Tag Archives: Unemployment

News

Obama’s spending spree in one simple chart

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This one graphic tells the whole story. (H/T RedState and Ace of Spades)

Public Debt Outlook
Public Debt Outlook

Click the images to enlarge them.

More charts:

Jobs Lost
Jobs Lost
National Debt
National Debt
Budget Deficit
Budget Deficit

More here.

RELATED: The Heritage Foundation has more details on the spending catastrophes of the first 100 days. And he hasn’t even gotten started on card check, health care and cap and trade, yet!

UPDATE: Chad from Truthbomb Apologetics e-mails me regarding this essay by John Hawkins, (of Right Wing News), documenting the 20 most notable features of Obama’s first 100 days.

My favorite:

7) In the best example yet of Obama’s over-reliance on a teleprompter and the mainstream media’s fervent devotion to him, during an appearance with the Irish prime minister, there was a mix-up — and “President Obama thanked President Obama for inviting everyone over.” The same mainstream media which relentlessly mocked George Bush for his slip-ups wouldn’t even release the footage.

Read the whole thing! Early humor before this week’s Friday funny.

News

Carbon caps already killing California jobs

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UPDATE: Welcome, visitors from Pursuing Holiness! Thanks for linking to me, Laura!

The Foundry, the blog of the Heritage Foundation, has an amazing story on the cost of regulations against energy producers. This is a preview of what we can expect from Obama’s crazy cap and trade plan!

Here’s the first story about a cement manufacturer in California:

And a second video, featuring a debate about this:

And here’s the bottom line:

Heritage’s research on U.S. manufacturing vulnerability shows roughly 4 million jobs nationwide will disappear or relocate to other countries. This massive climate bill is a minefield for American families, who will pay extremely higher prices for energy and goods, and for American businesses who will suffer under the heavy hand of government.

If you haven’t already bookmarked The Foundry, I would highly recommend it.

News

Jobless rate climbs in 46 states

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Wall Street Journal has the story here.

Excerpt:

The state-by-state employment figures showed only a few states avoiding the deterioration seen nationwide. Unemployment rose in 46 states during the month, and 12 states plus the District of Columbia posted unemployment rates in March that were significantly higher than the 8.5% nationwide figure the government released earlier this month.

The chief economist for California’s finance department, Howard Roth, said the state’s unemployment rate hasn’t been this high since reaching 11.7% in January 1941. The highest level on record in California is 14.7% in October 1940, he said.

…Most economists expect job losses across all U.S. nonfarm employers to continue in April at or near the rapid pace seen in March, when 663,000 jobs disappeared.

Here’s WSJ’s map of the numbers. Click the map for more details.

March year-over-year unemployment
March year-over-year unemployment

So much for socialism hope and change.