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Entries in Recession (77)

Tuesday
Sep092014

ALG's Daily Grind - The best social program remains a job 

6

Sept. 8, 2014

Permission to republish original opeds granted.

The best social program remains a job
The recession and the loss of millions of jobs drove 20 million new individuals onto the welfare rolls. The way out is to create new, full-time jobs. The minimum wage is a sideshow.

September's closing argument for election 2014
With a limited calendar, the Democratic Party controlled Senate and the Republican Party controlled House will each be trying to put their best foot forward to justify being returned to office.

Mr. President, what about a campaign-style push to talk up America for a change?
One role of the presidency is to be a cheerleader for the U.S. Imagine if President Obama had done this—instead of an apology tour.

Ferecchio: Budget cuts may have spared key IRS emails
"A top Republican on the House Oversight and Government Reform Committee said he has learned that key lost emails sent by Lerner, a former IRS administrator accused of targeting conservatives, may be preserved somewhere within 760 exchange servers that were supposed to be destroyed two years ago."

Wednesday
Jul232014

NHDP - New Ranking Shows Drop in New Hampshire's Child Well-Being

New Data from 2012 Shows New Hampshire Fell in Rankings As O'Brien Implemented His Anti-Middle Class Agenda
 
Manchester, NH – New rankings released in the annual Annie E. Casey Foundation Kids Count Data Book, which is based on data from 2012, show that New Hampshire dropped from first to fourth place in child well-being amid Bill O'Brien's disastrous speakership that jeopardized New Hampshire’s job growth, and slashed funding for higher education and services for children.
 
While the rankings show that New Hampshire remains in the top five states for overall child well-being, a comparison of the data shows that in 2012, Granite State children were worse off on a variety of measures of economic well-being than they were in 2011.

“The data released today shows, once again, how much disgraced former Speaker Bill O’Brien hurt New Hampshire children and families with his brand of slash-and-burn-politics, and his relentless push for painful and irresponsible budget cuts,” said New Hampshire Democratic Party Chairman Ray Buckley. “As O’Brien tries to reclaim the speakership, New Hampshire is still reeling from the damage he did to middle-class Granite Staters by repealing the state minimum wage, jeopardizing job growth, cutting millions of dollars from public education and childcare programs, and gutting at-risk youth initiatives like the Children in Need of Services program.”
 
“Governor Hassan has worked tirelessly since taking office to reverse failed Speaker O’Brien’s damage and put the Granite State back on the right track by working across the aisle to solve problems and get real results for New Hampshire's children and families," continued Chairman Buckley.

Since taking office, Governor Hassan has prioritized supporting critical initiatives to help New Hampshire children and families. Governor Hassan signed into law the Paycheck Fairness Act, expanded health care coverage for 50,000 New Hampshire children and families, restored the Children in Need of Services program and is working to increase the minimum wage.
 
BACKGROUND

Comparison of 2011 & 2012 Kids County Data Book Child Economic Well-Being: Based on data, New Hampshire dropped from 7th to 12th in child economic well-being between 2011 and 2012 [Kids Count Data Book, 2013, 2014].
 
Speaker O’Brien Repealed the State Minimum Wage in 2011: “Republicans overrode Democratic Gov. John Lynch's veto in June and stripped New Hampshire's minimum wage law from the books […] House Republicans also killed a Democratically sponsored bill that would have raised the wage. Democrats argued the 75 cent proposed hourly increase would put $30 more each week in the pockets of the state's 4,000 lowest-paid workers, money that would be spent boosting the economy.” [AP, January 28, 2013]
 
O’Brien 2011-2012 Budget Cut Child-Care Services: “The budget would cut $115 million from hospital reimbursements and would reduce funding for dozens of programs including domestic violence prevention, child-care subsidies, ServiceLink resource centers and community health centers.” [Concord Monitor, April 1, 2011]

Major Layoffs, Record Budget Cuts Due to O’Brien 2011-2012 Budget: “Hospitals lost more than $115 million and laid off more than 1,000 staffers. The state university system endured record budget cuts and saw its coffers trimmed by 45 percent. As a result, 200 employees in public higher education lost their jobs. The Department of Transportation faced a 13 percent cut and also cut its workforce. Other agencies facing cuts are New Hampshire Legal Assistance and the state’s Division of Family Assistance.” [NPR State Impact, December 30, 2011]

O’Brien 2011-2012 Budget Cut the Children in Need of Services Program: “ […] many programs were cut in the last budget cycle, including Children in Need of Services and aid to higher education.” (Manchester Union-LeaderFebruary 6, 2013) [The CHINS program helps children with drug and behavioral problems, reduces incarceration, provides job placement assistance, and overall become productive members of society]

Failed Speaker O’Brien’s 2014 Comeback: While voted out in 2012, the former Speaker is staging a comeback to reclaim the speakership and doubling-down on his ultra-conservative agenda. On last week’s WMUR CloseUP when asked about his divisive profile, O’Brien responded unapologetically, “I stood up and said the things that needed to be said.” [WMUR CloseUP, July 20, 2014]
Wednesday
Jul162014

ALG's Daily Grind - Are we due for another recession? 

6

July 14, 2014

Permission to republish original opeds granted.

Are we due for another recession?
To get back to the Fed's original low-end prediction for 2.8 percent growth for the year — since we actually shrank at 2.9 percent in the first quarter — the economy will need to grow an average of 4.7 percent each quarter for the next three quarters. Good luck with that.

Time for new thinking on ag subsidy fight
The obvious response to agricultural subsidies — get rid of them — sounds right to the ear, but in practice this approach has run up against a buzz saw from members representing many of the very red states that have formed the core of conservative support in Congress.

Big Green's lethal agenda
The outstanding presentations at this Ninth International Conference on Climate Change clearly demonstrate that activist climate science is increasingly devoid of evidence, increasingly removed from the scientific method – and yet is increasingly being used to devise, justify and impose policies, laws, and regulations that govern our lives.

Evans-Pritchard: Portugal banking crisis sends tremors through Europe
"A mounting crisis at one of Portugal's biggest banks and signs of a deepening economic slowdown in Europe have sent tremors through financial markets, triggering a sharp fall on European bourses and a flight to safety across the world."

Tuesday
Jun032014

ALG's Daily Grind - Evidence mounts against climate change, Obama acts anyway 

6

June 2, 2014

Permission to republish original opeds granted. 

Evidence mounts against climate change, Obama acts anyway
News has come out that polar bears — a bread and butter fundraising dynamo endangered species for the global warmist crisis machine — may not be in danger at all.   

House votes to defund Obama's internet giveaway
Rep. Sean Duffy's (WI-7) Amendment to CJS Appropriations to Prohibit the Relinquishment of Internet Responsibilities passing the House of Representatives passed the House of Representatives with 229 votes.  

First Amendment Attack Senate Hearing scheduled
As reported on NetRightDaily.com, 41 Senate Democrats have signed onto a proposed Constitutional Amendment that guts the right to political speech in America. Now, the Democratic Party controlled Senate Judiciary Committee is trying to railroad this partisan attack on the most basic of individual freedoms with a hearing scheduled for Tuesday, June 3. 

Excluding Obamacare, US Economy Contracted By 2% In The First Quarter
One of the perverse effects of Obamacare is because it compels record levels of spending on healthcare, denying dollars to other economic activity. However, this increased healthcare spending  shows up as a positive in the way GDP is compiled.

 

Wednesday
Jan082014

ALG - Six Senate Republicans vote to expand unemployment benefits 

6

Jan. 7, 2014, Fairfax, Va.—Americans for Limited Government President Nathan Mehrens today issued the following statement condemning Senate action to extend unemployment benefits by $6.4 billion for 3 months, including the votes of six Republican senators, Kelly Ayotte (N.H.), Lisa Murkowski (Alaska), Susan Collins (Maine), Bob Portman (Ohio), Dean Heller (Nev.), and Dan Coats (Ind.) who helped Democrats get to the 60 votes necessary to invoke cloture:

"These six Senate Republicans that voted with Democrats to extend unemployment benefits are doing nothing to lift the economy out of its continued doldrums, and are only feeding the Obama Administration's class warfare agenda. Instead of treating the symptoms, it is time to begin undoing the policies that are really holding the economy back and preventing people from finding work.

"It has been six years since the financial crisis and the recession that followed, and yet here we are still acting as if it is 2008. In total unemployment benefits have been extended 11 times since 2008. Meanwhile, the government has done nothing to get out of the way of the economy and let it grow.

"Instead, Washington, D.C. has piled on an excess of regulations via the EPA's carbon endangerment finding, new industry takeovers via Obamacare and Dodd-Frank, and a diversion of investment resources away from the private sector to government bonds by running such high deficits."

To view online: http://getliberty.org/six-senate-republicans-vote-to-expand-unemployment-benefits/

 

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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.