Even under the “high-job-growth” scenario offered by the McKinsey Global Institute (MGI), it will take ten years for the U.S. economy to generate the 21 million new jobs necessary to rehire the current unemployed as well as new entrants to the workforce. And the unemployment rate would still be at 5 percent.

Americans have indicated avid opposition to property rights violations throughout the course of U.S. history, whether those violations take the form of taxation, eminent domain, or “open space” laws. According to one psychologist, that sense of being wronged when one’s property rights are violated may be innate, as property ownership may be a natural-born attribute.

Fueling High PricesOn the day President Obama took office in January of 2009, regular unleaded gasoline was selling nationally at an average price of $1.83 per gallon. The national average price has recently been as high as $3.98 per gallon, according to the American Automobile Association’s Daily Fuel Gauge Report. (The highest recorded average price was set on July 17, 2008, when it hit $4.11 per gallon.) That is not good news for President Obama.

The economy remains the biggest political issue today. In many respects, it is always the most important issue for African Americans. Polling data suggests that on socially conservative issues, African Americans are among the most conservative blocs of voters in America. Gallup polling data suggests that on these socially conservative issues, black America is as conservative as Republicans. Why, then, is black America so much in thrall to socialist statism, which invariably embraces amorality on abortion, adultery, gay marriage, and so on.

Cass SunsteinItem: In the Wall Street Journal for May 26, Cass Sunstein (photo at left), the President’s top regulator, wrote: “A 21st-century regulatory system must promote economic growth, innovation and job creation while also protecting public health and welfare. Earlier this year, President Obama outlined his plan to create such a system by adopting a simpler, smarter and more cost-effective approach to regulation. As a key part of that plan, he called for an unprecedented government-wide review of regulations already on the books so that we can improve or remove those that are out-of-date, unnecessary, excessively burdensome or in conflict with other rules.”

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