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The Paul family's partial truth about the Federal Reserve [Opinion: The Arena]
The father and son Paul duo, Ron and Rand, have been pointing to the Federal Reserve's low interest rates, primarily under the Bush administration, as the primary factor in creating the housing bubble. If we do some root cause analysis on this, we find that the Fed's low interest rates were a contributing factor, but they were not the only contributing factor, and they were also not even the primary factor.
Louisville news: Occupy ear X-tacy one last time edition [News]
- “In Kentucky, the jobless rate dipped to 9.6 percent in October. The Kentucky Education and Workforce Development Cabinet says the state’s October figure fell from 9.7 percent the previous month and 10.2 percent for October 2010.” [Courier-Journal]
- “The federal government signed off on a revised plan for the Ohio River Bridges Project la
What McConnell WILL tell you about unemployment [The Arena]
Here in The Arena, we like to give our readers a chance to hear both sides of public policy issues. Brother Keith Rouda just finished giving us an interesting series of articles about “What McConnell won’t tell you about unemployment,” in which he attempts to put a bit of lipstick on President Obama’s pig of an economy. With detailed charts and some snarky hyperbole, Rouda characterizes Senator Mitch McConnell’s “…utter lack of concern for the unemployed,” and opines that “Their suffering does not keep Senator McConnell awak
What McConnell won't tell you about unemployment: Part 3 - Government does create jobs [The Arena]
Mitch McConnell talks about the lack of improvement in unemployment as if he had no role in it. But the reality is that despite his claims that uncertainty and regulation are preventing employers from hiring, the private sector has, slowly, started hiring. It is the collapse of local government that has kept the unemployment rate up.
What McConnell won't tell you about unemployment: Part 2 - Who's unemployed [The Arena]
One thing that needs to be noted, and which makes it easier to understand McConnell's utter lack of concern for the unemployed, is that unemployment has not been distributed equally throughout the economy. The unemployed didn't vote Republican even before they were unemployed.
What McConnell won't tell you about unemployment: Part 1 - The numbers [The Arena]
Mitch McConnell said this week that America has lost 1.5 million jobs since the first stimulus bill was passed. That is not true.
A little over a month ago, this nation began a long overdue discussion about jobs and the crisis of unemployment for the first time in over two years. But since we have to have this discussion with people with no aversion to just making stuff up, we would be wise to bone up. Some stuff has changed in the last two and a half years.
Lets start with how many people are working now compared to when President Obama was inaugurated.
Mitch McConnell is a Domestic Terrorist [The Arena]
It is time to stop pussyfooting around and call it like it is. Mitch McConnell and his fellow GOP leaders have become domestic terrorists plain and simple.
True political leaders make the case to the public that they should be in power because they know how to make life better for the people. Domestic terrorists and mafia thugs make the case to the public that they will make life worse for the people unless they are in power.
Louisville news: Unemployment down, taxes up edition [News]
- "In the month of July, Kentucky’s unemployment rate dropped from an awful 9.6 percent to a slightly less awful 9.5 percent. High as it is, this marked the fifth straight month that the unemployment rate dropped — almost a full percent since the start of the year — and the 18th straight month that the number of employed persons rose.
Jobs! Jobs! Jobs! [The Arena]
Thousands of Americans will rally for jobs in some 150 American cities Wednesday, including Louisville, imploring lawmakers to focus on jobs, not cuts. The timing could not be more critical.
Unemployment up in Louisville; 39,111 without jobs [The Arena]
Louisville received some more bad economic news yesterday, from the state’s Workforce Development Cabinet. Unemployment rose in the Metro area from 9.9 percent in May, to 10.3 percent in June. In a local labor force of 379,568, there are 39,111 out of work. And these figures do not even count the folks who have simply given up on the idea of finding a job.
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