Graduates face a big challenge

As they don caps and gowns, endure commencement speeches, and take their diplomas, many high school and college graduates face bleak prospects in an economy that grew a dismal 0.5% the first quarter. The United States added a meager 160,000 new non-farm jobs in April, a paltry 4,000 of them in manufacturing. First quarter 2016 averaged just 203,000 jobs per month. The labor force participation rate remains stuck at an abysmal 63% – meaning 93 million working age Americans are still unemployed. Many who are working hold multiple jobs to make ends meet, while others are toiling at temporary, part-time or [...]

By |2016-05-21T19:52:49+00:00May 21st, 2016|CFACT Insights|9 Comments

Biden “stimulus” anniversary tour avoids Obama’s hand-picked, bankrupt green energy project

In a week of big news stories, few noticed the 7-year anniversary of Obama’s $800 billion American Recovery and Reinvestment Act—signed into law on February 17, 2009. Commonly known as the “Stimulus Bill,” Politico calls it “one of the Administration’s most consequential and least popular initiatives.” In fact, according to Politico, “The package of tax cuts and government spending…became so unpopular that the word ‘stimulus’ disappeared from the Administration’s rhetoric.”  Despite the bill’s reputation, on Wednesday, Vice President Joe Biden embarked on a three-city victory tour to celebrate the anniversary of the act for which he oversaw the implementation.  His first stop was New Orleans. [...]

By |2016-02-22T21:38:21+00:00February 22nd, 2016|CFACT Insights|13 Comments