Category Archives: Unemployment

The Late, Great Middle Class

It’s never been harder to find a decent job making something real.

by Victor Davis Hanson // National Review Online 

The American middle class, like the American economy in general, is ailing. Labor-force participation has hit a 35-year low.Destitute_man_vacant_store

Median household income is lower than it was five years ago. Only the top 5 percent of households have seen their incomes rise under President Obama.

Commuters are paying more than twice as much for gas as they were in 2008. Federal payouts for food stamps, unemployment insurance, and disability insurance have reached unprecedented levels.

Meanwhile, the country is still running near-record budget deficits and is burdened by $17 trillion in aggregate debt. Yet the stock market is soaring.

How can we make sense of all this contradictory nonsense? Irony.

Obama promised to restore the middle class. In truth, Read more →

Zero Jobs 101: The Psychology of Alienating Employers

by Victor Davis Hanson

PJ Media

There Is No There There

Zero jobs last month — a net change of zero job growth? It was just announced that last month’s unemployment is still above 9% — despite the nearly five trillion dollars in Keynesian pump-priming, the near zero interest rates, the expanded unemployment and food stamp support, and the government takeovers and subsidies of businesses. Read more →

The Great Obama Catharsis

by Victor Davis Hanson

PJ Media

Barack Obama has done the United States a great, though unforeseen, favor. He has brought to light, as no one else could, many of the pernicious assumptions of our culture from the last half-century. Read more →

The Old ‘Not Enough’ Excuse

by Victor Davis Hanson

Tribune Media Services

To newly inaugurated Barack Obama and his prime-the-pump technocrats, the logic seemed so simple. America’s problem was a struggling economy. The solution was to spread around even more borrowed government money. The result would be a return to prosperity. Read more →