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Entries in Economy (181)

Saturday
Jan112014

Innis For Congress - Statement on Today's Jobs Report 

Manchester, NH - Dan Innis, Republican candidate for Congress in NH-CD1, released the following statement today.


"Today's jobs report is yet another disappointing reminder that President Obama and Congresswoman Shea-Porter's big government policies aren't working. In the last two months alone, over a million Americans have given up looking for work. As a small business owner I know that to help create jobs Congress must balance their budget, remove barriers to entrepreneurship and encourage economic growth through free market reforms and fiscal restraint. And as New Hampshire's next Congressman I will help Congress do just that."

Saturday
Jan112014

Testerman For US Senate - Our Economy is Treading Water 

CONCORD, NH - Karen Testerman, Republican candidate for the United States Senate, commented on the recent jobs report for December.

"The Obama-Reid-Shaheen economy is weak," Testerman said.

CNN reports:

"We're going to have a long-term unemployment crisis for a long time," said Heidi Shierholz, economist with the Economic Policy Institute. "Even if we did have 200,000 jobs a month, we would need five years to get [to a pre-recession job market -- when unemployment was below 5%," she said.

"We need to grow our economy faster to out-pace those who are wanting to enter the workforce," Testerman said. "That means not increasing regulations or effective tax rates on businesses--where jobs come from--and repealing oppressive regulations and taxes on businesses. A flatter, simpler tax on businesses and individuals would spur real economic growth like many of the years we have had in recent decades, but which Barack Obama and his fellow Democrats have not be able to produce."

Saturday
Nov092013

ALG - 932,000 disappear from labor force in a single month 

6

Nov. 8, 2013, Fairfax, Va.—Americans for Limited Government President Nathan Mehrens today issued the following statement

"I hope that the jobs data reported by the Bureau of Labor Statistics is wrong, because if it is not, almost one million people abandoned the labor force in October.  This is not due to any short-term government shutdown, but a wholesale loss of hope that Americans have a future in the U.S. economic system.  To put this into perspective, there has not been this small of a percentage of people participating in the labor force since 1978. It is hard to imagine a more devastating report on the state of the current economy.

"Almost one million Americans gave up on the American dream.  The implications of this simple fact are unfathomably bad.  Let's hope this report is an aberration, because if it is not, our nation is in even deeper trouble than anyone had imagined."

To view online: http://getliberty.org/932000-disappear-from-labor-force-in-a-single-month/

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Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please visit our website at www.GetLiberty.org.

 

Saturday
Nov092013

ALG's Daily Grind - Are American consumers tapped out?  

6

Nov. 8, 2013

Are American consumers tapped out?
The last three quarters GDP has increased even while personal consumption has slowed down. Consumer spending is usually thought to drive economic growth, not run contrary to it. So what gives?

Cartoon: The crook
Has Obama been telling the truth to the American people?

The report of 2013 United States wildfires is 'greatly exaggerated'
Wildfires in 2013 are down 20% from 2012, and less than half the number and acreage burned than in 2006.

NWITimes.com: Indiana Senate leader working toward U.S. constitutional convention
"The leader of the Indiana Senate has invited lawmakers from every state to join him Dec. 7 at Mount Vernon, George Washington's Virginia home, to discuss the state-led process for crafting amendments to the U.S. Constitution."

Tuesday
Apr092013

LessGovernment - You Can Have a Big Economy, or a Big Government - Not Both

http://bit.ly/ZvFz1d

President Barack Obama has for five-plus years said and done two contradictory things regarding the United States’ economy.

1)  He has repeatedly said that he wants the private sector to recover – and indeed thrive.

2)  He has repeatedly, dramatically grown government – in terms of spending, laws, regulations and taxes.  And rigidly insists that he be allowed to continue to do all of it.

 

But a Big Economy and a Big Government are mutually exclusive.

 

The wasteful federal government creates zero wealth.  Every penny it spends is at the expense of the productive private sector.  The former can only spend what it first takes from the latter – via taxation, or borrowing.

 

The more government taxes and borrows, the more limited the private sector is in its attempts to grow.  And expand the economy, hire people – and pay more taxes.

 

And the more time businesses spend complying with laws and regulations – including learning new ones – the less time they have to try to grow, expand the economy, hire people – and ultimately pay more taxes.

 

The wasteful federal government is draining the productive private sector of operational capital – and drawing its time and attention away from more worthwhile activities.

 

Imagine a tick that – in addition to bleeding the deer – can tell its host where, when and how it can move.

 

And the concern for an activist state continuing its over-activity freezes the private sector in amber – afraid to move, in dread anticipation of the next government anvil to fall.

 

So does President Obama want a Big Economy – or a Big Government?  The answer is best embodied in what he has done to the Internet.

 

Existing law prior to the Obama Administration left the Internet pretty much alone.  As always happens when the government removes itself, the Web has rapidly grown into a free speech-free market Xanadu.

 

Technology Sector Found to Be Growing Faster Than Rest of US Economy

 

Then came President Obama.  Who – despite the legal proscriptions and without any Congressional authority to do so – unilaterally imposed a host of new Web regulations.

 

The biggest being Network Neutrality – which places the government in charge of the entire Internet backbone.

 

Net Neutrality could lead to the loss of 1.5 million private sector jobs.  It will raise the cost for each and every consumer by about $55 a month.  Because it will raise Internet Service Providers (ISPs)’s costs by $20 to $40 billion per year.

 

It is egregiously damaging to continued investment – meaning the Web will slowly decay and deteriorate, rather than continue to rapidly improve and grow.

 

Not satisfied with that destruction, the Administration also imposed data roaming regulations.  Which require the companies who spend the tens of billions of dollars necessary to build their wireless networks to rent them to those that don’t.

 

Which raises a question: Why would any company spend said tens of billions of dollars, when they can just wait around for someone else to do it and then have the government force them to share?

 

Which raises a problem: If everyone is sitting around waiting for everyone else to build said networks, there’s a whole lot of nothing going on.

 

The Administration has done even more to derail the Tech sector – but you get the gist.

 

So too do you get that President Obama much prefers a Big Government to a Big Economy.

 

Because with the Internet, he inherited the latter – and has time and again insisted on imposing upon it the former.