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June 18, 2012
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Two years ago, on June 17, 2010, the Obama Administration announced the arrival of what it called “Recovery Summer.” The White House touted it as “the most active Recovery Act season yet, with tens of thousands of projects underway across the country that will help to create jobs for American worke...
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June 14, 2012
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After a disappointing Mother’s Day for female workers, Father’s Day is now fast approaching, and it’s worth considering how men have been faring in the Obama economy. As the graphs below indicate, the answer is not well, especially for men in their prime working years who are the most likely to hav...
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June 5, 2012
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After a dismal May jobs report revealing 220,000 more men and women out of work, the Obama Misery Index rose to a record high of 80 percent. The Obama Misery Index measures the rise in unemployment and debt since the beginning of the President's term. The Administration's failed policies and out-of-...
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June 1, 2012
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Today’s jobs report from the Department of Labor shows that the U.S. gained only 69,000 jobs in the month of May. It also marks the 40th consecutive month that the unemployment rate has remained above 8 percent, repudiating the Administration’s pledge that unemployment would remain below 8 percent i...
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May 23, 2012
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As President Obama’s budget director in 2009 and 2010, Peter Orszag implemented a stimulus law that yielded two results – a failure to deliver the jobs promised and two of the largest budget deficits in U.S. history. After leaving the Obama Administration for Wall Street, he now admits the U.S. labo...
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May 11, 2012
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324,000 women dropped out of the nation’s civilian labor force in March and April 895,000 married women have dropped out of the labor force since January 2009 The number of women not in the labor force hit an all-time high of 53,321,000 in April While Mother’s Day is a day that many honor all the wo...
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May 4, 2012
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As noted below, the invisible unemployed reflect adults who dropped out of the labor force and adults expected to join the labor force but who did not in the wake of Democrats' trillion-dollar 2009 stimulus plan. If these individuals were in the official labor force, they would be counted as officia...
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April 16, 2012
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Treasury Secretary Geithner David Gregory, Meet the Press : “In terms of the President’s stewardship of the economy – this is a success story?” Tim Geithner, Treasury Secretary : “…Absolutely. This President’s (economic) policies were remarkably successful.” Reality Source: Department of Labor unemp...
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April 13, 2012
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President Jobs at Start of Administration Jobs at End of Administration Net Change (All Figures in Millions) Hoover 31.3 (annual average for 1929) 23.6 (annual average for 1932) -7.7 Roosevelt 23.7 (annual average for 1933) 41.4 (April 1945) +17.7 Truman 41.4 (April 1945) 50.1 (January 1953) +8.7 E...
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April 2, 2012
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Joe Biden Quote Did Biden say it when the U.S. unemployment rate was…? Correct Answer “The latest reports from the job market show yet another disappointingly small increase in the number of Americans finding work, and the persistence of very troubling stagnation in wages. Something is wrong, this ...
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COMMITTEE on WAYS and MEANS