In January 2008 Barack Obama told the San Francisco Chronicle:"Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers." He promised that his plan would cause electricity rates to skyrocket.  

Dear FreedomWorks member, As one of our million-plus FreedomWorks members, I urge you to contact your representative and ask him or her to cosponsor H.R. 3400, the Jobs through Growth Act. Introduced by members of the Republican Study Committee (RSC), the pro-growth bill would cut harmful regulations and overhaul the tax code to boost job growth.

4.  Moral and Legal Authority A government with moral and legal authority promulgates written rules and universally, impartially and uniformly enforces the rules, which provides a predictable and stable legal order on which to base economic and personal decisions.  The law prevails, not the proclamation or arbitrary decision of a ruler, government bureaucrat, the enforcer (e.g., policeman) or judge.“Measuring Economic Policy Uncertainty” by Scott Baker, Nicholas Bloom and Steven J. Davis,

President Obama’s big job speech last week sounded more like yet another campaign speech. In typical Obama fashion, it was full of grand promises without much substance. He introduced his American Jobs Act with lots of feel good rhetoric minus the useful details of the costly plan.

The Labor Department’s monthly jobs report released today shows that unemployment increased from 8.8 percent to 9 percent in April. Back in February 2009, the Obama administration promised that the $819 billion "stimulus" spending package would keep the unemployment rate below 8 percent. The unemployment rate hit double digits in late 2009 and has hovered around 10 percent ever since.

After three months of the unemployment rate holding steady at 9.6 percent, the newest Labor Department’s jobs report reveals that the unemployment rate increased to 9.8 percent in November. The economy only added 39,000 jobs this month. The official unemployment rate does not even factor in the 1.3 million discouraged workers who have given up searching for a job. The Labor Department chart below shows the rise in the unemployment rate over the past two years:

As we’ve come to expect, yet another lackluster jobs report has been released. The highly anticipated Labor Department Jobs Report shows that only 151,000 jobs were added October. This slight increase in jobs was not enough to lower the official unemployment rate. For the third month in a row, the unemployment rate has been unchanged at 9.6 percent. Yet, this not even factor in the 1.2 million Americans who have altogether given up searching for a job.

The current economic downturn is far from over. For the past 14 consecutive months, the unemployment rate has remained above 9.5 percent. The new claims for unemployment insurance rose to a higher-than-expected 459,000 last week.