Starting almost immediately, Obama has drove down the rate of layoff to all-time lows. A low layoff rate means workers are scarce and so employers compete for them by raising wages. This is what led to the all-time record jump in median incomes in 2015. [Read more...]
Sept 15, 2016. For the last 87 years, since 1929, every time the Democrats took over the presidency, jobs were created faster. And every time the Republicans took over, jobs were created slower. Nine times in a row is no accident. And the difference is huge. Why is that? Let a conservative economist explain. [Read more...]
- Bush left office with the economy losing 10 Million jobs per year. (That was the rate of loss in January (see graph).)
- Obama's Job Stimulus stopped the losses in record time.
- As of 10/7/2012, 5.2 Million private-sector jobs had been added.
A Detroit collapse could have caused a depression like in the 1930s. In June Obama engineered an ultra-fast 10-day assisted bankruptcy. Although hardest hit of any industry, Detroit turned around immediately—and sooner than the rest of the country. Since then the industry has added 671,100 jobs, instead of losing 2 million. [Read more...]
Under Reagan, federal employment increased. Under Obama, federal employment decreased. Federal employment as a fraction of the total population is at an all-time low since the 1930s. [Read more...]
These two views lead to opposite solutions: (1) Federal and local governments should help out. (2) Governments should do nothing but get smaller. So let's take a look and the auto-industry collapse to see what really happened. [Read more...]