The President’s solution? Increase the minimum wage! That’s a great idea — instead of just getting hours cut, some of those employees will find themselves with their work hours reduced to zero. These are the employees who lost their jobs du to the minimum wage hike. Continue Reading →
President Obama and Education Secretary Arne Duncan have decided algebra is too tough for eighth-graders. Apparently the president doesn’t want anyone to be better at math than him. Continue Reading →
“President Obama had scheduled a speech about the economy this morning, but instead he went to Afghanistan.”[1] No wonder. If I was president I wouldn’t want to be in the country today either.
Today the November labor market report was released. The, um, highlight was the unemployment rate: 9.8%. Corporate profits are soaring and the economy is growing, albeit slowly. So where are the jobs? Continue Reading →
Somewhere, John Maynard Keynes (a loyal British citizen) is spinning in his grave. Continue Reading →