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Employment Outlook Still Dim Despite CBO Report
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Employment Outlook Still Dim Despite CBO Report

The Congressional Budget Office (CBO) released a report claiming that the “stimulus” was responsible for adding between 1 million to 2.1 million workers by the end of 2009. In addition, the CBO predicts that the “stimulus” will have an even greater impact in 2010 bylowering the unemployment rate by 0.7 to 1.8 percentage points.

02/26/2010
Reid's Job Bill Likely to Have Minimal Effect on Unemployment
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Reid's Job Bill Likely to Have Minimal Effect on Unemployment

Yesterday, Reid’s $15 billion jobs bill passed the preliminary vote in the Senate with a 62 to 30 vote with five Republicans voting to proceed with the bill. The New York Times summarizes the bill which includes Social Security tax exemptions, tax credits and reauthorizing the highway trust fund:

02/23/2010
One Year Later: Obama Still Calling "Stimulus" Success
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One Year Later: Obama Still Calling "Stimulus" Success

Yesterday marked the one year anniversary of the massive $787 billion stimulus being signed into law. The White House continues to claim that the stimulus has saved upwards of 2 million jobs in the past year. According to Obama, the “stimulus” has been a record success:

02/18/2010
20,000 Jobs Lost in January
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20,000 Jobs Lost in January

According to recent unemployment reports, an additional 20,000 jobs were lost in January. Despite this loss, the unemployment rate declined from 10 percent to 9.7 percent. It is important to note that the unemployment rate does not account for any discouraged potential workers who are not actively seeking unemployment.

02/09/2010
White House Says Unemployment Down Yet Actual Unemployment Up
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White House Says Unemployment Down Yet Actual Unemployment Up

Last Friday, the Labor Department reported that in January the unemployment rate had fallen from 10 to 9.7 percent. The White House claimed that this was positive news that the economy was improving. However, upon closer examination, the Labor Department’s job statistics are seasonally adjusted.

02/09/2010
Proposed 45-Percent Death Tax Will Increase Unemployment
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Proposed 45-Percent Death Tax Will Increase Unemployment

Some Americans have declared 2010 the “best year to die.” Due to the temporary expiration of the estate tax or death tax, all individuals that pass away this year are guaranteed that their loved ones will receive their inheritance in full. Those that pass away are not forced to leave their mourning family with the burden of paying exorbitant taxes on their belongings.

02/05/2010
House Votes On Raising Debt Ceiling
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House Votes On Raising Debt Ceiling

By the end of February, the current $12.4 trillion debt limit is expected to be reached.

02/04/2010
Proposed Net Neutrality Regulations: A Serious Threat To Internet Users
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Proposed Net Neutrality Regulations: A Serious Threat To Internet Users

In a recent interview with Steve Grove broadcasted on Youtube, Obama stated that he was a strong advocate of net neutrality regulations: 

02/03/2010
Unfortunately, Expanding Pell Grants Likely to Increase College Tuition and Fraud
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Unfortunately, Expanding Pell Grants Likely to Increase College Tuition and Fraud

In Obama’s proposed 2011 fiscal budget released yesterday, he calls for a massive expansion to the Pell Grant program. The Pell Grant, given to undergraduate and some graduate students that can demonstrate financial need, will be expanded to approximately $35 billion.  It’s no secret that tuition costs are soaring particularly at public colleges and universities.

02/02/2010
Obama's 2011 Fiscal Budget: More of the Same
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Obama's 2011 Fiscal Budget: More of the Same

Today, the White House released Obama’s remarks regarding his budget for the fiscal year 2011:  We simply cannot continue to spend as if deficits don't have consequences; as if waste doesn't matter; as if the hard-earned tax dollars of the American people can be treated like Monopoly money; as if we can ignore this challenge for another generation. We can't. No, it’s not April Fools day.

02/01/2010

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