Where has all of America’s labor gone? Following the announcement that the economy added no new jobs in the month of August, President Obama’s Labor Day politicking with GM workers in Detroit was an opportunity for the President to display his grasp of basic economics. And as usual, he failed miserably, blaming America’s economic stagnation on congressional Republican obstructionism.
Usually when U.S. citizens argue in favor of downsizing the military budget, they are treated as anti-American by neoconservatives and other "hawks." When presidential contender Ron Paul advocates bringing the troops home and reducing federal military spending, he is called an isolationist. But what can critics say of a military general who makes such assertions?
President Obama sent a letter to House Speaker John Boehner (R-Ohio) Tuesday detailing seven new regulations that would each cost the U.S. economy more than $1 billion annually. With regulatory costs for American businesses of at least $38 billion per year and compliance costs of $100 billion per year, the seven proposed regulations would target transportation and the environment.