The nation’s unemployment picture might be improving, but the country remains in an enormous jobs hole that will take years to scratch out of. And some House Democrats are wondering why the White House isn’t making the issue its top priority. Roll Call reports:
Congressional
Today, Treasury Secretary Tim Geithner called the unemployment rate in the United States “unacceptable by any metric.” Of course, he then warned that it would likely go up before it goes down, so it’s unacceptable, but it will continue to occur. But the real question for many unemployed More…
It’s a rare day in America that the government, economists and members of the media establishment will come together and tell Americans that, actually, they’re all screwed. But since today is one of those days, let’s count the ways this recession has permanently altered the American economy for the worse. More…
President Obama announced his $150 billion job creation initiative on Tuesday, which includes everything from new spending for highway and bridge construction, to small business tax cuts, to retrofitting millions of homes to make them more energy-efficient. It’s the sort of news that probably would have gotten More…
President Obama is speaking this morning at the Brookings Institution to outline his strategy for tackling the employment crisis. Before he spoke a word, Republican leaders were already attacking the news that the administration is eyeing TARP funds to pay the tab for the new stimulus bill.
“This More…
Really! The Republican Policy Committee in the Senate is distributing a two-page fact sheet on the stimulus called “Democrats’ Partisan $1.2 Trillion Spending Bill by the Numbers.” Among the abuses:
10,000: Jobs created at NASA at a cost to taxpayers of $1.5 billion under the Senate bill
The point, More…
Here’s a headline that’s a sign of the times: “More Workers Needed for NJ Unemployment Claims.”
The Associated Press story, which ran yesterday, goes on to reveal that the state is hiring 130 additional workers to tackle the baglog of claims created by the economic downturn. (New Jersey’s unemployment More…
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