The unemployment rate ticked up in January to 7.9%. During the last quarter of 2012, the “U.S. economy shrank for the first time in more than three years.” In just a matter of days, the sequester will kick in, enforcing across-the-board spending cuts.
We’ve got serious problems in this country. Not only is the economy barely limping along, possibly headed towards a double-dip recession, but there are warning signs across the globe: from North Korea’s nuclear and missile launch tests, to Iran’s drive for nuclear weapons and atrocities in Syria that threaten to spill over into neighboring countries, danger lurks in many places.
Not surprisingly, the Financial Times is reporting that “The US was more reliant on the Middle East for its oil imports last year.”
Politicians, from President Barack Obama on down, talk a great deal about energy independence, but there’s only one man who stands in the way of easing our overreliance on oil from countries who are ruled by despots and don’t like us very much. His name is Barack Obama.
With the stroke of a pen, Obama could green-light the Keystone XL pipeline. But, he hasn’t. After punting on the decision in November 2011, he ultimately decided against it in January 2012.
Are you ready for some football!? The NFL season kicks off tonight on NBC with the defending Super Bowl champs, the Green Bay Packers, hosting the previous years’ Super Bowl champs, the New Orleans Saints. But while you’re settling in to enjoy pre-game festivities, eat hot wings, drink beer and celebrate the fact that there is even an NFL season to begin with, you’re going to be interrupted by President Barack Obama.
Shot: July 1, 2010: Nancy Pelosi Unemployment Benefits “Biggest Stimulus”
Pelosi: “Let me say about unemployment insurance, we talk about it as a safety net and all that. One of the biggest stimulus’ to our economy, economists will tell you, this money is spent quickly, it injects demand into the economy and is job creating. It creates jobs faster than any other initiative you can name because again it is money that is needed for families to survive and it is spent so it has a double benefit. It helps those who lost there jobs but it is also a job creator…”
Chaser: August 5, 2011: Barack Obama Unemployment Benefits “Create Jobs Right Now”
It was a busy day yesterday, so I didn’t get around to pointing out something that struck me as rather funny. With unemployment still at 9.2% and likely to increase in the coming months with an economy that has slowed to near-double-dip recession levels, President Obama and his fellow Democrats are talking about pivoting to job creation.
August 2, 2011: “OBAMA AND SENATE DEMS PLAN PIVOT TO JOBS: Senate Democrats hope they now have ‘checked the box’ on debt reduction and can move to an agenda focused on job creation and economic growth, through a combination of spending and tax cuts.” (Mike Allen, “DEMS PLAN PIVOT TO JOBS: Transportation, Infrastructure, Tax Breaks On Fall Agenda,” Politico’s “Playbook”, 8/2/11)
Today, the U.S. Deptartment of Labor reported the unemployment rate climbed again to 9.2%, setting a record post World War II record of 29 straight months of unemployment above 8%. Back in March 2010, Nancy Pelosi sold ObamaCare as a "jobs bill", stating "this bill is not only about the health security of America it's about jobs. In its life it will create 4 million jobs, 400,000 jobs almost immediately. Jobs again in the healthcare industry, but also in the entrepreneurial world as well." Nearly a year and a half has passed since Democrats rammed ObamaCare through. Where are those jobs?
You know, it shouldn’t surprise me anymore that President Obama’s Administration will sacrifice anything to impose its liberal agenda, even American jobs, but I’m still always dumbfounded by it. It happened to me again today. The New York Times is reporting the Environmental Protection Agency (EPA) implemented “new standards for coal-burning power plants in 28 states that would sharply cut smokestack emissions that have polluted forests, farms, lakes and streams across the eastern United States for decades.”
The “new” EPA regulations though will do much more than “cut smokestack emissions”, as many existing coal plants will be forced to close and expensive upgrades will be required to keep others online.
The Great Recession has taken its toll on the country. Unemployment remains at 9.1% nationally. 7.51 million Americans remained on emergency unemployment benefits in June. That doesn’t even include those who have run out of benefits and now sit idly on the sidelines. Nor do any of these figures account for the millions of underemployed.
Yet, despite these horrific numbers, some states have fared better than others. A handful of states have managed quite well in fact, given the circumstances. One, Texas, has weathered the recession as one of the fastest growing states due in part to an economy that is well diversified.
The month of June came to an end yesterday, but the nightmare for millions of unemployed Americans continues. The reports out on jobless claims extending its streak of 12 straight weeks above 400,000 paints only the edges of the larger picture. The unemployment portrait finds more than 7.5 million people claiming unemployment benefits. This figure does not include those who have long since seen their benefits dry up.
“The number of people on emergency unemployment benefits climbed 1,471 to 3.30 million in the week ended June 11, the latest week for which data is available. A total of 7.51 million people were claiming unemployment benefits during that period under all programs, down 30,701 from the prior week.” (“Jobs Picture Remains Ugly As Claims Still High,” Reuters, 6/30/11)
Yesterday, The Hill reported Big Labor is poised to spend in excess of $100 million to save the jobs of incumbent Democrats.
“At Least Two Influential Unions Will Spend Close To $100 Million On The 2010 Election, With Most Of Those Funds Going To Protect Incumbents.” (Kevin Bogardus and Sean J. Miller, “Unions To Spend $100M In 2010 Campaign To Save Dem Majorities,” The Hill, 5/21/10)
“The American Federation Of State, County And Municipal Employees (AFSCME) Plans To Spend In Excess Of $50 Million During The 2010 Campaign…” (Kevin Bogardus and Sean J. Miller, “Unions To Spend $100M In 2010 Campaign To Save Dem Majorities,” The Hill, 5/21/10)