A $38.6 billion loan guarantee program that the Obama administration promised would create or save 65,000 jobs has created just a few thousand jobs two years after it began, government records show.
The program — designed to jump-start the nation’s clean technology industry by giving energy companies access to low-cost, government-backed loans — has directly created 3,545 new, permanent jobs after giving out almost half the allocated amount, according to Energy Department tallies.
Friday, September 16, 2011
Thursday, September 15, 2011
Meet Edward Corliss. Why is Edward in the news?
A paroled killer’s “Obama” bumper sticker was the break that helped cops nab the man accused of the cold-blooded murder of a Tedeschi’s convenience store clerk, jurors in Edward Corliss’ murder trial learned yesterday.
“It struck me as odd,” state parole officer Kevin Devlin testified yesterday in Suffolk Superior Court about the campaign sticker plastered on the back of parolee Corliss’ white Plymouth Acclaim.
So this is probably a stupid question but did Edward vote for The One or The Maverick in the last election?
A new report out yesterday found that Ohio public sector workers are paid 43.4 percent more than those in the private sector, when you thrown in wages, benefits (including retirement), and the value of job security.
The report was conducted by two experts from the conservative-leaning American Enterprise Institute for the Ohio Business Roundtable. Ohio voters this fall will decide whether to keep or repeal Senate Bill 5, which limits the collective bargaining rights of government workers.
• Ohio public employees receive nearly the same wages as comparable private workers (2.5 percent less)
• Fringe benefits for Ohio public workers are more than twice as generous as those paid in the private‐sector, meaning that when pay and benefits are taken into consideration public workers receive 31.2 percent more in total compensation than private‐sector counterparts.
One of the guys said ".... and those jobs will probably never be back".
After lunch, I thought abut what a pathetic statement that was. Mainly because it just doesn't have to be.
But when you have an administration who seems to think that low level manufacturing plants are oh.... so...... yucky..... kicking out all that pollution and all, is it any surprise we'll never see those jobs for the least among us ever again.
And what more proof do you need than another "unexpected" bad jobs report...........
The number of people applying for unemployment benefits last week jumped to the highest level in three months, a sign that layoffs could be increasing.
The Labor Department says weekly applications rose by 11,000 to a seasonally adjusted 428,000.The week included the Labor Day holiday. Applications typically drop during short work weeks. In this case, applications didn't drop as much as the department expected, so the seasonally adjusted value rose. A Labor spokesman says the total wasn't affected by Hurricane Irene.
I've always called this guy the Junior Achievement president because he's running the country like a JA project. Apparently, he bought the socialism erector set for these kinds of results.
Wednesday, September 14, 2011
Tuesday, September 13, 2011
Last year, 46.2 million Americans lived in poverty--the highest total since record keeping began more than half a century ago, the Census Bureau reported Tuesday.
Thanks to an unemployment rate that averaged 9.6 percent, and anemic economic growth, the share of Americans who lived below the official poverty line rose to 15.1 percent, up from 14.3 percent in 2009. That marks the fourth straight year that the rate has climbed.
We need a refresher course in Job Creation 101 to judge how much, if at all, President Obama's proposed $447 billion program of spending increases and tax cuts might revive America's sputtering job machine.
Recall that the private sector is the main employment engine. Businesses create jobs when two conditions are met. First, extra demand for their products justifies more workers. Second, the extra demand can be satisfied profitably. There are qualifications to these generalizations (startups, for instance), but these are the basics.
As for government, it's less a job creator than a job changer. It supports jobs (soldiers, teachers, scientists) by taxing, borrowing and regulating. If government taxed, borrowed or regulated less, that money would stay with households and businesses, which would spend it on something else and, thereby, create other jobs. Politics determines how much private income we devote to public services.
There's one glaring exception to this. In a slump, government can create jobs by borrowing when the private economy isn't spending. But the effect's temporary and isn't automatic.
Legislation in San Francisco designed to prevent birds from deadly accidents involving high-rise windows has passed a Board of Supervisors committee and will be presented to the full board.
Proponents of the “bird-safe” building standards told the board’s land use committee that clear glass window panes pose a hazard to migratory and local birds because they don’t necessarily recognize that glass is in their flight pattern, resulting in dead or injured birds upon impact.
The proposed legislation would require builders to install treated windows on any new construction determined to pose a great risk to birds.