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Click here to visit the new home of Politics Daily!(July 16) -- President Barack Obama invited Bill Clinton and Warren Buffett to the White House this week for some advice on how to kick-start the economy's jobs machine -- something that the $787 billion stimulus package passed last year was supposed to achieve. But Obama doesn't need to go around seeking advice from ex-presidents or wise investors. The answers are pretty straightforward. In his recent Newsweek column, Fareed Zakaria talks about how "economic uncertainty" is "the primary cause of their caution." Mentioned only in passing, though, is how administration policies are ...
(July 2) -- This past June, the economy gained 83,000 jobs in the private sector. Overall, employment declined by 125,000 and the unemployment rate dropped to 9.5 percent. The job losses are largely a result of 225,000 temporary census workers ending their service. However, over the first half of the year, we've seen the creation of 600,000 private-sector jobs -- steady growth averaging 100,000 new private-sector jobs each month. While this steady private-sector job growth is encouraging, the large number of Americans without jobs reminds us we need to continue working to create jobs and ...
A group of governors from both parties met Monday at the U.S. Chamber of Commerce for a discussion of state-level job creation. Govenors Rick Perry (R-Tex.), Bill Richardson (D-N. Mex.), Jack Markell (D-Del.), Tim Pawlenty (R-Minn.), Donald Carcieri (R-R.I.), and Joe Manchin (D-W. Va.) were on hand to celebrate a new report commissioned by the Chamber that ranks states on the job-creation performance. The report, completed by the Praxis Strategy Group, is part of the Chamber's "American Free Enterprise" initiative launched last October to promote free-market alternatives to the Obama ...
With help from 11 Republicans, the Senate approved an $18 billion jobs bill Wednesday and sent it to President Obama in the hope that the package of hiring tax incentives lifts the economy and ultimately Democratic chances in the November elections. The legislation was approved, 68-29, with one Democrat, Sen. Ben Nelson (D-Neb.), joining most Republican senators in opposition. The centerpiece is forgiveness from payroll taxes for the remainder of 2010 for employers who hire workers that have been jobless for 60 days or more, and a $1,000 tax credit for each such employee who stays at that ...
(Dec. 9) -- I don't know what the Obama girls want for Christmas, but I can guess their dad's top wish: that employers will hand out jobs like Santa Claus. But while the unemployment rate should fall as the economy picks up this spring, the recent recession has accelerated a long-term trend toward a "free agent economy," one increasingly dominated not by traditional employers and jobs, but by independent contractors. While I think this is a good thing, I'm not sure the Obama administration does, which is why it's ironic that their policies are turning more and more of us into free ...
WASHINGTON (Dec. 8) -- Cash for Caulkers may stick as the name. But a program proposed Tuesday by President Obama would give rebates to homeowners for a much broader range of projects to cut energy usage – like insulation, efficient appliances and new windows. And just like the Cash for Clunkers program for people who traded in gas-guzzling cars, the new plan aims to create jobs as well as improve the environment. "I'm calling on Congress to consider a new program to provide incentives for consumers who retrofit their homes to become more energy efficient, which we know creates jobs, ...
(Dec. 8) -- Attention spans are notoriously short in Washington, but this is a bit ridiculous. "President Barack Obama will Tuesday lay out three new approaches to battling the U.S. jobs crisis," said one news account posted before Obama's speech later in the day. The "new" approaches he put forward: more money for roads and bridges, tax credits for energy-efficiency improvements in homes and more help for small businesses. Wait a moment. Didn't the stimulus bill passed just 10 months ago dedicate billions upon billions of dollars to those very areas? Turns out, it did. According to a ...
WASHINGTON (Dec. 3) -- The business leaders President Barack Obama gathered Thursday for advice on how to create jobs have themselves laid off tens of thousands of workers. Obama invited more than 130 leaders from business, labor, academia, nonprofits and local government to talk about the issue that casts a shadow over the country -- and his approval ratings. One in 10 Americans is unemployed. The economy still is shedding jobs -- and economists expect that trend will continue Friday when the government announces new figures. "I am not interested in taking a wait-and-see approach when it ...
(Dec. 2) - President Obama is holding a jobs summit to address the crisis of nearly 16 million Americans without work, the highest unemployment rate in more than 26 years. And while he's invited more than 130 CEOs, academics, journalists and union leaders to share their views on the economy at the White House, at the end of the day the only opinion that will matter will be Obama's. So the big question for the country is whether Obama will change course on the economy after the summit. Will he embrace a different set of job-creation policies than the failed government spending approach to ...
(Dec. 2) - President Obama has said he wants fresh ideas for his jobs summit Thursday. Here's one he's not likely to hear: Don't do anything. Economic indicators suggest the jobless rate will fall on its own, and "doing something" could easily hurt more than it helps. Don't think so? Take a look at history. In 1921, amid double-digit unemployment rates, Secretary of Commerce Herbert Hoover called an Unemployment Conference, inviting the nation's leaders to talk about how to lower the jobless rate. President Warren Harding ignored the advice that came out of this conference and did nothing. ...
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