“Obamanomics has done more than just keep unemployment high during a modest recovery. It may also be keeping high joblessness permanent by raising the costs to businesses of hiring new workers.”
“July’s 9.5% unemployment level was bad enough. But the real problem is that the private-sector jobs machine, which is usually going full tilt at this point in a recovery, now seems to be broken.”
“To many, it’s becoming clear that if President Obama’s radical job-killing agenda stays in place, job growth will be nonexistent.”
“One of America’s great advantages has always been its flexible, private-sector labor markets. From 1985 to 2008, U.S. unemployment averaged 5.6%. For the six largest economies in the European Union, the average rate was 34% higher, at about 7.5%.”
“Yet many of those countries now have jobless rates lower than ours. Why? They’ve been dropping Keynesian stimulus as a strategy and moving more toward cutting spending and, in some cases, cutting taxes.”
Makes me long for those “failed Bush policies” when we all enjoyed better living standards.