Tag Archives: unemployment

Another dismal jobs report.

Another dismal jobs report.

Job growth amounted to a disappointing 80,000, below analyst expectations of 90-100K, while the jobless rate remained the same at 8.2%:

Read the whole article. There’s a lot more, all of its depressing and trending downward.

While no President should be blamed entirely for the unemployment numbers, the policies of any President do have a direct influence on those numbers, and should bear some responsibility, especially in this era where we have ceded so much power to the federal government. Consider this graph (below the fold), which shows the “total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.” The steep upward swing, beginning in 2008, sadly corresponds too closely with the beginnings of the Obama administration. And it is with this administration that we have seen the worst deficits, the most regulation, and the biggest increase in the power of government in our lifetimes. It is thus no surprise the economy has crumbled.
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New York City business owners sick over ObamaCare

New York City business owners are sick over Obamacare.

Small to mid-size businesses, which generate close to 70 percent of US jobs, fear ObamaCare could bury them in colossal bills and future paperwork, and are now paying the price as premiums have soared in anticipation of the new regulation. “ObamaCare has been very negative for our business,” Moishe Heimowitz, principal at First Medcare, a 50-employee medical practice based in Canarsie, told The Post. “The high costs of ObamaCare and our present health-care costs have impeded our efforts to hire more people.” [emphasis mine]

Obamacare has done nothing it promised. Why don’t we just bite the bullet, show some courage, and repeal the damn thing before it does more harm?