Are You Now (or Will You Become) One of the 28 Million Unemployed the Administration Missed? The table below displays unemployment rate projections in (1) President Obama’s first budget in February 2009, and (2) President Obama’s current budget, released today.
1. Congressional Budget Office (January 31, 2012) “The unemployment rate would be even higher than it is now had participation in the labor force not declined as much as it has over the past few years….Had that portion of the decline in
Today, the White House spin machine attempted to use a Health Affairs report authored by the economists and actuaries from the Centers for Medicare and Medicaid Services (CMS) to tout the supposed success of the Democrats’ health care law. The
A recent “infographic” released by the White House tries to assign the blame for our massive debt and deficits to former President Bush and Republican Congresses. However, the graphic conveniently omits President Obama’s record and his plans for the fiscal
THEN (January 2009) “Without stimulus” there would be about 134 million jobs in the U.S. by late 2010: Source: Administration’s January 2009 Romer/Bernstein Report. NOW (March 2011) Without stimulus, there would have been 127 million jobs in the U.S. by
Washington Post, “Hidden workforce challenges domestic economic recovery,” March 15, 2011: “Adding These Workers to February’s Jobless Rate Pushes It Up to 10.5 Percent” “Overshadowing the nation’s economic recovery is not only the number of Americans who have lost their
RevenueRaisersOverviewFY12Budget021411
The Economic Policy Institute (EPI), a union-funded organization, has estimated that the cuts contained in the CR would result in a loss of 994,000 jobs. This analysis is based on a highly simplified economic analysis that has repeatedly been demonstrated
Centers for Medicare and Medicaid Services (CMS) Director Dr. Donald Berwick and Chief Actuary Rick Foster testified before the Ways and Means Committee today to provide answers to pressing questions about the trillion dollar health care law. Dr. Berwick, having
THEN (April 4, 2010): Administration officials say growing labor force is “a great sign” Behind the high unemployment rate, “there’s just been a tremendous increase in the labor force,” Christina Romer, chairman of the president’s Council of Economic Advisers, said
In a Department of Justice (DOJ) legal brief in the case of the “State of Florida v. The Department of Health and Human Services,” the Obama Administration argues the individual mandate (requiring Americans to buy a government-approved insurance plan even
For the last two years, Washington has ignored the plight of the American people and job creators. Instead, a Democratic-led Congress saddled them with policies that fostered uncertainty and eliminated jobs. Democrats’ continued pursuit of misguided economic policies and reckless