Tag Archives: Unemployment

News

Feds give $888,000 to Chicago public schools to teach Arabic language

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Story here from the Chicago Sun-Times. (H/T Verum Serum)

Excerpt:

The Chicago public schools will expand its Arabic-language program to three more high schools, thanks to a three-year, $888,000 federal grant announced this morning.

[…]Already, Arabic is offered at three Chicago high schools — Lincoln Park, Roosevelt and Lindblom.

It’s also offered at seven Chicago elementary schools — Durkin Park, Agassiz, Belding, LaSalle Language Academy II, Marquette Tech and Volta.

In all, about 2,000 students take Arabic in Chicago’s schools.

The new federal grant, on top of $1.6 million in state and federal funds the schools already have gotten, will fund the expansion to three additional high schools that have yet to be identified.

Wasteful government spending is the reason why we have 10.2% unemployment. Democrats think that massive federal grants to public schools stimulate the economy. On the other hand, George W. Bush cut taxes by 2.2 trillion, and unemployment dipped down below 5%.

News

Residents of New York and California flee high taxes and regulations

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Here’s a funny story from the New York Post. (H/T National Review via ECM)

Excerpt:

On top of the city and state payroll tax, Social Security and Medicare [small-business owner John Logue] pays for employees, Logue said the city also hits him with a slew of permit fees. He recently had to pay $50 to obtain a certificate to collect sales taxes for the city and the state. In the past, it was free. He also pays the city to have a restaurant certificate, an exhaust-system permit and an illuminated-sign permit.

Logue said his [government-issued] water bills have also increased by nearly 50 percent in the last three years. Currently, he pays $1,600 every three months to the city.

“I’m getting to the point where I’m thinking about leaving New York,” he said.

And Kevin D. Williamson adds:

If you want to know where the future is headed, look where the people are going. And if you want to know where the people are going, check with U-Haul. Here’s an interesting indicator, first noted by the legendary economist Arthur Laffer: Renting a 26-foot U-Haul truck to go from Austin to San Francisco this July would cost you about $900.

Renting the same truck to go from San Francisco to Austin? About $3,000. In the great balance of supply and demand, California has a large supply of people who are demanding to move to Texas. There’s a reason for this.

Yes, prices rise when there is a high demand and supply is the same.

I once had a job interview at Fidelity in Boston, MA, and I remember going up the elevator with someone who commuted in every day from New Hampshire to avoid the taxes. And I remember thinking – this guy probably votes Democrat like everyone else in Boston.And shortly thereafter, New Hampshire turned blue and is now somewhere down in the gutter.

Why do Democrats do this to themselves? Anyway, the whole country will be like New York and California if more of these crappy bills pass, and where will we run to then? We’ll be stuck until the next election, and it serves us right. I think a good long period of suffering under Obama is just what we need to learn the importance of economics – the hard way.

News

Why Obama’s government spending failed to keep unemployment below 8%

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stimulus-vs-unemployment-october-dots

This article from the National Review is awesome. (H/T ECM)

Excerpt:

The odds that the stimulus package would “create or save” millions of jobs, per the administration’s promises, were never good. The government is borrowing enormous amounts of money to pay for the stimulus. That money should be funding job creation in the private sector. Instead, it is going to shore up insolvent spendthrift state governments, to expand Medicaid and unemployment benefits, and to lay the groundwork for an aid-dependent green-energy sector that is going to drain the nation’s resources for years to come.

[…]If we divide the number of dollars spent by the number of jobs the White House claims were saved or created, the result is a cost of $160,000 per job.

[…]America’s private sector is resilient, and it will bounce back. Laying too much of the blame at Obama’s feet risks setting him up to take the credit for the comeback when things inevitably improve. Republicans’ arguments should focus on the long term. Obama’s decision to double-down on the nation’s bad housing bet risks reinflating the real-estate bubble. The new taxes associated with his health-care and energy bills will dampen growth and weaken the recovery. The debt he is piling up has unnerved our creditors, and his spending sprees are distorting the allocation of resources in our economy.

[…]The president just signed yet another extension of unemployment benefits, stretching the eligibility period to nearly two years in some states. The bill funds the additional benefits by extending a payroll tax on employers that was scheduled to expire at the end of the year. In other words, the administration is simultaneously providing incentives for workers not to work and for employers not to hire them.

I wrote before about how government spending cannot create jobs.