Weekly Jobless Claims "Unexpectedly" Rise Again
The Obama stimulus turned 2 in February which means this potential double dip coincides with Dr. Antony Davies’ research on stimulus spending. He states that on average, for every 1% increase in federal spending, two years later the economy sheds 4,000 dollars in GDP per person.
9:46 am • 9 June 2011 • 31 notes
The Dreamliner Nightmare
This summer, the huge Boeing assembly plant here will begin producing 787 Dreamliners — up to three a month, priced at $185 million apiece. It will, unless the National Labor Relations Board, controlled by Democrats and encouraged by Barack Obama’s reverberating silence, gets its way.
Last month — 17 months after Boeing announced plans to build here and with the $2 billion plant nearing completion — the NLRB, collaborating with the International Association of Machinists and Aerospace Workers (IAM), charged that Boeing’s decision violated the rights of its unionized workers in Washington state, where some Dreamliners are assembled and still will be even after the plant here is operational. The NLRB has read a 76-year-old statute (the 1935 Wagner Act) perversely, disregarded almost half a century of NLRB and Supreme Court rulings, and patently misrepresented statements by Boeing officials.
South Carolina is one of 22 — so far — right-to-work states, where workers cannot be compelled to join a union. When in September 2009, Boeing’s South Carolina workers — fuselage sections of 787s already are built here — voted to end their representation by IAM, the union did not accuse Boeing of pre-vote misbehavior. Now, however, the NLRB seeks to establish the principle that moving businesses to such states from non-right-to-work states constitutes prima facie evidence of “unfair labor practices,” including intimidation and coercion of labor. This principle would be a powerful incentive for new companies to locate only in right-to-work states.
2:13 pm • 15 May 2011 • 3 notes
Another Day, Another Union Intimidation Story
A common refrain among recession-weary Americans is that we don’t make anything in this country anymore. However, workers in South Carolina have a chance to make something — Boeing 787 Dreamliners that would be flown around the world — and yet Obama’s labor-cozy appointees to the National Labor Relations Board are intent on scuttling it.
Boeing, a vital U.S. company, wants to build a plant in South Carolina and bring good-paying manufacturing jobs to the state. They’ve already poured billions into the facilities and have hired 1,000 workers. But the NLRB filed a lawsuit last month to force Boeing back to Washington state, where workers would be represented by a union. The NLRB claims Boeing decided to open a non-union plant in South Carolina in retaliation for past strikes in Washington.
(Via Hot Air)
10:58 am • 3 May 2011 • 3 notes
Obamanomics: Working Population Drops to Three-Decade Low
Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983 and down from a peak of 49.3% in 2000. Last year, just 66.8% of men had jobs, the lowest on record.
The bad economy, an aging population and a plateau in women working are contributing to changes that pose serious challenges for financing the nation’s social programs.
12:42 pm • 14 April 2011 • 2 notes
Shocker: Inflation is Back, Wages Falling Behind
During the campaign in 2007-8 and just about ever since taking office, Barack Obama has attempted to disparage the boom years between 2003-7 as an unfair illusion, arguing that middle-class families didn’t experience real wage gains while the rich profited. One has to conveniently forget the millions of jobs created in this period to believe that, but the issue is moot anyway. As the Washington Post reports this morning, inflation has returned as wages fail to keep pace, which will have families pining for the days of the Bush expansion.
10:33 am • 5 April 2011 • 2 notes
The EPA's Future Isn't Looking Too Good
Wait….yes it is!
Republicans in Congress advanced against the EPA and the Obama administration’s energy policy on two fronts today. In the House, the Energy and Commerce Committee approved a bill to stop the EPA from implementing regulations to enforce its finding on carbon dioxide emissions as a pollutant. The bill will certainly pass the House, and might pass the Senate as well.
2:59 pm • 10 March 2011
New Smog Regulations Could Cost 7.3 Million Jobs
Industry officials say with confidence that 7.3 million jobs will disappear if the Obama administration goes through with tighter rules to reduce smog. The industry-sponsored researcher who came up with that number isn’t so sure.
2:39 pm • 28 February 2011 • 2 notes
White House Energy Policies Making U.S. Less Competitive, Costing Jobs
Pete Sepp, Executive VP of the American Taxpayers Union, digs in to Barack Obama’s proposed changes to the corporate tax structure to determine just how terrific it will be if Uncle Sam can manage to dig a little deeper into the pockets of U.S. energy producers. Not only are the projected results predictable, but he finds that the White House seems to be playing favorites here in an effort to specifically target oil producers. He further notes that the oil industry is no stranger to “special treatment,” since they already lay out more cash to the tax man than nearly anyone else.
11:42 am • 26 February 2011 • 1 note
CBO: Jobs Created and Saved By Stimulus Cost At Minimum An Average of $228,055 Each
The jobs created and saved by the economic stimulus law that President Barack Obama signed on Feb. 17, 2009 cost at a minimum an average of $228,055 each, according to data released yesterday by the Congressional Budget Office (CBO).
In a report released Wednesday—“Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October Through December 2010”—the CBO said it now estimates the stimulus law cost a total of $821 billion, up from CBO’s original estimate that the stimulus would cost $787 billion.
8:08 pm • 24 February 2011 • 3 notes
Obama to Impose New Fees on Energy Companies Who Can’t Drill Anyway
Obama’s War on Oil is in full effect.
“It’s no surprise the administration is proposing yet again to raise taxes on the U.S. oil and natural gas industry. But it’s still a bad idea and comes at one of the worst times in our economic history. The administration continues to ignore the fact this industry is among the nation’s largest job creators and delivers enormous revenues to government at all levels. The industry pays income taxes, royalties and other fees totaling nearly $100 million every day and pays income tax at an effective rate far higher than most other industries.
“Besides eliminating thousands of new potential jobs, the increases, over the long term, would actually lower revenue to the government by many billions of dollars as a result of foregone revenues from projects the tax hikes would prevent going forward.
What’s sad, is the majority of the Liberals who read this will probably think in their head, “Good! Oil is bad!”
10:38 am • 16 February 2011 • 3 notes
Obama Causes Gulf Oil Drilling Company to Go Bankrupt...or making America energy dependant
Seahawk Drilling Inc. said it has filed for bankruptcy protection and plans to sell its fleet of offshore drilling rigs to a competitor for $105 million.
Seahawk, which announced the deal with Hercules Offshore Inc. Friday, has been hurt by a slowdown in Gulf of Mexico drilling after the BP oil spill last April. The government halted drilling in deep waters and imposed tough new rules that have curtained all energy exploration in U.S. waters.
Seahawk owns a fleet of 20 jackup rigs for shallow water exploration, while Hercules owns 30 rigs, vessels and other equipment. It also provides drilling services. The deal creates a larger company with a more diverse fleet and greater operational flexibility, Seahawk said.
Both companies are based in Houston.
When Obama said “jobs are my top priority”, I wasn’t aware he meant putting people out of them.
More casualties in Obama’s War on Oil.
10:54 pm • 14 February 2011 • 3 notes
Video: Obamacare Will Kill 800,000 Jobs
Oh, sorry; that headline isn’t really a New Tone entry. What shall we say, then? ObamaCare will crush 800,000 jobs into nonexistence? It will give 800,000 jobs a hug that, er, chokes the life out of them. Let’s take a cue from Mom and Dad after the dog disappeared — ObamaCare will send 800,000 to a nice farm where they can run free all day long and chase rabbits.
5:36 pm • 10 February 2011 • 6 notes