The new jobs report shows greater job creation but also greater discouragement and a stagnant 9.6 percent unemployment rate. So will current conditions yield the type of job growth that we need or will very different policies be necessary? Is the Federal Reserve helping or hurting our economy by injecting another $600 billion of new money into the economy? How will the new Republican majority deal with taxes, spending and the Fed? We ask Georgia Rep. Tom Price, chairman of the Republican Study Committee.
Archives for November 5, 2010
Good and Bad News in Job Numbers
The Labor Department reported the creation of 159,000 private sector jobs in October. But the overall unemployment rate remains at 9.6 percent and more people are giving up the search for work. So should we see the glass as half full or half empty? How much of a difference would extending the Bush tax cuts make in spurring job growth? What else should the new Congress pursue? And how much do the huge deficits indirectly impact job creation? We ask Diana Furchtgott-Roth of the Hudson Institute, who served as chief economist at the Department of Labor for President George W. Bush.
What Kind of Cool Am I?
Election Night was a very big night for Republicans around the country. And despite feverish campaigning, President Obama took a ‘shellacking’. The Capitol Steps take a look at what went wrong for the president and his party.
‘Clean Energy’ Would Enrich China
Following the midterm elections, President Obama admitted his ‘cap and trade’ energy legislation was dead for the next two years. Does that mean Obama plans to wait for a second term to try again or will he just have the EPA push through new regulations without the input of Congress? Why would Obama’s proposed shift to new clean energies greatly enrich China and make the U.S. dependent upon Beijing instead of the Middle East? And what would actually be the smartest energy policy moving forward? We ask Robert Bryce, energy expert at the Manhattan Institute.