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Obama’s “Insourcing” Agenda: Punishing Job Creators for Competing Overseas
"Last week, President Obama said he would soon propose a set of policies that would eliminate tax breaks for businesses that move jobs overseas and reward businesses that bring jobs to the U.S. as part of his new “insourcing” agenda."
1/18/2012 7:52 PM
Permalink ID:23495
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'Bloated' Federal Workforce Rises 12% as Rest of US Goes Jobless
"Civilian unemployment has mushroomed, sticking above 9 percent for months, although many experts put the real figure in the 18-20 percent range. Meanwhile, the number of federal employees has grown 12 percent since the official start of the recession in December 2007, MSNBC reports, citing data from the Bureau of Labor Statistics."
11/4/2011 11:33 PM
Permalink ID:23485
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11/4/2011 11:20 PM
Permalink ID:23480
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New Obama metric: “Jobs supported”
"To start the process of estimating educator jobs at risk, the Administration refers to a June, 2011 paper by the Center on Budget and Policy Priorities (a left-of-center think tank). This paper quantifies recent and projected shortfalls in state budgets."
"The Administration then makes various assumptions about how the projected shortfalls would be filled. In effect, they assume first that shortfalls would be filled by a combination of tax increases and spending reductions, and then that spending cuts would be applied proportionally across all categories including education. As the Administration materials state, “These spending reduction numbers were then converted into estimates of educator jobs at risk based on estimates of average teacher compensation by state. These calculations implied that, if spending reductions had their full negative impact on education staffing, up to 280,000 educator jobs across the country would be at risk in the 2011-2012 school year.”
"The Administration then points to $30 billion in spending contained in the proposed American Jobs Act. The purpose of this spending, as specified in the bill text, is to “prevent teacher layoffs and support the creation of additional jobs in public early childhood, elementary, and secondary education in the 2011-12 and 2012-13 school years.”
10/13/2011 11:14 PM
Permalink ID:23468
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Economy added 103,000 jobs in September
"The unemployment rate stayed at 9.1 percent."
10/7/2011 8:26 AM
Permalink ID:23445
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Dems seek millionaire tax to fund jobs bill
“Drawing the line at a million dollars is the right thing to do. In the eyes of many, it is hard to ask more of households that make $250,000 or $300,000 a year. They are not rich,” Sen. Charles Schumer (N.Y.), chairman of the Democratic Policy Committee, said in a press conference.
Schumer and other Democrats in the chamber jettisoned Obama’s plan to pay for a $447 billion jobs package by limiting tax deductions for families earning more than $250,000 and eliminating tax breaks for oil-and-gas companies.
10/6/2011 10:14 PM
Permalink ID:23434
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10/6/2011 10:07 PM
Permalink ID:23430
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10/6/2011 9:50 PM
Permalink ID:23425
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10/4/2011 9:24 PM
Permalink ID:23414
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Senate Democrats buck Obama on jobs proposal by changing 'pay-fors'
"Senate Majority Leader Harry Reid (Nev.) on Tuesday further distanced his Democratic Conference from President Obama by nixing a major component of the White House’s jobs plan."
10/4/2011 9:16 PM
Permalink ID:23412
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Would Another Repatriation Tax Holiday Create Jobs?
"U.S. companies that own foreign subsidiaries pay taxes abroad—and they often pay taxes again when the companies bring the earnings home—known as repatriation. This double taxation naturally hurts competitiveness at home and abroad, and encourages U.S. companies to leave these earnings abroad. A proposal to reduce the U.S. tax on profits previously earned—a repatriation tax holiday—is gaining momentum in Congress. This sequel to a similar 2004 holiday would, like its predecessor, have a minuscule effect on domestic investment and thus have a minuscule effect on the U.S. economy and job creation. Heritage Foundation tax policy experts J.D. Foster and Curtis Dubay explain why this tax cut would not be a step toward the sound policy of territoriality, and suggest a more useful step toward territoriality and fundamental reform that would strengthen U.S. competitiveness at home and abroad."
10/4/2011 9:09 PM
Permalink ID:23411
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As Obama presses passage of his jobs bill, Congress shrugs
"Republicans don't like its proposed tax increases. Some Democrats are reluctant to endorse another cut in Social Security taxes; others are wary of oil and gas tax hikes. And Obama's low approval ratings, the most dismal of his presidency, are making it hard for him to build any momentum."
10/2/2011 6:42 PM
Permalink ID:23387
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$200K Per Job? Timothy Geithner Says White House Jobs Plan Is Still a Bargain
"Treasury Secretary Timothy Geithner didn't dispute a Harvard economist's estimate that each job in the White House's jobs plan would cost $200,000, but said the pricetag is the wrong way to measure the bill's worth."
9/26/2011 7:01 PM
Permalink ID:23308
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9/22/2011 11:33 PM
Permalink ID:23282
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9/21/2011 10:26 PM
Permalink ID:23270
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Harry Reid: Obama’s Jobs Bill ‘Pretty Well Jammed’ in the Dem-Controlled Senate
"Senate Majority Leader Harry Reid, D-Nev., admitted Monday that the Senate floor was “pretty well jammed now,” suggesting that there may not be time to move on the bill until next month. The Senate has been working through the Trade Adjustment Assistance this week, as well as the Continuing Resolution and FEMA funding. Next week, the Senate has a planned recess for the Jewish new Year Rosh Hashanah. Reid has indicated the first item up after that is Chinese currency."
9/21/2011 10:17 PM
Permalink ID:23267
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9/21/2011 10:10 PM
Permalink ID:23263
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CEO Tells Congress He Was Fined For Hiring Too Many People
"In my own business, securities regulations have prohibited me from hiring brokers for more than three years. I was even fined fifteen thousand dollar expressly for hiring too many brokers in 2008. In the process I incurred more than $500,000 in legal bills to mitigate a more severe regulatory outcome as a result of hiring too many workers. I have also been prohibited from opening up additional offices. I had a major expansion plan that would have resulted in my creating hundreds of additional jobs. Regulations have forced me to put those jobs on hold."
9/21/2011 9:56 PM
Permalink ID:23256
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9/21/2011 9:50 PM
Permalink ID:23254
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Congressional Progressive Caucus Pushes Communist Inspired “Jobs” Scam
"This is basically a new version of the Communist controlled Works Progress Administration of the 1930s.
This scam is designed to funnel billions of dollars into leftist controlled organizations, which will then agitate for still more government handouts and socialism. It will also provide the Democrats with hundreds of thousands of voters and campaigners dependent on the government for their livelihood."
9/20/2011 10:11 PM
Permalink ID:23253
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Don’t Worry: After the Next Election There Won’t Be Any Moderate Senate Democrats
"Do you know who is blocking the President’s bold tax plan? The one that will rescue our nation from financial ruin? The plan that will create eight million new high-paying green jobs by a week from Friday and scratch the chin of every single homeless kitten in the whole entire world? Who stands in Obama’s way? The Tea Party, that’s who!"
9/20/2011 9:52 PM
Permalink ID:23247
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9/20/2011 9:51 PM
Permalink ID:23246
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Solyndra scandal unraveling Obama's credibility
"Documents made public Wednesday by the House Energy and Commerce Committee show why: An Energy Department analysis of Solyndra's business model performed two years ago predicted that the firm would run out of money in September 2011. But that fact was ignored by the president and his political advisers who wanted a "green jobs" photo op, no matter the cost. The result was, as an Energy Department analyst said in another email, "given the time pressure we are under to sign-off on Solyndra, we don't have time to change the model."
9/16/2011 8:43 AM
Permalink ID:23221
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There Goes the Youth Vote
"You have to hand it to the Obama administration when it comes to consistency: Its players are singularly skilled when it comes to refusing to learn from their own failures. No, I'm not talking about their cult-like belief in "green jobs" despite a mountain of evidence that those jobs only exist when taxpayers are forced to incinerate money to subsidize them. (Actually, that's an interesting thought: Could we end up generating more power for the nation if, instead of giving half a billion dollars to a solar panel company, we just burned five hundred million one dollar bills? But I digress…)."
9/16/2011 8:39 AM
Permalink ID:23220
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Obama green-tech program that backed Solyndra struggles to create jobs
"A $38.6 billion loan guarantee program that the Obama administration promised would create or save 65,000 jobs has created just a few thousand jobs two years after it began, government records show."
"The program — designed to jump-start the nation’s clean technology industry by giving energy companies access to low-cost, government-backed loans — has directly created 3,545 new, permanent jobs after giving out almost half the allocated amount, according to Energy Department tallies."
9/16/2011 8:34 AM
Permalink ID:23218
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King Obama: 'I'd Like to Work My Way Around Congress'
"Facing growing opposition to his economic proposals and dimming prospects that Congress will pass other parts of his agenda, President Obama told a Hispanic group in Washington Wednesday that when it comes to the issue of immigration, "I'd like to work my way around Congress."
9/16/2011 8:30 AM
Permalink ID:23217
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Applications for Unemployment Benefits Jump to Three Month High
"The Labor Department says weekly applications rose by 11,000 to a seasonally adjusted 428,000."
9/16/2011 8:26 AM
Permalink ID:23214
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Solar Bankruptcies Mean It’s Time to End Energy Subsidies, Not Increase Them
"Last week, Solyndra became the third solar company in recent weeks to go belly-up, but the Fremont-based solar manufacturer made the most noise—because it lost more than a half a billion dollars in taxpayer money. Solyndra received one of the first stimulus loan guarantees, a $535 million loan. During a visit to the plant last year, President Obama said, “Companies like Solyndra are leading the way toward a brighter and more prosperous future.” In 2010, Solyndra closed one of its facilities and canceled its initial public offering, and last week Solyndra filed for Chapter 11 bankruptcy and laid off all of its 1,100 workers."
9/15/2011 8:26 PM
Permalink ID:23208
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Obama’s ‘Jobs Bill’ Makes ACORN Eligible for $15 Billion in Taxpayer Money
"Now that public polling shows Americans are realizing that economic stimulus programs don’t work, the Obama administration is calling the latest round of futile stimulus a “jobs bill.” In a sense it really is a jobs bill: a jobs bill for Saul Alinsky-inspired community organizers."
9/15/2011 8:21 PM
Permalink ID:23205
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A Blue-State Bailout in Disguise
"Our new study shows that under the Obama jobs bill, debt-ridden states will get another big handout."
9/15/2011 8:18 PM
Permalink ID:23203
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Liberal Democrats announce jobs platform to the left of Obama’s
"While the progressive Democrats’ proposals focus on new spending, Obama’s jobs package includes mostly tax cuts, including an extension and expansion of the payroll tax cut introduced this year."
9/13/2011 7:47 PM
Permalink ID:23185
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Obamanomics: Government spending failed on jobs, so the president has shifted to Plan T: taxes
"When an angry Barack Obama repeatedly demanded at a joint session of Congress last week that lawmakers "pass this jobs bill," he knew their answer would be no. But at the time, no one outside the White House knew the game the president was playing."
"In one of the most deceitful ploys ever attempted against the American people, President Obama kept it to himself that he was planning a full-frontal assault on tax deductions to "pay for" nearly $450 billion in new stimulus."
9/13/2011 7:44 PM
Permalink ID:23184
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Obama Bill Would Restrict Use of Tax-Exempt Interest
"The $447 billion American Jobs Act of 2011 that President Obama sent Congress late Monday would bar wealthy investors from using tax-exempt bond interest and other tax exclusions, expenditures and deductions to reduce their income tax rates below 28% — a proposal that would have significant adverse impacts on the municipal bond market."
9/13/2011 6:10 PM
Permalink ID:23179
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U.S. Census Data Shows Rising Poverty
"Data released by the Census Bureau today showed the proportion of people living in poverty climbed to 15.1 percent last year from 14.3 percent in 2009, and median household income declined 2.3 percent. The number of Americans living in poverty was the highest in the 52 years since the U.S. Census Bureau began gathering that statistic. Those figures may have worsened in recent months as the economy weakened."
9/13/2011 5:51 PM
Permalink ID:23176
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Number of poor hit record 46 million in 2010
"That marked a 0.8 percent increase from 2009, when there were 43.6 million Americans living in poverty.
The number of poor Americans in 2010 was the largest in the 52 years that the Census Bureau has been publishing poverty estimates, the report said, while the poverty rate was the highest since 1993."
9/13/2011 5:48 PM
Permalink ID:23175
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Democrats Fret Aloud Over Obama’s Chances
"Elected officials and party leaders at all levels said their worries have intensified as the economy has displayed new signs of weakness. They said the likelihood of a highly competitive 2012 race is increasing as the Republican field, once dismissed by many Democrats as too inexperienced and conservative to pose a serious threat, has started narrowing to two leading candidates, Mitt Romney and Rick Perry, who have executive experience and messages built around job creation."
9/11/2011 1:34 PM
Permalink ID:23171
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Democrats: Illinois would receive millions under Obama plan
"The Senate Democratic Steering and Outreach Committee released an analysis saying Obama’s American Jobs Act would invest $4.5 million in Illinois transit and building projects and provide money for teachers, police and firefighters — saving or creating up to 50,000 jobs. It also said 260,000 Illinois businesses would receive a payroll tax cut, while cuts to workers’ payroll taxes would save a typical Illinois household about $1,640."
9/11/2011 1:32 PM
Permalink ID:23170
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9/11/2011 1:23 PM
Permalink ID:23166
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9/10/2011 9:46 PM
Permalink ID:23149
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Here is a list of Obama’s key proposals and the Republican support they have drawn in the past
"Indeed, most of the proposals have drawn support from some Republicans and a few were even hatched by them. But the proposals have never been combined in one package in an effort to jumpstart a weakening economy and Republicans have asked the president to keep them separate when he sends a legislative text to them next week.."
9/10/2011 9:35 PM
Permalink ID:23145
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9/10/2011 12:10 AM
Permalink ID:23142
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9/10/2011 12:09 AM
Permalink ID:23141
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9/10/2011 12:07 AM
Permalink ID:23140
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