Tag / unemployment
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Blood on Their Doorposts
BY GABE RUBIN Despite recent investor bullishness and cocky parliamentary speeches from Prime Minister Mariano Rajoy, Spain remains mired in a profound economic crisis that has hurled its citizens into dire straits. While the overall unemployment rate stands at the American Great Depression level of 25 percent, youth unemployment, at over 50 percent, threatens to…
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Fox & Friends & Misleading Graphics
Has the unemployment rate doubled under President Obama? According to Fox News, yes. According to math, no. Media Matters first pointed to above graphic, which was used this morning in a Fox & Friends segment attacking the president on his economic posturing. The graphic claims the “real” unemployment rate has increased from 7.8% to 14.7%…
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The Future of the Economy
The Great Recession officially ended in June of 2009, but the lethargic employment growth over the past two years contrasts sharply with the rapid employment growth that usually follows a recession. Most economists expected a quick return to normalcy and are stymied by this “jobless recovery.” With persistently high unemployment threatening his reelection chances, President…
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Embattled Eurozone
Simmering With Greece “Pass this Bill,” urged President Barack Obama, warning that the alternative to his jobs plan was a crisis that would resemble Europe’s. In Sarah Palin’s letter to her Political Action Committee, she stressed the need for a leader to show the US the way, lest it follows the ‘road to European socialization.”…
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Perry’s Job Record
The first Republican primary debate this year started with a catfight between Texas Governor Rick Perry and former Massachusetts Governor Mitt Romney over their respective job creation records. The exchange not only raised the entertainment value of the debate, but also one important question: is Perry’s record as strong as it seems? Perry seems to…
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Boomtown USA
Don’t expect to hear folk songs about it, but with an unemployment rate of about 3%, there is a renaissance of sorts taking place on the prairie.
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Nah Nah, Why Don’t You Get a Job?
I accept as a foregone conclusion that politicians have to oversimplify many issues in order to connect with voters. With the possible exception of Sarah Palin, I don’t think that any candidates really believe that the solutions they so pithily offer are quite so easy or comprehensive as they appear. We shouldn’t rush to condemn…
