News
Politico | Another disappointing jobs report
The Labor Department on Friday reported that the economy added 113,000 jobs in January while the unemployment rate dropped slightly to 6.6 percent.
Politico | Senate blocks unemployment insurance again
Two separate proposals to restore unemployment benefits for three months failed to garner sufficient Republican support to clear a 60-vote threshold to advance. The bills are part of a broader effort by Democrats and President Barack Obama to address income inequality that will include an attempt in March to raise the federal minimum wage to $10.10 an hour.
Econ Comments & Analysis
Forbes | Here's Proof: the Obama Administration Doesn't Care Whether You Work Or Not
It was mildly surprising when the Congressional Budget Office announced this week that the Affordable Care Act will result in some 2.5 million fewer Americans working than otherwise. What was shocking was that the Obama administration response revealed that the president is simply indifferent to whether you have a job or not. In the new Newspeak, a job equals confinement and unemployment is liberation.
Daily Caller | Obama’s work trap: Create fewer jobs and induce people to work less at those jobs
So let me get this right. Team Obama taxes millionaires who create jobs, while Obamacare creates incentives not to work at those jobs. No wonder recovery is so anemic. The policy here is to create fewer jobs and induce people to work less at those jobs. If my logic is correct, this runs counter to the most basic principles of our economy and our country.
The Fiscal Times | Obamacare Jobs Plan—Tune In, Sign Up, Drop Out
The argument that government subsidies from redistributed wealth is a disincentive to work is hardly new. Conservatives have made that argument that for decades, and it has been a recent component of the debate over whether to keep extending long-term unemployment benefits that originated as an “emergency” measure five years ago in the midst of the Great Recession’s massive job losses. It is, however, novel to see the Barack Obama White House embrace that effect as a feature of its central social-engineering program, the Affordable Care Act. - See more at: http://www.thefiscaltimes.com/Columns/2014/02/06/Obamacare-Jobs-Plan-Turn-Sign-Drop-Out#sthash.ISsV2s0I.dpuf
Blogs
WSJ | Job Growth Was Stronger Last Year After Revisions
Job growth was slightly stronger last year than previously thought, according to annual government revisions, but the overall picture remains one of a lackluster recovery.
