Free Republic

[Snip] THE JOBS REPORT FOR OCTOBER was released by the Bureau of Labor Statistics on Friday, and at first blush was surprisingly strong, much stronger, indeed, than expected. Payrolls expanded by 151,000 and the two previous months' were revised upward. But hold the hurrahs. The unemployment rate was stuck at 9.6%, and, toss in the underemployed and the rate remains at an elevated 17%. Moreover, the household version of the employment picture was a real bummer, showing an employment drop of 330,000. That especially weird disparity between the household and the payroll reports made us do a double-take. Happily, the...

“Spread the Recovery” Labor Sec: Keeping People on Unemployment for Almost Two Years is Gov Moral Obligation http://www.theblaze.com/stories/%e2%80%9cspread-the-recovery%e2%80%9d-labor-sec-keeping-people-on-unemployment-for-almost-two-years-is-gov-moral-obligation/

With the economy looming as the 1,000-pound gorilla in voting booths this election, voters may be casting their ballots in the U.S. Senate race based not so much on the attraction of the candidate as the economic philosophy he or she embraces. Senate Majority Leader Harry Reid, the Democrat, believes government should step in and spend taxpayer money to keep the economy afloat, create jobs and reinvigorate commerce. Most mainstream economists credit this “Keynesian” approach with sparing the nation an even deeper recession during the past three years.