There are around 150 million people employed in the United States at the moment. According to Rep. Maxine Waters, the sequester will have such a devastating impact that all of those people will lose their jobs, and 20 million of them will lose their jobs twice: Yesterday we did have Mr. Bernanke in our committee [...]

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The GOP has already accepted that its role is to follow, not lead. The only remaining question in the fiscal cliff debate is not if the Republicans will capitulate to higher taxes but when. “I, as a Republican, would take raising the rates on the two top brackets if in return, we had tax reform [...]

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In some sense, the President is fortunate. I predicted a long time ago that he would win re-election if the unemployment rate was under 8 percent. Well, the new numbers just came out and the joblessness rate is 7.9 percent. So even though his stimulus failed, and even though his class-warfare tax policy is like [...]

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(CNSNews.com) – Seventy-three percent of the new civilian jobs created in the United States over the last five months are in government, according to official data published by the Bureau of Labor Statistics. In June, a total of 142,415,000 people were employed in the U.S, according to the BLS, including 19,938,000 who were employed by [...]

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(CNSNews.com) – The long-term unemployment rate rose to 40.6 percent in October, up from September’s level of 40.1 percent of the total unemployed, according to a report from the Bureau of Labor Statistics Friday. Long-term unemployment is unemployment lasting for 27 consecutive weeks or longer, according to BLS. The government reported that just over 5 [...]

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What’s with the Household Survey’s miraculous spurt of 873,000 new jobs? Who needs the Bureau of Labor Statistics (BLS), when you have Rush Limbaugh? Limbaugh predicted almost a year ago that the unemployment rate reported last Friday would fall below 8% for the first time since Obama entered office. Limbaugh by his own admission is [...]

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President Barack Obama told an Hispanic audience today that his “biggest mistake” was not passing a large-scale amnesty of illegal immigrants. The statement comes amid a continuing decline in the percentage of Americans who are working, and amid a rapid increase in government debt to $16 trillion. “My biggest failure is that we haven’t got [...]

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The unemployment rate dropped in August from 8.3% to 8.1%. Good news? Not hardly. The reason for the drop was that more people stopped looking for work. And the economy could only manage to create 96,000 jobs — far below what is necessary to employ all the new workers who enter the work force every [...]

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Stephanie Cutter, President Obama’s deputy campaign manager, recently boasted to Willie Geist of MSNBC that, from an employment perspective, the recovery of the economy under President Obama compares favorably with the Reagan recovery.  Her claim seemed adequately outlandish to warrant comparing the two recoveries based on two criteria of central importance to the American people: [...]

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CNSNews.com – The Congressional Budget Office CBO predicts that if tax rates rise in 2013 as scheduled, the economy will fall back into recession, shrinking by 0.5 percent in 2013. CBO made the prediction in its annual summer budget update Wednesday. “But the sharp increases in federal taxes and reductions in federal spending that are [...]

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