12:36 PM, Oct 25, 2014 • By GEOFFREY NORMAN
Hillary Clinton, doing her no-bull, forceful leader number, tells an audience:
Don't let anybody tell you that it's corporations and businesses that create jobs.
The aggressive tone and inelegant phrasing are meant, one supposes, to convey authenticity, which has never been Mrs. Clinton’s strength as a campaigner. No news there.
But what of the content – such as it is – of the remark? Mrs. Clinton could be forgiven for thinking that corporations and businesses exist solely to provide big paydays for politically connected guest speakers. But then, who does create jobs in the Clinton universe? If, that is, any jobs are being created.
Well, maybe she should look to Texas. Where, as this AEI report shows:
1.32 million new jobs [have been] added since the start of the Great Recession, compared to a net deficit of almost one million jobs for the other 49 states combined … The country, the president, and all of us individually owe a huge debt of gratitude to the state of Texas and to the oil and gas industry for helping support the US economy during and after the Great Recession. Without the energy-driven economic stimulus from the fracking revolution, and without the gusher of jobs in the state of Texas, there’s no question that the Great Recession would have been much worse and lasted much longer, and the jobs picture today would be much bleaker.
But don’t let anyone tell you so.
Treasury’s regulatory non-solution makes a legislative fix much more difficult to achieve.3:01 PM, Oct 21, 2014 • By IKE BRANNON
Amidst the cliched rhetoric decrying “unpatriotic” companies that accompanied the Obama administration’s recent move to address corporate inversions, it was easy to miss the fact that there is relatively little of substance that can be remedied via regulation alone, even with Treasury Secretary Jacob Lew stretching the limits of executive power.
8:40 AM, Oct 21, 2014 • By JERYL BIER
President Obama and First Lady Michelle Obama have made increasing the federal minimum wage one of their marquee issues during campaign appearances leading up to the 2014 elections. After pushing for an increase to $9.00/hour up through 2013, the president moved the bar up to $10.10/hour in his 2014 State of the Union Address.
5:47 PM, Oct 6, 2014 • By DANIEL HALPER
A Nevada man complained to Vice President Joe Biden that it's hard for small businesses to operate these days:
"It's real hard for the small businesses," said the Nevada man. "It's not so easy."
He added, "Right now it's very hard for a small business to make it--and everybody."
"Yeah," said Biden, seemingly in agreement.
"It is very hard," the man said.
The vice president is in Las Vegas, Nevada today.
1:08 PM, Sep 2, 2014 • By GEOFFREY NORMAN
The former constituents who returned Eric Cantor to the private sector have reason to think, He is who we thought he was. As Mario Trujillo of The Hill reports:
8:06 AM, Jul 29, 2014 • By JEFFREY H. ANDERSON
Publicly, President Obama loves to demonize insurance companies. But behind the scenes, Big Government and Big Insurance maintain a cozy alliance that the Obama administration actively nourishes, often at taxpayer expense. Indeed, as emails recently obtained by the House Oversight Committee show, Big Government and Big Insurance have worked together to promote Obamacare. They’ve also worked together to make sure taxpayers will help bail out insurance companies who lose money selling insurance under Obamacare — that is, unless Republicans stop this from happening. Moreover, Obama senior advisor Valerie Jarrett is among the prominent White House officials who’ve been in the middle of this collaboration between insurers and the administration — between those driven by the profit motive and those driven by the power motive.
12:00 AM, May 17, 2014 • By IRWIN M. STELZER
Pfizer is an American pharmaceutical company that makes Viagra to increase many men’s sexual activity, and Lipitor to prevent strokes and heart attacks (my lay language, not the more precise Pfizer claims). AstraZeneca is a British pharmaceutical company that makes cancer and other drugs. Pfizer says AstraZeneca faces “difficult challenges” because patents on many of its drugs will expire soon and offers to be helpful by buying the company for $106 billion (£63 billion).
'Business deaths now exceed business births for the first time' in decades.
7:28 AM, May 8, 2014 • By WHITNEY BLAKE
A new Brookings Institution report indicates that businesses are shuttering their doors more quickly than new ones are popping up.
9:01 AM, Apr 2, 2014 • By DANIEL HALPER
A new study by American Health Policy Institute finds that the president's signature legislation, Obamacare, will cost large employers "$4,800 to $5,900 per employee." The study, called “
12:01 PM, Mar 30, 2014 • By GEOFFREY NORMAN
His promising career in politics having come to an inglorious – and no doubt temporary – end, Anthony Weiner has turned to punditry.
10:48 AM, Oct 8, 2013 • By DANIEL HALPER
Last night, Jon Stewart asked Health and Human Services Secretary Kathleen Sebelius a simple question: Why was business given the opportunity to delay Obamacare, but individuals were not?
1:18 PM, Oct 7, 2013 • By GEOFFREY NORMAN
Northern New England is in its glory; now and for the next week or so. The leaves are nearing peak color and until yesterday, there has been a big high pressure zone parked over the area so the weather has been what would once have been described as "heavenly." It has been raining now but in a few days, the sun will shine again and the leaves will still be there, in full. And for that, Washington can take no credit.
12:00 AM, Aug 17, 2013 • By IRWIN M. STELZER
The antitrust lawyers I have served as a consultant often have the same complaint: Their clients don’t know when to shut up. This was certainly true of the executives of US Airways and American Airlines as they touted the virtues of their proposed $11 billion merger. US Airways president Scott Kirby reportedly said consolidation allows airlines to raise fees and charge for baggage, and the company’s CEO, Doug Parker spoke of the virtues of “rationalization,” which antitrust enforcers have always taken to mean higher prices and consumer harm. Now that the Justice Department has decided to sue to stop the merger, the airlines’ lawyers say these comments are taken out of context.