Last week there were two very divergent estimates of the number of new jobs created in August. The most widely reported number came from the Bureau of Labor Statistics that estimated 96,000new jobs. ADP National Employment Report reported that 201,000 new jobs were created. Quite a large discrepancy and which one should we believe? Friday […]
How many jobs were REALLY created in August? Read More »
On CNN’s “State of the Nation” yesterday, South Carolina Senator Lindsey Graham set aside his self-preservation tack to the political right to encourage bi-partisan cooperation. The issue was sequestration that will result in $600 billion in automatic cuts to the defense budget over the next 10 years because the Congressional supercommittee failed to reach an agreement
The upcoming crisis in non-defense spending cuts Read More »
Back in early 2010 when many of us were working to pass financial reform in Congress, we were calling for “banks to be banks not gambling houses” (see my op.eds in The Hill and the Pittsburgh Post-Gazette). The great recession largely resulted from bank deregulation in the 1990s that repealed the 1933 Glass-Steagall Act that
Gold that should have never been chased Read More »
Efforts to blame regulations for the economy have been raging for quite a while in Congress and on the campaign trails. Clearly the rhetoric of “job-killing regulations” has been used by partisans to score political points. And just as clearly small businesses, as seen in most polling, have said regulations are not holding them back
Anti-regulation folks have chance to be specific or shut up Read More »
Here is a warning. If you run into Pat Hancock in the Hilton Head Island area of South Carolina, don’t say anything bad about Obamacare–she’ll take your head off. As far as she’s concerned the Prez just sent her a check for $405. That was the amount of the refund her health insurance company sent
Opponents of Obamacare beware–the refund checks are coming Read More »
For years the National Federation of Independent Business has been the darling of the media. The NFIB had successfully sold the story that they represented small businesses. The organization had the money to get in front of the national press and reporters were happy to have an easy “go-to” group on small business issues. All
The U.S. House is scheduled to take their 31stvote on changing, delaying, defunding or terminating Obamacare today. The outcome of today’s repeal vote isn’t in questions because every other vote taken on the issue has passed almost exclusively along party lines. Obamacare opponents in the House will again claim that the healthcare reform is hurting
House voting to keep their healthcare perks Read More »
Yesterday President Obama reiterated his position that he supports extending the Bush-era tax cuts for the lower 98% of all taxpayers for another year. Of course, that also means that he supports allowing those same tax cuts for the top 2% of tax payers to revert back to the Clinton-era levels (you remember the 90’s
Déjà vu all over again…with a bad twist Read More »
Today marks an extraordinary day for American small businesses. The positive measures under the Affordable Care Act that began in 2010 will continue to benefit our small businesses, the engine of America’s economy. The new law has already helped hundreds of thousands of small businesses, many of which are based here in South Carolina, through
Obamacare ruled to be constitutional Read More »
Frank Knapp, Jr., president and CEO of the South Carolina Small Business Chamber of Commerce will testify in Washington, DC at the House Committee for Small Business today at 1 p.m. The hearing is entitled, Regulatory Flexibility Act Compliance: Is EPA Failing Small Business? Mr. Knapp will be representing both the SC Small Business Chamber
SC Small Business Chamber President to Testify in Washington Today Read More »
