Get a Job! Free market ideas for reducing unemployment.
Reason › Vol. 43 Nbr. 6, November 2011
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Get a Job! Free market ideas for reducing unemployment.
THIS SUMMER, faced with a persistent unemployment rate of around 9 percent, labor-force participation lower than at any time since 1983, and a pessimistic public deeply dissatisfied with its elected leaders, President Barack Obama "pivoted" away from a divisive debt ceiling debate toward the subject of jobs. "I ... won't stop," the president vowed in his weekly radio address of Aug. 13, "until every American who wants a job can find one." In Michigan, where the unemployment rate is 10.5 percent, Obama proclaimed, "We know that there are things that we can do right now that will support job growth." Things like building roads, extending unemployment benefits, cutting payroll taxes, and investing in clean energy.
[ILLUSTRATION OMITTED] The press and Obama's fellow Democrats echoed the president's concern. "A political system that responded rationally to the country's problems would be concentrating on creating jobs," The New Yorker's John Cassidy complained. Rep. Nancy Pelosi (D-Calif.) accused Republicans of having "passed bills that would destroy up to 2 million jobs--nearly 10,000 jobs per day" si...See the full content of this document
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