Archive for 'Articles'

Rescuing the Lost Generation

Rescuing the Lost Generation

With 25 million unemployed or underemployed Americans, there’s a segment of the population that is generally being ignored: today’s youth.

The unemployment rate in April of this year for 20- to 24-year-olds is 13.2 percent. According to a Pew Research Center study completed in December of 2011, the share of young adults aged 18 to 24 currently employed of 54 percent is the lowest since the government began collecting data in 1948.

And the gap in employment between the young and all ...

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Why We Should Be Talking About Immigration

Why We Should Be Talking About Immigration

The Obama administration has effectively marginalized the Republican Party when it comes to immigration by characterizing Republicans as anti-Latino, which is nonsense. Republicans are simply demanding that the government follow current immigration law, which means that immigrants need to go through the proper steps to become a U.S. citizen – something that immigrants have been doing for more than 150 years.

To curry favor of Hispanic voters, the Obama administration is working to lower the bar to citizenship. Department of Homeland ...

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When It Isn’t Good to be Number One

When It Isn’t Good to be Number One

America loves to be number one. But now we have the dubious distinction of being number one in a category that nobody wants: we have the highest corporate tax rate in the world. The result is that the U.S. tax code continues to drive American employers to outsource jobs overseas.

Since 2001, Japan had levied the highest combined corporate tax rate among the Organization for Economic Cooperation and Development (OECD) countries at 39.5 percent. They recently lowered their rate to 38.01 ...

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Obama Declares War on Coal and Jobs

Obama Declares War on Coal and Jobs

If there was a commodity that brings $16 billion to the American economy through exports and directly and indirectly employs around 1.5 million American workers, this would be a commodity that would naturally be supported by everyone.

That commodity is coal — which is not supported by at least one group: the Obama administration, which has literally declared war on the American coal industry, and the jobs that come with it.

Last week the Obama administration proposed new measures that will ...

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Bernanke Is Addicted to Morphine Economics

Bernanke Is Addicted to Morphine Economics

Last week, Richard Fisher, the president of the Dallas Federal Reserve and a member of the central bank’s policy-making committee, compared Wall Street’s addiction to the Fed’s economic policy as “monetary morphine.”

I coined a version of that term more than three years ago because it aptly describes how the Federal government is handling the economy.

Ben Bernanke, current chairman of the Federal Reserve, is the “morphine dealer” as he continues to promote his “accommodative monetary policies,” which keeps interest rates ...

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