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Entries in Recession (79)

Wednesday
Jan212015

NHDP - New Hampshire Republicans More Out of Touch on the Minimum Wage than Mitt “47%” Romney 

Concord, N.H. – Even Mitt Romney, who infamously said, “I'm not concerned about the very poor,” and "my job is not to worry about [47% of the American people],” now claims that he supports raising the minimum wage.
 
Yet despite the overwhelming support from Granite Staters for raising the state’s minimum wage, New Hampshire Republican leaders continue to oppose efforts to strengthen wages for tens of thousands of hard-working people.
 
“It is beyond belief that New Hampshire Republican leaders could be more out of touch on the minimum wage than even Mitt ‘47%’ Romney,” said New Hampshire Democratic Party Chair Ray Buckley. “It is long past time for Republican leaders to listen to the voices of the people of New Hampshire and finally join with Governor Hassan and Democrats in the legislature to strengthen wages and move our economy forward.”
 
BACKGROUND
 
Granite Staters Overwhelmingly Support Raising the Minimum Wage
76% of Granite Staters support raising New Hampshire’s minimum wage – including majorities of Democrats, Republicans and independents. [WMUR Granite State Poll]
 
Senator Bradley Uses Debunked Claims About Minimum Wage; Data Shows 2014 Job Creation Grew Faster in States that Raised the Minimum Wage
Following Governor Hassan’s call to finally raise the minimum wage in her Inaugural Address, Senator Jeb Bradley cited debunked Republican talking points, calling the minimum wage “a job-killer.” However, the Center for Economic and Policy Research (CEPR) found that job creation in 2014 was faster in the 13 states that had increased their minimum wage on January 1, 2014 compared with those that had not. Another study from the Institute for Research on Labor and Employment found “strong earnings effects and no employment effects of minimum wage increases.”

Saturday
Jan102015

ALG - Tepid job growth and labor force exodus in December 

6

Jan. 9, 2015, Fairfax, Va.—Americans for Limited Government Vice President of Public Policy and Communications Rick Manning today issued the following statement in response to the latest job numbers:

 

"Only 111,000 more Americans were employed in December than the month before, while 456,000 people abandoned the workforce entirely.  That is how the unemployment rate dropped to 5.6 percent in spite of extremely disappointing job growth numbers.  

 

"Astonishingly, the workforce dropouts were entirely women, with the number of men in the workforce actually increasing slightly.

 

"The sad reality is that this is the ultimate Obama new normal report, fewer new people employed than needed for healthy economic growth rates combined with drops in labor participation across all age groups. 

 

"When coupled with a drop in wages for the average worker, it was hardly a Merry Christmas for Americans who are trying to get ahead in spite of the headwinds created by the President's regulatory policies."

 

View statement online at http://getliberty.org/tepid-job-growth-and-labor-force-exodus-in-december/

 

Interview Availability: Please contact Americans for Limited Government at (202)744-4427 or at media@limitgov.org to arrange an interview with ALG experts including ALG President Nathan Mehrens.

 

 

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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.

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."