The Labor Department reported this morning that nonfarm payrolls fell by 131,000 in the month of July. Even more discouraging was that June’s revised payroll number was revised downward to a negative 221,000. This is huge. Initial jobless claims estimates
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President Obama has a huge problem: jobs. As in, lack of them. As in, not creating any. He promised them on the campaign trail, and he promised them as part of the $1.2 trillion stimulus package he signed a year
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Goodbye 2009! Hello 2010!
Nearly everyone I talk to expresses relief at the end of 2009. It would be a good year to forget, that is, if we didn’t have to deal with the consequences of decisions and actions that
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Nine months ago, Congress passed and President Obama signed an economic stimulus package totalling $1.8 trillion. Hastily designed and implemented, the legislation was highly criticized because it was virtually impossible for anyone to have actually read the bill (much less
