July 10, 2011

Progressive Unemployment

By Clarice Feldman
The great political philosopher P. J. O'Rourke said, "You can't get rid of poverty by giving people money." If anyone doubted that, the present inhabitant of the White House has proven it by tossing away trillions of dollars on projects that had no lasting effect on eradicating poverty, creating employment, or improving the nation's purse or infrastructure. Indeed, his initiatives have increased unemployment, will continue to do so, and must be reversed if we are ever to get back on track. He has given us all a clear picture of the devastating effect progressive policies have on employment. As the week drew to a close, the President and his advisers surely were gasping at the figures. It is what my friend Rick Ballard calls Wreckovery Summer.  Most especially 9.2 percent unemployment, a figure significantly higher than  what we'd been led to believe, and a figure higher than the  8 percent we were warned we would face if we didn't open the doors of the treasury to...(Read Full Article)