Hard Day's Work.5:31 PM, May 19, 2015 • By JERYL BIER
Disclosure forms filed with the Federal Election Commission by Hillary Clinton provide fascinating details of the remarkable money-making machine that is the once-and-possibly-future first couple. Between January 2014 and the filing of the forms on May 15, 2015 (up to and including a speech by Bill Clinton to the American Institute of Architects the day before the filing), the Clintons made about $30 million, approximately $25 million from speeches alone.
Both of the Clintons have given speeches regularly in the 16-month period covered in the filing with rarely more than a few weeks off in between engagements. Often events are crowded together during a period of several days, sometimes with more than one speech on the same day. On a single day last October, Bill and Hillary delivered a total of four speeches, taking home over $1 million. Those four speeches fell in the middle of a three-day blitz that brought in a total of $1,511,000. (Mrs. Clinton edged out her husband $786,000 to $725,000.)
Now that Hillary Clinton is a declared candidate, she has stopped giving paid speeches. The former president, however, shows no signs of slowing down. Less than two weeks before his wife announced her candidacy, Bill Clinton was paid $765,000 over a two-day period for three speeches:Although the audiences for the Clintons vary widely, the actual content and duration of the speeches is not always revealed. However, a YouTube video of Bill Clinton's recent speech to the American Institute of Architects, apparently recorded by an attendee, shows that the $250,000 fee paid to Mr. Clinton purchased the group a 23 minute speech, an hourly rate of about $652,000.
12:01 AM, Mar 7, 2015 • By IRWIN M. STELZER
Sometimes -- not often, but sometimes -- anecdote is more revealing than data. Especially when the data are subject to major revisions, which is the case with most monthly economic data. This is one of those times. Last week’s jobs report -- 295,00 new nonfarm jobs in February -- was a bit more robust than most experts had expected, and the unemployment rate ticked down from 5.7% to 5.5%.
10:03 AM, Feb 24, 2015 • By JERYL BIER
The same day the White House renewed a push to increase the federal minimum wage, an announcement appeared on the White House blog for the Summer 2015 White House Initiative on Asian Americans and Pacific Islanders [AAPI] Internship Program -- all unpaid positions.
11:07 AM, Jan 19, 2015 • By GEOFFREY NORMAN
The president is proposing more higher education (at the community college level) as a cure for our economic woes. Along with some substantial tax increases, of course. But is more college the answer?
A study finds gov't bureaucracy isn't good at listening to the public.9:10 AM, Oct 23, 2014 • By KEVIN R. KOSAR
The American public often rails about bureaucracy. It is not difficult to fathom why. Who amongst us has not fumed while standing in a long line at an understaffed post office? And how many of us have thrown up our hands in frustration at the complexity of income tax instructions and outsourced the work to an accountant?
8:35 AM, Sep 26, 2014 • By DANIEL HALPER
A new chart from the minority side of the Senate Budget Committee shows a startling fact: Almost 1 in 4 Americans between the ages of 25-54 (or prime working years) are not working.
Here's a chart showing those in that age group currently employed (95.6 million) and those who aren't (28.9 million):
7:20 AM, Sep 12, 2014 • By GEOFFREY NORMAN
The administration continues to advance its arguments about the economy, with the president even tacking on to the end of his somber speech about new military action in the Middle East, a digression about how well things are going with jobs, manufacturing, and etc.
1:09 PM, Jun 6, 2014 • By DANIEL HALPER
Senator Jeff Sessions has released a statement that says, "7 Million People Have Left The Workforce Since The President Took Office." The statement is in response to today's jobs numbers.
"Today’s jobs numbers are only enough to tread even with population growth, maintaining unemployment at 6.3 percent. When you include discouraged workers, the unemployment rate doubles to an alarming 12.2 percent. There are still 3.2 million fewer full-time employed persons than there were in 2007," says Sessions.
4:05 PM, May 8, 2014 • By GEOFFREY NORMAN
The government was spending too much money. And wasting a lot of it. The need to cut back was obvious and pressing. So Congress passed something called the “sequester,” that would force frugality upon the government and oblige Washington, Inc. to endure the kind of downsizing that had been common – and successful – in the private sector.
Not as deft as Carney’s skillet flipping abilities.
7:18 AM, Apr 22, 2014 • By WHITNEY BLAKE
A few months ago when Obamacare was in free fall, many were left scratching their heads when the Democrats were touting stay-at-home motherhood as one of the perks of Obamacare.
12:17 PM, Mar 4, 2014 • By JERYL BIER
Here's a rather harsh assessment of the last four years under the Obama administration's economic policies: