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Tag Archives: recovery


The Obama recovery that wasn’t

Families are no longer fooled by ‘hope and change’ happy talk

By Stephen Moore     •     Washington Times

Photo by: Seth Wenig In this July 9, 2015 file photo, a Wall Street sign is seen near the New York Stock Exchange in New York. U.S. stocks moved lower on the last day of the year as the market headed for a sluggish end to 2015. (AP Photo/Seth Wenig, File)

The stock market closed down for 2015 reversing one of the few positive accomplishments under the Barack Obama presidency. This has been a pretty prosperous time for the top two percent. For most Americans though — not so much.

A new report from Sentier Research based on Census data finds that median household income of $56,700 at the end of 2015 stood exactly where it was adjusted for inflation at the end of 2007.

That’s eight years of virtually zero income gain. And President Obama and his Washington political pundits wonder why voters are in such a cranky mood.

Last week the Joint Economic Committee of Congress issued a report on the Obama recovery loaded with even more dismal news. On almost every measure examined, the 2009-15 recovery since the recovery ended in June of 2009 has been the meekest in more than 50 years. Continue reading


A Recovery Stymied by Redistribution

Public policy intended to make layoffs less painful actually made layoffs cheaper and more common.

unemploymentby Casey B. Mulligan

Why has the labor market contracted so much and why does it remain depressed? Major subsidies and regulations intended to help the poor and unemployed were changed in more than a dozen ways—and although these policies were advertised as employment-expanding, the fact is that they reduced incentives for people to work and for businesses to hire.

You probably heard about the emergency-assistance program for the long-term unemployed that ended only a few months ago after running for almost six years. But there is also the food-stamp program. It got a new name and replaced the stamps with debit cards. Participants are no longer required to seek work and are not asked to demonstrate that they have no wealth. Essentially, any unmarried person can get food stamps while out of work and can stay on the program indefinitely. Continue reading


The Tale of Two Recoveries


by Michael Hausam

How often have you heard a Democrat prattle on and on about how well Barack Obama has done with the economy, given the mess he inherited? Usually, it’s some version of, “Things are getting better, but the economy the President started with was so awful, so he’s done as well as anyone could expect.”

When Ronald Reagan took over from Jimmy Carter in ’81, things were actually worse economically compared to when Obama took over from George W. Bush in ’08. Continue reading


A Sadder and Poorer Tax Day

obama_taxesObama’s tax increases have diminished America’s spirit and prosperity.

by Grover Norquist

With the arrival and passing of yet another April 15th Tax Day, the federal government will consume 20.5 percent of America’s total income this year. It’s not as bad as in France or Greece, but somewhat worse than when we formed these United States. When we were Colonies under the British, the average tax burden on American colonists was 2 percent. That was considered unbearable, and the revolution was on.

There has been some slippage over the years. The 16th Amendment allowing the income tax opened the door to truly European, supersized government. Continue reading


A Jobless Recovery Is a Phony Recovery

More people have left the workforce than got a new job during the recovery—by a factor of nearly three.

by Mortimer ZuckermanJobless Recovery

In recent months, Americans have heard reports out of Washington and in the media that the economy is looking up—that recovery from the Great Recession is gathering steam. If only it were true. The longest and worst recession since the end of World War II has been marked by the weakest recovery from any U.S. recession in that same period.

The jobless nature of the recovery is particularly unsettling. In June, the government’s Household Survey reported that since the start of the year, the number of people with jobs increased by 753,000—but there are jobs and then there are “jobs.” No fewer than 557,000 of these positions were only part-time. The survey also reported that in June full-time jobs declined by 240,000, while part-time jobs soared by 360,000 and have now reached an all-time high of 28,059,000—three million more part-time positions than when the recession began at the end of 2007. Continue reading


Recovery woes: America’s second-largest employer is a temp agency

Part Time Workby Ashe Schow

Behind Wal-Mart, the second-largest employer in America is Kelly Services, a temporary work provider.

Friday’s disappointing jobs report showed that part-time jobs are at an all-time high, with 28 million Americans now working part-time. The report also showed another disturbing fact: There are now a record number of Americans with temporary jobs.

Approximately 2.7 million, in fact. And the trend has been growing. Continue reading


Obamacare is slowing economic growth and costing Americans jobs

Weak EconomyWith the recent news that the Obama Administration will postpone the healthcare mandate on employers (but not on individuals) until after the mid-term elections, a new Gallup poll of 603 small business owners sheds some very interesting light on the Administration’s political calculations. The Gallup poll revealed that Obamacare is having a dramatic negative effect on the economy and on the ability of Americans to find jobs.

The Gallup poll reveals that more than 40 percent of small-business owners say that Obamacare has caused them to institute a hiring freeze. Nearly one in five small business employers say that Obamacare has caused them to fire existing employees.  Almost one in five small-business owners said they have already cut back their workers’ hours to avoid adverse impacts of Obamacare. About one in four employers “are weighing whether to drop insurance coverage.” Continue reading


Margaret Thatcher’s Eulogy for President Reagan

“Nothing was more typical of Ronald Reagan than that large-hearted magnanimity, and nothing was more American.”

by Margaret Thatcher

We have lost a great president, a great American, and a great man, and I have lost a dear friend.

CHEERFUL, FRESHNESS, OPTIMISM

In his lifetime, Ronald Reagan was such a cheerful and invigorating presence that it was easy to forget what daunting historic tasks he set himself. He sought to mend America’s wounded spirit, to restore the strength of the free world, and to free the slaves of communism. These were causes hard to accomplish and heavy with risk, yet they were pursued with almost a lightness of spirit, Continue reading


Ronald Reagan’s Second Inaugural Address: Human freedom is on the march, and nowhere more so than our own hemisphere

“The American sound . . . is hopeful, big-hearted, idealistic, daring, decent, and fair.”

by Scott L. Vanatter

One-term presidents rarely are considered our most successful presidents. Getting re-elected is not in and of itself an indicator of a successful second term. Of course, the more successful the first term, the more likely the success of a second.

During his second term Reagan built on the real economic accomplishment of his first. This success enabled him to ensure our freedoms and secure our defense. This freedom, then, spread around the world. Indeed, America became again the last best hope of earth. Continue reading


Obama’s Unprecedented Record of Failure on Jobs

“Every other employment indicator is worse today than it was in January 2009.”

Editorial: Investor’s Business Daily

November 02, 2012

President Obama holds up a printed copy of his jobs plan at a campaign event at Burke Lakefront Airport in Cleveland on Thursday

President Obama wants four more years because, he says, things are getting better and this is no time to turn back. And the latest jobs report to be released before the election appeared to hold good news, showing the economy created 171,000 jobs in October.

But you don’t have to look very hard to see that Obama has the worst jobs record of any president in modern times.

Despite 40 months of economic recovery, the number of payroll jobs today is just 0.1% above where it stood when Obama took office, and it’s still 4.3 million below the previous peak. Continue reading