jobs Archive

Economy Faces a Jolt as Benefit Checks Run Out

When there is a lack of aggregate demand due to high ‘savings desires’ as the unemployed take jobs when benefits expire, it just means someone else loses a job, and then some, as govt deficit spending falls as well, further reducing aggregate demand. It also serves to drive down wages, as per ...Read More

Obama Responsible for Poor Jobs Picture: Bachmann

Couldn’t agree more, but for different reasons. (feel free to repost) Comments below: Obama Responsible for Poor Jobs Picture: Bachmann By Jeff Cox July 8 (CNBC) — The dismal state of employment offers more proof that President Obama’s economic plan isn’t working, Republican presidential candidate Michele Bachmann told CNBC. Agreed! Speaking just ...Read More

Obama Weighs Spending to Stem Job Cuts Without Second Stimulus

[Skip to the end] This does not do much for ‘jobs’ but it is pretty good for financial markets. Low wages, high productivity growth and a bit of top line growth makes for happy management and investors. And a continuing flow of real wealth from the bottom to the top. Obama Weighs ...Read More