Senate passes postal service bill
The Senate passed S. 1789, the bill generally reported to be aimed at "saving" or "fixing" the postal service, by a vote of 62-37 Wednesday. Less widely reported were the origins of the postal service's problems in a crisis manufactured by Congress an...
Five companies stockpiled nearly $60 billion while cutting 64,000 jobs worldwide from 2007 to 2011
(Paywatch)
One frequently cited rationale for corporate tax breaks is that companies will use the extra money to create jobs. They'd love to create jobs, we're told, if only they could afford to do so, and one more tax break will make that possible. ...
New Jersey Gov. Chris Christie pretends $1.57 billion in corporate tax breaks is a jobs program
$1.57 billion in tax breaks to businesses,
pension and benefit cuts for public workers
(Reuters/Jonathan Ernst)
Under Gov. Chris Christie, New Jersey supposedly can't afford to pay its public workers the pensions they worked for and contributed to wh...
Animation: Mitt’s got a funny story! (actual audio)
After the cut: a transcript of Mr. Romney's remarks.
Paul Ryan budget would kill millions of jobs
Rep. Paul Ryan has a jobs creation plan:
Wheelbarrow drivers to carry the extra cash his
budget proposal would give to the already wealthy.
While House Budget Committee Chairman Paul Ryan's proposed budget is going absolutely nowhere in its intact fo...
Scott Walker’s Wisconsin loses jobs while employment rises in neighboring states
(Economic Policy Institute)
Wisconsin Gov. Scott Walker has claimed to have a "laser focus" on jobs. He has failed spectacularly, as you can see in the graph above comparing employment change in six Midwestern states, with Wisconsin lagging dramatica...
Stronger economy. More job growth. And Mitt Romney refuses to comment.
Mitt Romney won't let reality take him off message (Jessica Rinahldi/Reuters)
So Mitt Romney gives a speech about how President Obama's economic policies suck and how his experience with leveraged buyouts at Bain Capital means that he would do...
Jobs report: 227,000 jobs created in February, unemployment rate unchanged at 8.3%
The Bureau of Labor Statistics reports that the private sector generated 233,000 jobs in February, with 227,000 total jobs created as the public sector, led by the federal government, lost 6,000 jobs—an improvement over 2011, when an average of 22,00...
Average weekly hours rise hints at more jobs to come, but new hires at entry level getting paid less
Heidi Shierholz at the Economic Policy Institute spotlighted some additional positive news for the future of the nation's still rough labor situation Thursday. In short, average weekly work hours are approaching where they were when the Great Recessio...
Pundit retraining
(Click to inflate the cartoon's ego.)
I realize "creative destruction" happens when technology changes, and to some extent it's inevitable and good. (The kind of destruction Romney practiced at Bain: not so good.) But some people become cheerlea...
