This 1950s cartoon shows how the middle-income consumer became the ‘dominant economic personality’ of the mid-century United States. H/T Instapundit
Are you a college graduate fed up with the uncertainty and stress of the job hunt? Have you been sitting in Starbucks for days, sipping lattes and hopelessly sending out job application after job application? You’re certainly not alone. There are 11.7 million unemployed people struggling to find a job in America. Prof. Carrie Kerekes presents three reasons finding a job in today’s market is so difficult: a mismatch of skills, government regulations and uncertainty in the market.
Pundit Dick Morris says the euphoric stock market bubble is destined to burst owing to the underlying drag in the economy, including stagnant property values and sluggish job creation. He warns to beware of an iceberg ahead.
Imagine if George W. Bush was presiding over 89 million able-bodied, working-age Americans who were not working, what would the media be saying? The U6 unemployment rate (the government’s most accurate measurement of joblessness) now stands at 14.3%. Would the media quote the lower but far less accurate, and far more favorable rate of 7.7% and declare that “things are improving?” What if the Labor Force Participation Rate was the lowest for men since 1948 — when record-keeping first began? Would the media trumpet a “recovery?” Never in a million years.
Reason TV’s Nick Gillespie identifies three arguments why President Obama ought to approve the 1,700-mile Keystone XL pipeline, bringing oil from Alberta, Canada, to refineries along the Gulf of Mexico. The reasons: 1. The oil isn’t going to stay buried. 2. The pipeline isn’t a disaster waiting to happen. 3. It will create jobs and help improve the economy.
Washington Rep. Cathy McMorris Rodgers, one of the highest ranking Republican women in Congress, says President Obama’s State of the Union speech failed to address two of the most troubling problems facing the nation –how can we create more jobs and control runaway federal spending. She says the President also seemed closed to the idea of negotiating bi-partisan solutions, but she remains hopeful that immigration reform can perhaps be achieved over the next four years. H/T Wall Street Journal
This just in…Happy couples everywhere will celebrate their love on Valentine’s Day. “Except for Chris Matthews,” says Jodi Miller. “He’s still waiting for his box of candy from President Obama.” In this edition of NewsBusted, she also takes stock of John Kerry as Secretary of State and notes the President’s Job Council appears to have been laid off.
President Obama at one point blamed high unemployment levels on technology such as ATMs. Considering that the first ATM was installed in the late 1950s, it has taken a while for the ATMs to completely take over the work force. PolitiZoid pictures what a society run by ATM machines would look like.
What’s the connection between Jesse Jackson, Jr., dwarves and pornography? Find out on the Week in Blogs as Stephen Green shows you footage of Michigan union thugs beating a Fox News Contributor, in addition to the truth behind President Obama’s job creation numbers.