordable Care Act will be a reduction in full-time employment growth in the United States,” the study says. [emphasis mine]

So, tell me again why the Republicans in Congress should not challenge the Democrats over Obamacare?

The Obama administration spent $10 billion dollars to create 355 renewable energy jobs, according to testimony to Congress on Tuesday.

Your tax dollars at work: The Obama administration spent $10 billion dollars to create 355 renewable energy jobs, according to testimony to Congress on Tuesday.

Thank you Obama. That’s $28.17 million spent per job created.

Not good: The Labor Department announced today that the U.S. economy only added 69 thousand jobs in May, the fewest in a year.

Not good: The Labor Department announced today that the U.S. economy only added 69,000 jobs in May, the fewest in a year.

The unemployment rate went up slightly as well, Labor also adjusted downward the number of jobs created in the past two months to terribly comparable numbers.

While no president is ever entirely responsible for the state of the economy, Barack Obama’s policies have certainly done significant harm. High regulation, Obamacare, and a clear hostility to private enterprise in all fields except space exploration has helped produce what appears to be the longest period with a floundering economy in my lifetime.

The spaceship companies in Mohave are hiring

Want a job building spaceships? The spaceship companies in Mohave are hiring.

There are several hundred open positions in Mojave as companies such as the Spaceship Company, XCOR and Scaled Composites begin to ramp up operations. “It’s ironic that we’re having a recruitment problem in Mojave,” said Stu Witt, CEO and general manager of the Mojave Air and Space Port. He added that this is a good problem to have.

“I like being able to fire people who provide services to me.”

“I like being able to fire people who provide services to me.”

This statement was made by Mitt Romney yesterday, explaining how it is a good thing to be able to chose the company from which you buy your insurance, or any product, and how it is even a better thing to be able to dump that company if it doesn’t do its job well.

The author of the article above, along probably with much of the press, will try to stain Romney for this statement. To me, it is the best recommendation to hire him as President. With the federal government out of control, in debt, and unable to do anything it promises, it really is time to fire a lot of people. I hope Romney, if he turns out to be the candidate and wins the Presidency, has the courage to do it.

The job boom for government regulators under Obama

The chart of the day, from John Merlune at Investor’s Business Daily:

Boom in jobs for regulators

Merlune’s article outlines in frightening detail how there has been a job boom in only one place during the Obama administration, the government regulatory industry.

Regulatory agencies have seen their combined budgets grow a healthy 16% since 2008, topping $54 billion, according to the annual “Regulator’s Budget,” compiled by George Washington University and Washington University in St. Louis. That’s at a time when the overall economy grew a paltry 5%.

Meanwhile, employment at these agencies has climbed 13% since Obama took office to more than 281,000, while private-sector jobs shrank by 5.6%.