You Don’t Have to Take Our Word For It
Take a look at what independent economists and economic observers from across the political spectrum have had to say about the success of the Recovery Act on its one-year anniversary:
Stuart Hoffman, chief economist at PNC Bank: "The stimulus worked," said Stuart Hoffman, chief economist at PNC Bank. Without it, "the unemployment rate would probably be [...]
CBS: Obama’s call for bipartisanship is really demand for GOP surrender
The one surprising thing about this analysis of Barack Obama’s call for bipartisanship is that it comes from a CBS reporter. Mark Knoller provides a hard-hitting report on Obama’s actual intentions and the desperation leading to it, but as Ed Morrissey aptly notes, it surely isn’t shocking news to anyone in the GOP. The [...]
On the Employment Situation in January
While unemployment remains a severe problem, today’s employment report contains encouraging signs of gradual labor market healing. The unemployment rate fell three-tenths of a percentage point and employment rose in a number of industries, though overall employment fell slightly.
The unemployment rate declined from 10.0 percent to 9.7 percent. This decline occurred despite a modest rise [...]
Is Obama "undervalued"?
Was it Joseph Kennedy who figured out that the stock market would soon crash when he heard hotel bell-boys talking about their stock purchases? Presidential politics don’t constitute a market, but I get the same kind of feeling when the likes of Eugene Robinson start bad-mouthing the Obama presidency. Perhaps it’s time [...]
Midterm Report: Job Approval vs. the Unemployment Rate
When people talk about the midterm elections, they often say unemployment will be the most important factor. An unemployment rate at 10 percent on Election Day 2010, the argument goes, will ensure heavy Democratic losses in the House and Senate. For sure, jobs and the economy are likely to dominate the coming year. But is [...]
Newt Does a Job on Obama on Jobs
President Barack Obama exulted that the November unemployment
report “was the best since 2007.” The report showed double-digit
unemployment and still further job losses. Apparently, President
Obama considers that a major achievement. Rest assured the
American people will not.
The army of the unemployed now totals 15.4 million
[...]
