Thursday, December 6, 2012

Gallup: Unemployment Grows After Election

Gallup: Unemployment Grows After Election
Contradicting recent "rosy" monthy unemployment reports issued from the government, Gallup has found that the U-3 unemployment rate rose in November to 8.3%, and the far more important U-6 unemployment rate, which includes underemployed and "marginally attached" workers, ballooned to 17.2% last month. According to Gallup, November saw the most rapid increase in both the U-3 and U-6 rates since the recession officially "ended" in June 2009. Indeed, there were quite a few mass layoffs last month, and, even though I believe that many of these layoffs would have occurred even if Romney had been elected president, it's clear that Obama's reelection--and certainty that Obamacare will be implemented--has had a negative impact on employment.

Gallup: Unemployment Grows After Election - U-3 unemployment rate

Gallup: Unemployment Grows After Election - U-6 unemployment rate

Wednesday, December 5, 2012

California Schoolchildren Learn To "Tax The Rich" With Ed Asner

California Schoolchildren Learn To "Tax The Rich" With Ed Asner Courtesy of the California Federation of Teachers, schoolchildren of the Golden State are learning to "tax the rich" from an animated film narrated by Ed Asner.

From the YouTube description:
Tax the rich: An animated fairy tale, is narrated by Ed Asner, with animation by Mike Konopacki. Written and directed by Fred Glass for the California Federation of Teachers. An 8 minute video about how we arrived at this moment of poorly funded public services and widening economic inequality. Things go downhill in a happy and prosperous land after the rich decide they don’t want to pay taxes anymore. They tell the people that there is no alternative, but the people aren’t so sure. This land bears a startling resemblance to our land.

Tuesday, December 4, 2012

Boehner Removing Fiscal Conservatives From Committees

Boehner Removing Fiscal Conservatives From Committees
From FreedomWorks:
In the final days before the start of the new Congress, House Speaker John Boehner and the Republican establishment are quietly purging strong fiscal conservatives from prominent budget and finance committees. 

Rep. Justin Amash of Michigan, who has a 100 percent lifetime rating with FreedomWorks, has been removed from the House Budget Committee.

Rep. Tim Huelskamp of Kansas, who has a 96 percent lifetime rating with FreedomWorks, has been removed from the House Budget Committee.

Rep. David Schweikert of Arizona, who has a 96 percent lifetime rating with FreedomWorks, has been removed from the House Financial Services Committee.

Sources tell FreedomWorks that these fiscal conservatives were removed from their committees because their votes were not in lockstep with House leadership. Reps. Amash, Huelskamp, and Schweikert correctly voted against a handful of House leadership supported big spending bills: 

Reps. Amash and Huelskamp voted against the House leadership supported Continuing Resolution (H.J. Res. 48) that would have continued our unsustainable levels of deficit spending without the transparency of the open budget process.

Reps. Amash, Huelskamp, and Schweikert voted against the House leadership supported Continuing Resolution (H.R. 2608) that would have funded the government without any spending cuts.

Reps. Amash, Huelskamp, and Schweikert voted against Speaker Boehner’s Budget Control Act (S. 365) which created the failed Super Committee, and allowed President Obama to raise the debt ceiling to over $16 trillion and did not cut, cap, or balance federal spending. 

Reps. Amash and Huelskamp voted against the House leadership supported House Budget Chairman Paul Ryan’s budget (H.Con.Res.112) citing that it did not cut enough spending. While a step in the right direction, it would not balance the budget until at least 2040 – far too slowly given the massive size of our nation’s debt. They opted to support the Republican Study Committee’s more conservative budget instead, H.Amdt. 1003.