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America’s date with Taxmageddon on January 1, 2013. The largest tax increase in U.S. history

Jobs, Unemployment Stuck



Today’s jobs report is a broken record, with the unemployment rate stuck at 8.2 percent. The Department of Labor reports that only 80,000 jobs were added in June—consistent with other data revealing the economy has downshifted from slow to slower. This picture is starkly different from the economy President Obama promised of a strong recovery and millions of “saved or created” jobs a few years ago.

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In 2009, the President promised that his “recovery plan” composed almost entirely of government spending was the only way to stave off rising unemployment. The White House even drafted a chart showing projected unemployment with the economic stimulus plan and without it—to scare lawmakers into voting for it. According to their projections, by now, unemployment should be at 5.5 percent. Instead, of course, it’s 8.2 percent—and has been above 8 percent for 41 straight months. This jobs drought is the result of counterproductive policies, many of which could be reversed immediately. But in the meantime, employers aren’t hiring because they are suffering from prolonged uncertainty, as economists readily admit. More...


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Heritage Foundation Amy Payne -- Bio and Archives

The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973,  mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.


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