Keyword: jobs

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  • Jobs Outlook Even More Dismal for the Young

    02/10/2014 12:46:54 PM PST · by SoFloFreeper · 30 replies
    Fox Business ^ | 2/7/14 | Kate Rogers
    While Friday’s jobs report was certainly dismal with employers only adding 113,000 jobs in January, the hiring picture for teens is also looking bleak. January’s report saw unemployment among young workers ages 20 to 24 years-old at 11.9%, compared to the national unemployment rate of 6.6%, according to the Department of Labor. Corie Whalen, spokesperson for Generation Opportunity, an advocacy group for economic opportunity among young adults, says government regulation is the main obstacle this age group faces when it comes to finding a job. The group says 18 to 29 years olds face an unemployment rate of 11.3%, close...
  • Lawmakers Poised To Continue Corporate Welfare Fund

    02/10/2014 11:31:07 AM PST · by MichCapCon
    Capitol Confidential ^ | 2/8/2014 | Jack Spencer
    The state Legislature is considering giving more funding to a program that only delivers 19 percent of the jobs it claims to have created. Legislation is on the House floor that would increase the 21st Century Jobs Fund, a corporate welfare program created under former Gov. Jennifer Granholm. Many House Republicans and Democrats oppose the seven-bill package, or aspects of it. Getting enough votes to pass the bills and send them to the Senate could be tough, but the thread of opposition preventing that from happening could soon prove very thin. If the legislation reaches the Senate, passage seems highly...
  • It Sucks to Be an American: Welcome to the New Normal, comrades.

    02/10/2014 9:12:21 AM PST · by SeekAndFind · 13 replies
    Pajamas Media ^ | 02/10/2014 | Stephen Green
    As someone who came of age during the Go-Go Eighties and the Even Go-Go-er Nineties, I could never have imagined myself writing “It sucks to be an American.” That’s the kind of thing progressives say, or at least think very loudly — but it certainly isn’t the kind of thing to ever enter the mind of a liberty-loving conservative or libertarian. But the news allows — the numbers allow — no other conclusion, so now it must be said.It sucks to be an American. Let’s start with the record numbers of Americans who have decided it sucks so badly...
  • Cruz looks beyond Keystone XL

    02/10/2014 8:55:45 AM PST · by Cincinatus' Wife · 2 replies
    The Hill ^ | February 10, 2014 | Laura Barron-Lopez
    Sen. Ted Cruz (R-Tex.) is shifting his focus to the nation's energy policy, starting on Monday. At the Heritage Action for America's Conservative Policy Summit in Washington, D.C., on Monday, Cruz will make the case that while President Obama should approve the Keystone XL pipeline, Republicans need to come up with other ideas to expand the country's energy production. Aides to the Cruz told The Washington Post that the senator is drafting a bill called the American Energy Renaissance Act, which he will announce at the event on Monday. "There is only one thing that will stop us from embracing...
  • Meet the 99.999999 Percent: They’re worried about jobs and growth, not inequality.

    02/10/2014 8:46:06 AM PST · by SeekAndFind · 1 replies
    National Review ^ | 02/10/2014 | James Pethokoukis
    Forget about the 1 percent versus the 99 percent. It’s really more like the 0.000001 percent versus everybody else. A tiny group — mostly comprising the Obama White House, a bunch of Washington Democrats, progressive economists, and the media elite — continues to fixate on income inequality as America’s greatest challenge. Most everybody else, the 99.999999 percent, sees things differently. Surveys continue to show Americans most worried about jobs and economic growth, not the income gap between the top and bottom. It’s a rational view given new employment data from the government. The January jobs report showed only 113,000 net...
  • Obama Identifies, Targets Newest Enemy of the People

    02/10/2014 4:12:43 AM PST · by Kaslin · 10 replies ^ | February 10, 2014 | John Ransom
    From a solely material perspective, which is the only perspective that the government ought to consider, there is nothing wrong in our body politic that can’t be made at least a little better with more jobs. But of course, as we learned last week, the Obama administration, Harry Reid and the rest of the secular rabble known as the progressive left don't want more jobs. For them jobs are a nuisance, jobs are a hindrance, jobs are the enemy. “The Congressional Budget Office (CBO) on Tuesday said that the Affordable Care Act will contribute to the equivalent of 2 million...
  • Politico Asks: 'Why Do Republicans Want Us To Work All The Time?'

    02/09/2014 11:23:40 AM PST · by lowbridge · 54 replies ^ | february 9, 2014 | mike miller
    Politico wonders why the GOP wants Americans to work “all the time,” using the recent CBO projection that ObamaCare will reduce the workforce by 2.5 million over the next 10 years as a springboard. The article’s author, university professorBenjamin Kline Hunnicut, wrote that Republican reaction to the CBO projection was predictable: “Pundits filled the airwaves, Cassandra-like, to paint ObamaCare as the ultimate job killer. Never mind that, reading the fine print, it’s clear the CBO was talking about workers voluntarily reducing their hours in response to the law—not getting laid off or seeing their shifts scaled back.” Hunnicut then asked: “Anyway, isn’t...
  • Gas field politics affect leadership in Western Pa. communities [oust those opposed to drilling]

    02/09/2014 4:53:37 AM PST · by Cincinatus' Wife · 34 replies
    Pittsburg Tribune-Review ^ | February 9, 2014 | Timothy Puko
    Rodger Kendall says he never wanted to enter politics, but when he did, he waded into one of the biggest political conflicts in Pennsylvania. Kendall became a supervisor in Robinson, Washington County, in January, less than three weeks since it won a landmark state Supreme Court ruling overturning part of new laws aimed at eliminating local obstacles to shale drilling. Despite the win, he used his first night in office, Jan. 6, to lead a vote to remove Robinson from the case. Then he made his first official call as a township supervisor to Range Resources Corp. In one election,...
  • Democrat Logic: Lose Your Job and Feel Liberated

    02/08/2014 8:14:59 PM PST · by SeekAndFind · 21 replies
    American Thinker ^ | 02/08/2014 | Brian C Joondeph, MD
    This week, a report from the Congressional Budget Office acknowledged that ObamaCare would reduce full-time employment by 2.5 million over the next ten years. And that is on top of news that 92 million Americans who could be working are not. What a devastating assessment for the unemployed or underemployed, particular millenials seeking to transition from internships and part-time jobs to career-building full-time jobs. Yet the predictable spin from the White House and major media outlets is that this is good news, liberating workers from the chains of employment. To quote President Obama, from the 2008 campaign, "You can put...
  • Memo to GOP: Become the Workers’ Party-Republicans should seize the opportunity to set a jobs agenda

    02/07/2014 4:11:42 PM PST · by 2ndDivisionVet · 10 replies
    The National Review ^ | February 7, 2014 | Mona Charen
    The Obama administration’s response to the Congressional Budget Office’s prediction that Obamacare will cause 2.5 million fewer Americans to work in the coming years is an opportunity for Republicans to seize the moral high ground on the issue of work. Rather than dispute the CBO’s analysis — which would have been awkward, as the White House has touted CBO’s predictions in the past — the administration is spinning the jobs loss as a kind of liberation. No longer tied down to the pesky need to earn a salary, some Americans will be able to follow their bliss. This is part...
  • It's 'Disturbing' How Fast The Unemployment Rate Is Falling

    02/07/2014 12:07:28 PM PST · by blam · 60 replies
    BI ^ | 2-7-2014 | Rob Wile
    It's 'Disturbing' How Fast The Unemployment Rate Is Falling Rob WileFeb. 7, 2014, 10:50 AM Yikes. The unemployment rate is falling really fast. This morning, we learned it had declined to 6.6% — the 23rd-straight month without an increase. As Brooking's and UMichigan's Justin Wolfers observes, the rate has dropped 1.3% over the past year — an insane acceleration from 2012's decline of just 0.3%. "Only three other times in the past six decades has the unemployment rate fallen this far this fast: in the early 1950s, when growth averaged 6.7% per annum; in the late 1970s when GDP growth...
  • What this jobs report means for Dems and midterm elections

    02/07/2014 10:42:51 AM PST · by Rusty0604 · 12 replies
    CNBC ^ | 02/07/2014 | Ben White
    The soft January employment report showing a gain of just 113,000 jobs suggests that what Democrats hoped would be a big advantage in the midterm elections this fall—a rapidly strengthening economy—may not materialize. Not even an economy creating hundreds of thousands of jobs a month would likely be enough to help take the House back for Democrats. But the party was hoping that an improved employment situation and faster growth would convince swing voters not to toss out vulnerable Democratic incumbents in Louisiana, Alaska and North Carolina or flip open seats including Montana, West Virginia and South Dakota to the...
  • Ignore the Unemployment Rate (One of the most misleading numbers shaping our economy)

    02/07/2014 8:57:58 AM PST · by SeekAndFind · 47 replies
    Wall Street Journal ^ | 02/07/2014 | By Zachary Karabell
    The unemployment rate is one of the most consequential numbers shaping our body politic. Unfortunately, it is also one of the most misleading. Today at 8:30 a.m., the U.S. Bureau of Labor Statistics released its monthly employment report, as it does at the start of every month. As usual, the announcement was widely covered in the financial and mainstream media—a convenient hook for commentary about the state of the economy, the arc of the recovery and the future of the U.S. The unemployment rate was a central factor in the 2012 presidential election, with President Barack Obama seemingly defying a...
  • Wall Street Jumps After Jobs Data Spark Fed Optimism

    02/07/2014 7:15:24 AM PST · by mykroar · 7 replies ^ | 2/7/14 | Adam Samson
    <p>U.S. equity markets zipped higher Friday after a round of weak jobs data inspired hopes the Fed may take more time to boost rates and cut its bond-purchasing program.</p> <p>As of 9:32 a.m. ET, the Dow Jones Industrial Average rose 53.3 points, or 0.35%, to 15675, the S&P 500 gained 8.5 points, or 0.48%, to 1783 and the Nasdaq Composite advanced 28.4 points, or 0.69%, to 4084.</p>
  • Two Dismal Months in a Row: Just 113,000 Jobs Added in January (Not much better than December.)

    02/07/2014 7:08:34 AM PST · by SeekAndFind · 8 replies
    National Review ^ | 02/07/2014 | By Patrick Brennan
    After a very weak jobs report in December, the U.S. labor market didn’t do much better in January: It added just 113,000 jobs on a seasonally adjusted basis, noticeably less than the 170–180,000 forecast. These numbers can be highly volatile and often get revised, but December’s extremely poor showing (74,000 jobs) was barely updated (does 75,000 jobs make you feel better?). At the time, it was attributed to the weather, which can especially impact construction employment, and there seems to have been some case for that, because construction employment did rebound this month by 48,000 jobs. But even taking that...
  • Freedom for the Job-Locked: Democrats' desperate defense of Obamacare-induced unemployment

    02/07/2014 7:06:04 AM PST · by SeekAndFind · 10 replies
    National Review ^ | 02/06/2014 | Jonah Goldberg
    It’s only February, but it’s already my favorite word — or phrase, I guess — of the year. (Who knows, by December it may be shortened to “joblock.”) It’s not euphonious or edgy, but it does offer insight into the unreality of the Democrats’ predicament. The Congressional Budget Office issued a politically explosive report this week, finding that Obamacare will reduce the number of hours Americans work by the equivalent of 2.5 million full-time jobs. This is different from killing 2.5 million jobs, Obamacare defenders are quick to insist. This will be a shortfall on the demand, not supply, side....
  • 2014 January Job Cut Report: Planned Cuts Surge 50 Percent

    02/07/2014 5:56:59 AM PST · by KeyLargo · 19 replies
    Challenger Grey ^ | Feb 5, 2014
    2014 January Job Cut Report: Planned Cuts Surge 50 Percent After falling to a 13-year low in December, monthly job cuts surged nearly 50 percent to kick off 2014, as U.S.-based employers announced plans to reduce their payrolls by 45,107 in January, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. The 45,107 job cuts last month were 47 percent higher than a December total of 30,623, which was the lowest one-month total since 17,241 planned layoffs were announced in June 2000. January job cuts were up 12 percent...
  • More Governments Aim to Ban Plastic Bags

    02/06/2014 1:19:04 PM PST · by ThethoughtsofGreg · 35 replies
    American Legislator ^ | 2-6-14 | John Eick
    Think you’re green? Not unless you ban or tax the common plastic bag that consumers use every day to carry their groceries, among other things. From California to Rhode Island, municipalities are considering – or have enacted – plastic bag bans or fees on consumers at the register when making a purchase. Reasons given for such restrictions to consumer choice are plenty, but the most common is that plastic bags are not recyclable (patently false), they take an excessive amount of natural resources and energy to manufacture (not true compared to alternatives) and they are the main culprit contributing to...
  • More Men in Prime Working Ages Don't Have Jobs

    02/06/2014 10:47:06 AM PST · by reaganaut1 · 66 replies
    Wall Street Journal ^ | February 5, 2014 | MARK PETERS and DAVID WESSEL
    ... More than one in six men ages 25 to 54, prime working years, don't have jobs—a total of 10.4 million. Some are looking for jobs; many aren't. Some had jobs that went overseas or were lost to technology. Some refuse to uproot for work because they are tied down by family needs or tethered to homes worth less than the mortgage. Some rely on government benefits. Others depend on working spouses. Having so many men out of work is partly a symptom of a U.S. economy slow to recover from the worst recession in 75 years. It is also...
  • Fry Cook Shifted to Part-Time Work Confronts Obama

    02/04/2014 10:18:26 AM PST · by Red Badger · 83 replies ^ | February 4, 2014 11:45 AM | By Andrew Johnson
    During a Google Hangout session on Friday, fry cook Darnell Summers told President Obama that his hours were cut due to the Affordable Care Act. “We were broken down to part time to avoid paying health insurance,” he said. Summers explained that he makes $7.25 an hour and has been on strike four times seeking a wage increase. “We can’t survive, it’s not livin’,” he said. The president responded by urging states to increase the minimum wage. “I am working to encourage states, governors, mayors, state legislators to raise their own minimum wage,” Obama said. “Obviously, the way to reach...
  • White House: It's A Good Thing That Obamacare Will Drive 2.5 Million Americans Out Of The Workforce

    02/05/2014 12:20:08 PM PST · by Responsibility2nd · 48 replies
    Yahoo/Forbes ^ | 05/05/2014 | Avik Roy,
    Yesterday, Washington’s official non-partisan bean-counter, the Congressional Budget Office, dropped a bomb. By 2024, says the CBO, Obamacare will reduce the size of the U.S. labor force by 2.5 million full-time-equivalent workers. That’s roughly triple what the CBO had estimated three years ago. Such a sizeable decline in the labor force will have substantial detrimental effects on the U.S. economic and fiscal picture. But the CBO wasn’t responsible for the most amazing thing that happened yesterday. That title belongs to the Obama White House, where Press Secretary Jay Carney claimed that 2.5 million Americans leaving the workforce was a good...
  • Fact check: Anti-Obamacare chorus is off key

    02/06/2014 2:15:32 AM PST · by Olog-hai · 39 replies
    Associated Press ^ | Feb 6, 2014 3:12 AM EST | Calvin Woodward
    New estimates that President Barack Obama’s health care law will encourage millions of Americans to leave the workforce or reduce their work hours have touched off an I-told-you-so chorus from Republicans, who’ve claimed all along that the law will kill jobs. But some aren’t telling it straight. […] In a key point overlooked in the GOP response, the report says, “The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor.” In other words, workers aren’t being laid off. They...
  • Putting the middle class in an even deeper hole

    02/06/2014 5:32:23 AM PST · by Cincinatus' Wife · 12 replies
    Pittsburgh Tribune-Review ^ | February 4, 2014 | Stephen Moore
    The great Obama contradiction on the economy is this: he takes credit for the improved economy, but openly admits that in this recovery almost all of the gains have gone to the very rich. Here is the disturbing passage from Obama's State of the Union speech that I refer to: “What I believe unites the people of this nation ... is the notion that if you work hard and take responsibility, you can get ahead. “That belief has suffered some serious blows. ... Today, after four years of economic growth, corporate profits and stock prices have rarely been higher, and...
  • The Left's Lamest Defense Of ObamaCare Yet

    02/06/2014 5:16:01 AM PST · by IBD editorial writer · 20 replies
    Investor's Business Daily ^ | 02/05/2014 | IBD Staff
    obs: ObamaCare backers are working hard to put a happy face on news the Affordable Care Act will cause the labor force to shrink by 2.5 million full-time jobs over the next decade. What they've come up with isn't pretty. We don't expect much in the way of sound economic reasoning from liberals, but listening to their reaction to the latest findings on ObamaCare left us dumbstruck. To recap: The Congressional Budget Office determined that ObamaCare would discourage work, in large part because many middle-income families will find themselves in what amounts to a 50% marginal income tax bracket as...
  • Democrats new argument on Obamacare jobs decline: It reduces ‘job lock’

    02/05/2014 12:16:41 PM PST · by SeekAndFind · 33 replies
    Washington Post ^ | 02/05/2014 | Aaron Blake
    Democrats are increasingly employing a new tack in the battle over a projected reduction of two million jobs due to Obamacare, saying the decline is actually the result of people not being required to work anymore when they don't want to -- a concept labeled "job lock.""Yesterday, the CBO projected that by 2021 the Affordable Care Act will enable more than 2 million workers to escape 'job-lock' – the situation where workers remain tied to employers for access to health insurance benefits," House Minority Leader Nancy Pelosi's (D-Calif.) office said in a news release.The release continued: "In addition to being...
  • Why the new CBO report on Obamacare is good news

    02/05/2014 6:04:56 AM PST · by Sir Napsalot · 44 replies
    LA Times ^ | 2-4-2014 | Michael Hiltzik
    The Congressional Budget Office is out with its latest report on the Affordable Care Act, and here are a few bottom lines: — The ACA is cheaper than it expected. — It will "markedly increase" the number of Americans with health insurance. — The risk-adjustment provisions, which Congressional Republicans want to overturn as a "bailout" of the insurance industry, will actually turn a profit to the U.S. Treasury. Given all this, why are the first news headlines on the CBO report depicting it as calling Obamacare a job killer? (snip) ..... it's important to examine what the CBO actually says...
  • Freeing Workers From the Insurance Trap [NY Times: 2.5M Fewer Full Time Workers is a Good Thing]

    02/05/2014 5:39:11 AM PST · by SeekAndFind · 47 replies
    New York Slimes ^ | 02/05/2014 | The Editorial Board
    The Congressional Budget Office estimated on Tuesday that the Affordable Care Act will reduce the number of full-time workers by 2.5 million over the next decade. That is mostly a good thing, a liberating result of the law. Of course, Republicans immediately tried to brand the findings as “devastating” and stark evidence of President Obama’s health care reform as a failure and a job killer. It is no such thing. The report estimated that — thanks to an increase in insurance coverage under the act and the availability of subsidies to help pay the premiums — many workers who felt...
  • 'Mad Man' Sam Stein's Hilarious Response To Calamitous CBO/Obamacare Report

    02/05/2014 5:24:17 AM PST · by governsleastgovernsbest · 9 replies
    NewsBusters ^ | Mark Finkelstein
    Give Sam Stein credit for being an honest liberal. Confronted with the CBO's findings about the disastrous job-killing effects of Obamacare, Stein didn't try to spin the unspinnable. On today's Morning Joe, Donnie Deutsch invited Stein to play a game of Mad Men. Deutsch first sketched out a 30-second ad making the case against Obamacare--that contrary to what President Obama had said, you can't choose your provider and the program costs the country two million jobs. Deutsch then invited Stein to give the 30-second ad in response. Said Stein, much to the amusement of the panel: "The 30-second response is...
  • Thanks Obama! Care- Now with 25% Fewer Jobs!

    02/05/2014 5:23:35 AM PST · by Kaslin · 10 replies ^ | February 5, 2014 | John Ransom
    The Congressional Budget Office just confessed that the healthcare law passed by Democrats and only Democrats in 2010—you know the one that was supposed to save us so much money?-- is really a dud, a job killer, as we have said all along. And the consequences aren’t just that some guy you don’t know won’t have a job, the consequences are that guys you DO know won’t have jobs, and --in the best case—your tax bill will go up accordingly. The reform package, derisively known as Obamacare, is going to cost the country an additional 2 million jobs by 2017...
  • Remember when Nancy Pelosi promised ObamaCare would create 4 million jobs?

    02/05/2014 7:54:27 AM PST · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 02/04/2013 | IBD Staff
    Dept. Of Corrections: Leading Democrats said ObamaCare would create 4 million jobs by cutting health costs and unleashing entrepreneurs. Now we learn the promise was off by 6.5 million — in the wrong direction. Here's what Rep. Nancy Pelosi, the top Democratic in the House, had to say about ObamaCare in February 2010: "It will create 4 million jobs, 400,000 jobs almost immediately — jobs, again, in the health care industry but in the entrepreneurial world as well." Pelosi was citing a paper released a month earlier by the left-wing Center for American Progress, which claimed the law would lower...
  • Congressional Budget Office sends death blow to ObamaCare

    02/05/2014 5:23:24 AM PST · by 2ndDivisionVet · 25 replies
    The New York Post ^ | February 5, 2014 | John Podhoretz
    The Affordable Care Act, a k a ObamaCare, became law almost four years ago. It became operational last Oct. 1. Yesterday, Feb. 4, 2014, the ACA may well have been dealt its death blow. The Congressional Budget Office released a major study of the government’s budget and its effect on the overall economy over the next 10 years. In dull bureaucratic language, it delivers a devastating analysis of the inefficiencies, ineffectualities and problematic social costs of ObamaCare. The one-two punch: Virtually as many Americans will lack health coverage in 10 years as before the law was passed — but 2 million fewer...
  • New London Mayor Wants $10.10 Minimum Wage for City Workers [Connecticut Town w/SCOTUS Case]

    02/05/2014 2:17:41 AM PST · by SoFloFreeper · 13 replies
    During the State of the Union Address on Tuesday, President Barack Obama announced an executive order for federal contractors to pay employees at least $10.10 an hour. He also urged mayors, governors and state legislators to raise wages as well. On Friday, New London Mayor Daryl Justin Finizio announced that he has proposed a minimum wage ordinance. He wants to raise the city’s minimum wage for municipal employees and contractors to $10.10.   “I believe New London should answer President Obama’s call to action,” Mayor Daryl Justin Finizio said in a statement. 
  • Issa: There Will Be More Than 2.5 Million Jobs Lost Due to ObamaCare By the Next Election

    02/04/2014 7:17:57 PM PST · by Nachum · 21 replies
    Breitbart ^ | 2/4/14 | staff
    Tuesday on the Fox News Channel, Rep. Darrell Issa (R-CA) reacted to the the Congressional Budget Office’s (CBO) new report that the Affordable Care Act will reduce full-time employment by about 2.5 million jobs by 2024. Issa had an ominous warning that unfortunately more jobs will be lost before Republicans can hopefully take back the Senate in the mid-term elections and fix it...
  • ObamaCare Impact Upon Economy Worse than Originally Thought

    02/04/2014 6:46:37 PM PST · by rightwingerpatriot · 4 replies ^ | February 4, 2014 | Rightwingerpatriot
    I know I've done quite a few articles on the devastating impact of ObamaCare upon America, but it seems that every few days, another bit of information surfaces that illustrates that the devastation will be more far-reaching than we last thought. Today, the Congressional Budget Office released a new projection of the impact of ObamaCare and it is brutal. Their revised estimates show that within the next ten years, nearly 2.5 million workers could choose to move to part-time work instead of full-time. This impact will mean that employers will cut out 2.3 million full-time jobs altogether. In 2010, the...
  • Obama Regime: 2.5M People Losing Their Jobs Just A “Small Percentage of the Economy”

    02/04/2014 6:14:24 PM PST · by Nachum · 34 replies
    Tammy Bruce ^ | 2/4/14 | Tammy Bruce
    The Congressional Budget Office says ObamaCare is a job killer. But we already knew that, and have been saying so for four years. Now the Fed is catching up a little bit, yet losing 2-2.5 million jobs is the tip of the iceberg. “President Barack Obama’s healthcare law will reduce American workforce participation by the equivalent of 2 million full-time jobs in 2017, the Congressional Budget Office said on Tuesday in a report…” What does the White House think of this horrible reality for at least 2 million people and their families? It’s just a “small percentage of the economy.”...
  • Reid: Obamacare Doesn’t Cost Jobs, It Turns Workers Into ‘Free Agents’

    02/04/2014 2:20:15 PM PST · by Sir Napsalot · 40 replies
    PJ Tatler ^ | 2-4-2014 | Bridget Johnson
    Senate Majority Leader Harry Reid (D-Nev.) said the Congressional Budget Office report that shows Obamacare will make the labor force lose 2.3 million full-time workers by 2021 is positive because it lets Americans be “free agents.” “We have the CBO report, which rightfully says, that people shouldn’t have job lock. If they — we live in a country where there should be free agency. People can do what they want,” Reid told reporters outside of a close policy luncheon. “And what they’re saying here is — and the fact checkers have already done this — the Republicans talk about losing...
  • Health-Care Law Expected to Take Greater Toll on Workforce

    02/04/2014 2:20:43 PM PST · by gooblah · 10 replies
    Yahoo/WSJ ^ | Damian Palleta
    WASHINGTON—The Affordable Care Act is projected to reduce the number of full-time workers by roughly 2.3 million people through 2021 and insure 2 million fewer people this year than previously estimated, the Congressional Budget Office said Tuesday.
  • Flashback: Nancy Pelosi Says Obamacare Will Create 400,000 Jobs “Almost Immediately!”

    02/04/2014 6:01:45 PM PST · by Nachum · 27 replies
    The Gateway Pundit ^ | 2/4/14 | Jim Hoft
    At the Health Care Summit in February 2010, Speaker Nancy Pelosi claimed Obamacare would increase 400,000 jobs “almost immediately.” “It’s about jobs. In it’s life, it [the health bill] will create 4 million jobs — 400,000 jobs almost immediately.”
  • White House in damage control on health care jobs report

    02/04/2014 4:10:18 PM PST · by Libloather · 9 replies
    Medical Xpress. ^ | 2/04/14 | Stephen Collinson
    **SNIP** It said that the CBO summary instead showed that some who stay in low paid jobs or put off retirement to keep health insurance plans linked to employers would no longer have to under Obamacare and could chose to leave the work force or toil for fewer hours. "Claims that the Affordable Care Act hurts jobs are simply belied by the facts in the CBO report," White House spokesman Jay Carney said in a statement, which appeared just before the White House conducted a hurriedly organized call for reporters. "Since the Affordable Care Act passed into law in March...
  • RadioShack to close about 500 stores: WSJ

    02/04/2014 12:52:54 PM PST · by illiac · 77 replies
    WSJ ^ | 2/4/14 | Wall Street Journal
    <p>I know our local RS is not doing well...never anyone in the store...</p>
  • Obamacare will push 2 million workers out of labor market: CBO

    02/04/2014 11:31:27 AM PST · by grundle · 11 replies
    Washington Times ^ | February 4, 2014 | Stephen Dinan
    Obamacare will push the equivalent of about 2 million workers out of the labor market by 2017 as employees decide either to work fewer hours or drop out altogether, according to the latest estimates Tuesday from the Congressional Budget Office. That’s a major jump in the nonpartisan budget agency’s projections and it suggests the health care law’s incentives are driving businesses and people to choose government-sponsored benefits rather than work. “CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely...
  • CBO: O-Care slowing growth

    02/04/2014 7:31:16 AM PST · by Second Amendment First · 10 replies
    The Hill ^ | February 04, 2014 | Erik Wasson
    The new healthcare law will slow economic growth over the next decade, costing the nation about 2.3 million jobs and contributing to a $1 trillion increase in projected deficits, the Congressional Budget Office said in a report released Tuesday. The non-partisan group’s report found that the healthcare law’s negative effects on the economy will be “substantially larger” than what it had previously anticipated. The CBO is now estimating that the law will reduce labor force compensation by 1 percent from 2017 to 2024, twice the reduction it previously had projected. This will decrease the number of full-time equivalent jobs in...
  • 500 layoffs expected today at Time Inc.

    02/04/2014 9:59:47 AM PST · by jimbo123 · 59 replies
    NY Post ^ | 2/4/14 | Keith J. Kelly
    Tuesday is D-day at Time Inc. Around mid-morning, staffers are expected to start hearing how deep the cuts will be as Time Inc. CEO Joe Ripp unveils what is likely the last big downsizing before Time Warner spins off the publishing group as a separate company later this year. “It’s very nerve racking,” said one source inside the company that publishes People, Time, Sports Illustrated and In Style.
  • O-Care will cost 2.5M workers by 2024 (slowing growth, contributing to job losses-CBO)

    02/04/2014 9:32:29 AM PST · by Cincinatus' Wife · 11 replies
    The Hill ^ | February 4, 2014 | Erik Wasson
    The new healthcare law will slow economic growth over the next decade, costing the nation about 2.5 million jobs and contributing to a $1 trillion increase in projected deficits, the Congressional Budget Office said in a report released Tuesday. The non-partisan agency’s report found that the healthcare law’s negative effects on the economy will be “substantially larger” than what it had previously anticipated. The CBO is now estimating that the law will reduce labor force compensation by 1 percent from 2017 to 2024, twice the reduction it previously had projected. This will decrease the number of full-time equivalent jobs in...
  • CBO: health care law (Obamacare) will reduce jobs by 2 million

    02/04/2014 9:09:41 AM PST · by Red in Blue PA · 46 replies
    The Affordable Care Act will reduce the number of full-time workers by more than two million in coming years, congressional budget analysts said Tuesday in the most detailed analysis of the law’s impact on jobs.
  • Fracked natural gas should be Left's fuel of choice

    02/03/2014 2:44:51 AM PST · by 2ndDivisionVet · 8 replies
    The Manchester Union Leader ^ | February 2, 2014 | Deroy Murdock
    Imagine an energy source that reduces greenhouse gases, conserves water, and preserves natural habitat. It also creates manufacturing jobs, reduces income equality, and defunds sexists and homophobes. Liberals would scream for this fuel, right? Wrong! Natural-gas fracking satisfies these liberal demands, in spades. Yet Leftists fight fracking, as if it were concocted by Ted Cruz and Sarah Palin at Dick Cheney's ranch. "I don't see any place for fracking," Mayor Bill de Blasio, D, New York City, declared last week. Activist Yoko Ono claims: "Fracking kills." These and other liberals are either grossly ignorant of or willfully blind toward the...
  • Ready To Build The Keystone Pipeline? Not So Fast Says The White House

    02/01/2014 5:15:58 AM PST · by LD Jackson · 31 replies
    Political Realities ^ | 02/01/14 | LD Jackson
    Ah, the elation that was felt yesterday when the headlines started showing up yesterday. The final report on the environmental impact of the proposed Keystone Pipeline was released, clearing the way for a speedy approval for construction from the White House. One of my coworkers read it out loud and declared it was about time. I pointed out that the favorable report was not the last word and was certainly not an approval to start construction of the pipeline, but my coworker said Obama would have no choice but to approve it. I told him simply, we shall see. I...
  • The Certificate of Need 'CON' Job - Regulation increases health care costs 11 percent

    01/31/2014 1:18:00 PM PST · by MichCapCon · 7 replies
    Capitol Confidential ^ | 1/29/2014 | Jack McHugh
    Imagine a state law that required supermarkets to get permission from the government to install a new freezer case or build a new store. Before they could proceed, managers would have to go hat-in-hand to a board consisting of political appointees, some of whom may even have ties to the store’s competitors. No reasonable person would regard this as a recipe for more competition, lower prices and higher quality. Indeed, the very idea sounds crazy. Yet that is the very regulatory regime imposed on all hospital and clinic expansions and technology acquisitions in Michigan. Welcome to the perverse world of...
  • Why stronger GDP growth isn't creating more jobs

    01/31/2014 7:14:17 AM PST · by SeekAndFind · 35 replies
    FORTUNE ^ | 01/30/2014 | By Stephen Gandel, senior editor
    The government said GDP rose 3.2% in the last three months of 2013 -- one of the fastest rates since the end of the recession, though slower than the third quarter's 4.1%. Still, that sounds good, until you remember this: Employers only added 74,000 jobs in December -- one of the worst months in nearly three years. Stronger economic growth is supposed to equal more jobs. So what gives? It does appear that the normal relationship between jobs and GDP has broken down. In the first half of 2013, for instance, GDP growth was at 1.9% and employers added an...
  • Are You Smarter Than a Communist?

    01/31/2014 4:25:11 AM PST · by Kaslin · 6 replies ^ | January 31, 2014 | John Ransom
    Well it’s official. We’ve known that I am smarter than a communist, but now comes confirmation that I’m smarter than government economists—which still is a rather hollow accolade. GDP figures for 2013 came out and despite a doubtful surge that came in the last half of the year GDP still managed to squeak under 2%, just as I predicted at the beginning of the year. “For 2013 as a whole,” says ABCNews, “the economy grew a tepid 1.9 percent, weaker than the 2.8 percent increase in 2012, the Commerce Department said Thursday. Growth was held back last year by higher...