Speaker of the House Nancy Pelosi recently said that certain economists have stated that providing government unemployment benefits isthe best way to create jobs because for every unemployment dollar spent, two dollars are generated through purchases of necessities that create demand for products that create jobs.
A little over a year ago, President Obama explained that he could ram his leftist policy agenda through the legislative process for a simple reason. "I won," he quipped at a meeting with congressional lawmakers. This week, the tables turned as the president negotiated a compromise with the GOP on extending the George W. Bush tax cuts for another two years. It's the first sign that Mr. Obama recognizes he lost on Nov. 2.
Last month, citizens across the country sent a strong message to politicians - Republicans and Democrats alike - that they do not want more congressional meddling.
If you are building a fence and you try using a hammer rather than a shovel to dig the postholes, progress will be slow if not nonexistent. The Federal Reserve is supposed to maintain the value of the currency and keep the banking system sound and stable - which it has not done (more on that below). Yet, in 1978, Congress passed the Humphrey-Hawkins Full Employment Act, which, in part, also gave the Fed some explicit responsibility for maintaining full employment but did not provide the tools to do so.
The Supreme Court on Monday agreed to hear an appeal by Wal-Mart Stores Inc. as part of the ongoing largest employment-discrimination case in the nation's history.
President Obama, speaking at a Winston-Salem community college in North Carolina Monday, said a deal was in the works with congressional Republicans to extend income tax cuts first passed under President George W. Bush and predicted that "no ordinary American" would pay more in taxes in 2011.
The U.S. Supreme Court will consider throwing out a massive lawsuit that claims Wal-Mart pays women less than men and promotes women less frequently.
The NFL players' union has advised its members to prepare for a lockout in March, telling players to save their last three game checks this year in case there is no season in 2011.
NFL players might be socking away their paychecks soon to get ready for a lockout that could cost them their entire salary in 2011.
