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The Wages of Unemployment
Wall Street Journal, by Richard Vedder
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Original Article
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Posted By:Desert Fox, 1/15/2013 7:25:05 PM
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| From the mid-17th century to the late 20th century, the American economy grew roughly 3.5% a year. That growth rate has since declined significantly. When the final figures are in for 2012, the annual rate of real output growth for the first dozen years of this century is likely to be about 1.81%. What accounts for the slowdown? An important part of the answer is simple: Americans aren´t working as much today. And this trend reflects more than the recession and sluggish economy of the past few years.
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Reply 1 - Posted by:
jalo1951, 1/15/2013 7:36:48 PM (No. 9118774)
Mr. Vedder is a mean heartless man who has no problem seeing children starve, the disabled ignored sitting in their own waste and the unemployed abused by suggesting that they look for work. Obviously he is a Republican. s/o If we don´t get on the stick and fix this problem - well, you know. We will be in the fast lane to disaster.
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Reply 2 - Posted by:
retiree, 1/15/2013 7:52:20 PM (No. 9118797)
JOBS = Revenue. We wouldn´t have to borrow if there were jobs.
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Reply 3 - Posted by:
Donna M, 1/15/2013 8:49:57 PM (No. 9118867)
What nobody is counting is the human capital cost--millions, especially highly skilled people 40-60+ who should be peaking in responsibility, business generation and nurturing the next generation of managers NOW and instead are sitting on the sidelines. Chaos is not breeding creativity for the most part. Net net, it is pure destruction for the most part without the creativity.
Trust me, everyone who falls into that category does not want to be on unemployment. The stories are pretty similar where I am. You don´t get considered because you´re overqualified. Being older and auditioning for a marketing manager position in an early-stage health tech company run by 40 year olds is an example. Even though you succeeded recently with early-stage companies just like theirs, if they give you a hearing, they don´t want ´mom´ (as they see it) on board. It hurts and takes its toll. And when you are over 50, retail and service jobs will give you a pass (been laughed at!) Another factor--many companies are gradually running into the ground and that breeds all kinds of dysfunction. Welcome to the Obummer Economy, Crony Capitalism and The Socialist US!
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Reply 4 - Posted by:
3XALADY, 1/15/2013 9:28:24 PM (No. 9118909)
#3 I experienced the exact same thing when I got laid off at the big airplane manufacturer in St. Louis after Mr. Cheney cancelled the A-12 contract in January 1991. I was 45 years old. My name was pencilled in on the lay off letter after the name of a 55 year old female was blacked out. 10,000 people were laid off at the same time and I didn´t find a job until August. I know exactly what you and all others who WANT to work are going through and it isn´t pretty. My heart goes out.
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Reply 5 - Posted by:
ColonialAmerican1623, 1/15/2013 11:01:34 PM (No. 9119034)
How can bringing more immigrants into the situation help, especially those with advanced degrees ?
Money makes the world go around and the unemployed can´t stimulate the economy, or buy green cars.
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Reply 6 - Posted by:
woofwoofwoof, 1/16/2013 12:27:40 AM (No. 9119123)
This Vedder and WSJ are blind as bats.
There are fewer people working because all the jobs were shipped to China.
Yes, yes, comparative advantage, and just how is that working for ya?
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Reply 7 - Posted by:
Trigger2, 1/16/2013 4:06:28 AM (No. 9119218)
Shipping US jobs to China and elsewhere is called Redistribution of Wealth.
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Below, you will find ...
Most Recent Articles posted by "Desert Fox"
and
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Most Recent Articles posted by "Desert Fox"
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Stay Cool. Call North
Korea’s Bluff.
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New York Times, by Andrei Lankov
Original Article
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Posted By: Desert Fox- 4/10/2013 9:42:21 PM
Post Reply
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NORTH KOREA is a tiny dictatorship with a bankrupt economy, but its leaders are remarkably adept at manipulating global public opinion. In recent weeks, we have been exposed to yet another brilliant example of their skill. Scores of foreign journalists have been dispatched to Seoul to report on the growing tensions between the two Koreas and the possibility of war. Upon arrival, though, it is difficult for them to find any South Koreans who are panic-stricken. In fact, most people in Seoul don’t care about the North’s belligerent statements: the farther one is from the Korean Peninsula,
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Michelle Obama on gun control:
‘These reforms deserve a vote’
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Washington Post, by Philip Rucker
Original Article
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Posted By: Desert Fox- 4/10/2013 9:27:00 PM
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CHICAGO — First lady Michelle Obama, with tears in her eyes and her voice cracking, spoke out for the first time here Wednesday about the gun violence afflicting young people in cities across the nation. She took a rare step for any first lady into the legislative fight of the hour, saying her husband, President Obama, is “fighting as hard as he can, and engaging as many people as he can, to pass common-sense reforms to protect our children from gun violence.” “These reforms deserve a vote in Congress,” she said, drawing loud applause from hundreds of Chicago’s
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Social conservatives warn Priebus
they could abandon GOP
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NBC News, by Michael O´Brien
Original Article
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Posted By: Desert Fox- 4/10/2013 9:09:20 PM
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A group of high-profile social conservatives warned Republican National Committee Chairman Reince Priebus in a letter this week that their supporters could abandon the GOP if the party seeks to change its position on social issues, particularly same-sex marriage. Thirteen social conservatives, representing various influential groups, wrote Priebus ahead of the RNC´s quarterly meeting this week in Los Angeles to sternly rebuke the conclusions of a post-election report that advised Republican elected officials to adopt a softer tone toward social issues. "We respectfully warn GOP Leadership that an abandonment of its principles will necessarily result
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Anti-American Syrian Forces
Slated For American Aid
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Investor´s Business Daily, by Editorial
Original Article
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Posted By: Desert Fox- 4/10/2013 7:29:54 PM
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Terrorism: As Syria´s Islamist rebels merge with al-Qaida, Secretary of State John Kerry mulls more U.S. support for them. Can anyone explain what President Obama is doing to the Mideast? ´How´s that hopey changey stuff workin´ out for ya?" Sarah Palin famously asked, mocking Obama´s campaign slogan. The same could be asked of "that Arab Spring stuff," largely sparked by President Obama´s 2009 Cairo University speech seeking "a new beginning between the United States and Muslims around the world." For over three decades, Egypt was a key U.S. ally, first under Anwar Sadat, who paid with his life,
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Rubio joins GOP colleagues for
Obama dinner at White House
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The Hill, by Daniel Strauss
Original Article
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Posted By: Desert Fox- 4/10/2013 7:28:41 PM
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Sen. Marco Rubio (R-Fla.) joined President Obama for his second closed-door dinner with Senate Republicans on Wednesday. Rubio had been invited but had not committed for most of the day of the dinner. The Florida Republican´s office said immigration meetings might get in the way of him going to the dinner, but later said he would attend. Besides Rubio, Sens. Lamar Alexander (Tenn.), John Boozman (Ark.), Susan Collins (Maine), Mike Crapo (Idaho), Mike Enzi (Wyo.), Deb Fisher (Neb.), Orrin Hatch (Utah), Johnny Isackson (Ga.), Pat Roberts (Kan.), John Thune (S.D.) Roger Wicker (Miss.) dined with Obama.
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Newtown In The Clinic: Media
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Investor´s Business Daily, by Editorial
Original Article
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Posted By: Desert Fox- 4/10/2013 7:26:33 PM
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Media Bias: A basketball coach who shoves and curses at his players merits constant coverage by a media also transfixed by Newtown. But a Philadelphia doctor on trial for murdering a woman and seven babies? It´s ignored. Those who get their news from the three major networks have probably not heard of Dr. Kermit Gosnell, now on trial in Philadelphia, charged with seven counts of first-degree murder and one count of third-degree murder for killing seven babies who survived abortions and a woman who died after a botched pain-killer injection. Everybody has heard of Mike Rice, the disgraced former
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The President´s Priorities
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Wall Street Journal, by Editorial
Original Article
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Posted By: Desert Fox- 4/10/2013 7:23:09 PM
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President Obama is pitching his new budget proposal as a fiscal peace offering to Republicans, but the details suggest everyone should expect more conflict. The fiscal 2014 plan he released Wednesday is a very slightly modified version of his previous budgets that reduces the deficit by raising taxes and trading defense cuts for more domestic spending. The real news is that his budget ratifies much of the spending increase of the first term and tries to lock it in. He wants the feds to spend $3.78 trillion next year ($11,944 per American), which would still be 22.2% of national
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6 Ways Obama´s Budget Is Worse
Than Everyone Thinks
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Investor´s Business Daily, by Editorial
Original Article
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Posted By: Desert Fox- 4/10/2013 7:20:55 PM
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Fiscal Policy: Shorn of its accounting gimmicks, the president´s budget isn´t a "balanced" plan to get the debt crisis under control. It´s a monument to fiscal irresponsibility. With much fanfare and a lot of media hype, President Obama unveiled his latest budget plan — two months late. An IBD review of Obama´s budget finds that, among other things, it: • Boosts spending and deficits over the next two years. Obama´s own budget numbers show that he wants to hike spending over the next two years by $247 billion compared with the "baseline," which even after
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Margaret Thatcher: A Cold War
angel and a democratic miracle
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Telegraph (U.K.), by Radek Sikorski
Original Article
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Posted By: Desert Fox- 4/10/2013 5:54:21 PM
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For young Europeans, it must be difficult to imagine the routine deprivation that existed behind the Iron Curtain when Margaret Thatcher came to power. As a refugee in London during the Eighties, I had to smuggle necessities to my family in Poland: toothpaste, shampoo, washing powder and, hidden in the parcels, miniature editions of books that were banned there. Occasionally, these were found and confiscated – including, in 1984, a copy of Nineteen Eighty-Four. Mrs Thatcher’s role in changing all this cannot be overstated. For those behind the Iron Curtain, she was
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Inside the Gang’s Immigration Bill
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National Review Online, by Katrina Trinko
Original Article
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Posted By: Desert Fox- 4/10/2013 5:51:24 PM
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In the immigration-reform legislation soon to be released by the Senate’s Gang of Eight, there will be a path to citizenship for illegal immigrants — but it will require proof of the border’s having been secured, and it will involve an arduous process that could easily take two decades for those eligible. The mark-up process for the Gang’s legislation will begin during the week of May 6. There will be no limits placed on how many amendments can be added, according to a source familiar with the negotiations. These are the broad outlines of the legislation: Modernizing the legal-immigration system.
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Melissa Harris-Perry: Mainstream Lib
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Rushlimbaugh.com, by Rush Limbaugh
Original Article
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Posted By: Desert Fox- 4/10/2013 5:41:24 PM
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RUSH: We played for you a sound bite of Melissa Harris-Perry. Melissa Harris-Perry is a professor at Tulane. She has a show at PMSNBC. She is a standard-issue leftist. There is nothing extraordinary about her, and by that I mean she´s not extreme; she´s not way, way far out there. She is a mainstream American liberal today. Folks, that´s very important. This is the woman who thinks that the whole notion that kids belong to their parents is outdated. That idea is cockamamie. The government is really the parent.
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Democrats Outraged
by Obama Budget
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Rushlimbaugh.com, by Rush Limbaugh
Original Article
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Posted By: Desert Fox- 4/10/2013 5:35:37 PM
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RUSH: Business Insider has a story: "Outraged Liberals Say Obama Is About To Screw Over The Very People Who Got Him Elected." I´m gonna give you a pull quote from this: "´It´s really a slap in the face to Democrats who knock on doors and volunteer for campaigns,´ DFA spokesman Neil Sroka told Business Insider. ´It hits at the very foundation of what it means to be a Democrat, and you´re going to see primary challenges emerge. Any Democrat who votes to cut Social Security and Medicare is not a progressive Democrat, and they
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The most shocking news
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American Thinker, by Thomas Lifson
Original Article
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Posted By: magnante- 4/9/2013 11:49:09 AM
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The murder trial of abortionist Kermit Gosnell largely is being ignored by the mainstream media, even in the face of grisly testimony, such as what we heard yesterday. Life News reports: ...a former employee described how she heard a baby scream during a live-birth abortion. Abortion clinic employee Sherry West described an incident which "really freaked (her) out" and related to the jury how she heard a child who was born alive following an abortion scream.
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Obama says he´s ´determined
as ever´ for gun bill
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Associated Press, by Nedra Pickler
Original Article
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Posted By: Desert Fox- 4/8/2013 10:27:49 PM
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HARTFORD, Conn. -- With time running out on the chance to pass gun control legislation, President Barack Obama on Monday warned Congress not to use delaying tactics against tighter regulations and told families of the Sandy Hook Elementary School shooting victims that he´s "determined as ever" to honor their children with tougher laws. Obama´s gun control proposals have run into resistance on Capitol Hill, leaving their fate in doubt. Efforts by Senate Democrats to reach compromise with Republicans over expanding required federal background checks have yet to yield an agreement, and conservatives were promising to try
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White House: Planned GOP
gun filibuster cowardly
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Washington Times, by Dave Boyer
Original Article
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Posted By: Dreadnought- 4/8/2013 11:08:31 PM
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Beginning a week of high pressure on gun control, the White House on Monday accused some Republican senators of cowardice for planning to filibuster gun legislation without allowing the full Senate to vote on President Obama’s initiatives. “If they oppose this legislation, have the courage to say so on the floor and vote no,” said White House press secretary Jay Carney. “Don’t block it. Don’t hide behind a procedural action to prevent a vote. That’s the wrong thing to do, and that’s how the president clearly feels.”
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Obamacare architect Rockefeller:
It´s ´beyond comprehension´
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Washington Examiner, by Paul Bedard
Original Article
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Posted By: Drive- 4/10/2013 7:17:19 AM
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West Virginia Democratic Sen. Jay Rockefeller, one of the towering architects of Obamacare, on Tuesday openly criticized program managers for not moving quickly enough to build the system, warning that if it gets off to a bumpy start it will just get worse. Decrying the Patient Protection and Affordable Care Act as way too complex, he warned the acting Medicare director that Obamacare is "so complicated and if it isn´t done right the first time, it will just simply get worse."
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Obama enjoys ´sequester soul concert´
at White House amid massive budget
cuts and government worker furloughs
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Business Insider, by Staff
Original Article
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Posted By: Attercliffe- 4/10/2013 4:24:28 AM
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The sequester may have many across the country singing the blues, but for President Obama, it was all about Memphis Soul. Even with the threat of furloughs and government cuts sparked by the sequester, Obama took the time to enjoy a star-studded concert at the White House tonight. The White House celebration of Memphis Soul music in the East Room--which included special guest appearances by Queen Latifah and Justin Timberlake--is likely to rile Obama´s Republican foes. Some conservatives have called on Obama to give up golf, especially since popular public tours of the White House have been canceled because of
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Obama: Put Nation´s 4-Year-Olds
in ‘Public Preschool;´ Will
Save on ‘Child-Care Costs´
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Cybercast News Service, by Terence P. Jeffrey
Original Article
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Posted By: KarenJ1- 4/10/2013 1:18:38 PM
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In the message he issued along with his budget proposal on Wednesday morning, President Barack Obama said he wants to see 4-year-old children in the United States enrolled in public schools. Obama said America needs to start enrolling 4-year-olds to make sure the children are “better prepared for the demands of the global economy” and to help parents save on "child-care costs." After saying the United States needs to “equip our citizens with the skills and training” to fill jobs in manufacturing, energy and infrastructure, Obama said, “And that has to start at the earliest possible age.”
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Obama´s Army Outmaneuvered by the NRA
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NationalJournal, by Beth Rinehard
Original Article
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Posted By: FlyRight- 4/10/2013 7:18:37 AM
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Although the first votes on gun -control legislation have yet to be cast, by some measures the National Rifle Association has already won. Obama’s ambitious plans to ban assault weapons and limit magazine capacities are off the table, while the NRA suggested it could support the most likely outcome -- expanded background checks -- as recently as 1999. The NRA claims that the president’s efforts have triggered a fundraising surge and boosted its membership from 4 million to nearly 5 million.
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Poll: Obama underwater on
guns, immigration, deficit
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Politico, by Donovan Slack
Original Article
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Posted By: Dreadnought- 4/8/2013 10:17:29 PM
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A new CNN/ORC International poll found President Obama´s overall approval rating has ticked up to 51 percent but ratings have fallen on his handling of the key issues on his agenda: immigration, guns, and the deficit. On immigration, 44 percent approve of the way he is handling the issue, down from 51 percent in January. At the same time, disapproval has jumped to 50 percent, up from 43 percent in January. On guns, 45 percent approve and 52 percent disapprove, the poll found. In January, 46 percent approved and 49 percent dispproved. And on the deficit, 38 percent approve
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Outraged Liberals Say Obama Is
About To Screw Over The Very
People Who Got Him Elected
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Business Insider, by Grace Wyler
Original Article
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Posted By: Desert Fox- 4/10/2013 6:35:42 AM
Post Reply
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Liberals descended on Pennsylvania Avenue Tuesday to protest President Barack Obama´s decision to include entitlement cuts in his upcoming budget, delivering 2 million petitions demanding the White House back off its support for the chained CPI. As we reported this weekend, liberals have been seething over the inclusion of the chained CPI in Obama´s budget, which they see as a huge betrayal by the Democratic president. This week, progressive groups, including MoveOn, the Progressive Change Campaign Committee, and Democracy for America, have mounted "emergency" online campaigns against the proposal, accusing Obama of
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Sebelius: Implementing Obamacare
More ´Difficult´ Than Anticipated
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Breitbart´s Big Government, by Tony Lee
Original Article
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Posted By: Dreadnought- 4/10/2013 7:21:14 AM
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Health and Human Services (HHS) Secretary Kathleen Sebelius conceded Monday that implementing the Affordable Care Act has been more complicated and frustrating than the Obama administration expected, largely due to Republicans who have opposed the law´s state-based exchanges and Medicaid expansion. "The politics has been relentless and that continues," Sebelius said. "There was some hope that once the Supreme Court ruled in July, and then once an election occurred there would be a sense that, ´This is the law of the land, let´s get on board, let´s make this work.´"
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AG sues florist who refused
flowers to gay wedding
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Seattle Post-Intelligencer [WA], by Joel Connelly
Original Article
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Posted By: KarenJ1- 4/10/2013 2:28:46 PM
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State Attorney General Bob Ferguson on Tuesday filed a consumer protection lawsuit against Arlene’s Flowers & Gifts, a Richland florist that refused to supply flowers to the same-sex marriage of a longtime customer. Ferguson said he sent a March 28 letter to owner Barronelle Stutzman asking her to reconsider and supply flowers to customer Robert Ingersoll. Through an attorney, Stutzman declined to change her position.“As Attorney General, it is my job to enforce the laws of the state of Washington,” said Ferguson. “Under the Consumer Protection Act, it is unlawful to discriminate
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Ron Johnson’s JCPenney:
Anatomy of a Retail Failure
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Yahoo! Finance, by Jeff Macke
Original Article
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Posted By: athina- 4/9/2013 9:45:34 AM
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In a stunning end to one of the most aggressively unsuccessful tenures in retail history, JCPenney (JCP) last night announced that CEO Ron Johnson would be leaving effective immediately. Myron Ullman, Johnson´s predecessor at JCPenney, takes office as CEO. When Johnson was initially wooed by JCPenney, it was to serve as CEO with Ullman as Chairman. In January 2012, Ullman was unceremoniously removed from the board. Gone with Ullman was any control the Board of Directors had over Ron Johnson and his control of JCPenney resources.
Headline corrected by Staff
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