The Census Bureau reported yesterday that the United States now has 46.2 million people living below the poverty line—up 2.6 million people since last year. Median household incomes fell below 1997 levels. No wonder the biggest threat to small business is the lack of customers, not taxes or regulations. Last week I told you about […]
This evening President Obama submits his American Jobs Act to Congress. According to a story in The Hill most economists from Moody’s Analytics to the Economic Policy Institute think that the plan, if passed, would add about 2 percent to the GDP growth next year. The big concern Wall Street is voicing is that the
Job tax credits can work Read More »
Finally, a jobs plan that actually helps the largest jobs-producing sector to create jobs—small business. Advocates for small business were thrilled to hear President Obama speak these words last night. Everyone here knows that small businesses are where most new jobs begin….So for everyone who speaks so passionately about making life easier for “job creators,”
Pass this jobs bill Read More »
Over the weekend I was asked to speak at the African American Economic Summit sponsored by the South Carolina NAACP at Claflin University. The topic of my panel was “Factors Driving the Current Economy”. The keynote address was given by Dr. Douglas Woodward, Director of Research at the University of South Carolina’s Moore School of
Once again we are hearing the popular political refrain about small business being crucial to leading us out of the current economic malaise. Yesterday President Obama announced his proposal that he believes will boost rural, small business economic development. According to a Bloomberg report the President’s plan will include: (E)xpanded loan programs run by the Small
Here’s a change—Action instead of talk Read More »
It’s time for business to start creating jobs says Joe Nocera in his opinion editorial in the New York Times today. He’s not talking about small business. We’d love to start hiring again to meet incremental consumer demand but there is no access to capital for us. Nocera is talking about BIG BUSINESS. The companies
Big business heal thyself (before it’s too late) Read More »
With all the national attention being focused on the nation’s lack of jobs and deficit reduction, this week two Illinois U.S. House members put forward their plans to help the country. Both have some great ideas. Yesterday, Representative Mike Quigley released his 60-step blueprint he hopes the new Congressional deficit reduction Supercommittee will follow. His
Illinois Dems weigh in on job creation and deficit reduction Read More »
This past Friday President Obama challenged business and industry to hire and train 100,000 unemployed veterans or their spouses before 2014. The President pointed out that there are one million unemployed veterans today with a 13.3% jobless rate for post 9/11 veterans. To move the challenge along, the President has proposed the following tax credits:
If you’re breathing a sigh of relief with the new jobs numbers showing employment rose 117,000 and unemployment dipping to 9.1%, forget it. All of the good in these numbers came before the debt ceiling deal was inked. As I’ve explained before, all the initial deficit reduction, about $1 trillion, will come out of reduced
Jobless benefits equate to your job Read More »
Below is a statement on the debt ceiling deal from Citizens for Tax Justice released 8-2-11.—————————————————————————————————- President Obama Breaks His Promise on Taxes Again The so-called “Budget Control Act” that President Obama signed into law today to increase the federal debt ceiling and reduce the federal budget deficit marks the second time the Obama administration has
