President Obama went to Toledo, Ohio, last Friday to boast about his "economic recovery," but didn't say a word about that morning's grim unemployment report showing only 54,000 jobs created in May.
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Wednesday's job report from ADP showed that private employers added only 38,000 in May. Home sales have continued to lag, GDP has been revised sharply downward, and inflation has taken a larger bite out of corporate and family budgets. We told you so.
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The federal government has gone on an unprecedented spending spree since 2009, with the number of employees in the federal workforce going over over 2 million jobs.
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A few years back I had a conversation with an exchange student from Colombia who was
working as a busboy to earn some spending money. He spoke English fluently – an aberration
in Los Angeles – and I asked him what he thought was the most surprising thing about America.
He said “How hard everyone works.”
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It's becoming clearer that the "public service" mentality is quickly slipping way from government employees, if it didn't hit the exits a long time ago.
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When Wisconsin Democrats fled the state in order to avoid voting on splendiferous public sector union contracts, did they happen to notice that the rest of the country is in the midst of a massive recession?
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For Democrats, the purpose of government is to generously provide jobs for people who otherwise couldn't be hired -- because their skills, attitude or sense of entitlement are considered undesirable in the private sector. And no, I'm not just talking about Barack Obama.
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Facing a growing tide of opposition over the skyrocketing costs of government employee pension plans, unions in Wisconsin are striking back with underhanded tactics.
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A few years ago, I was in China and, through the help of a friend, had the chance to spend a few hours with a senior editor of the People's Daily, the Communist Party's voice, and the most influential journal in China.
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Top CEO business women Carla Fiorina and Meg Whitman both crashed and burned in last week’s midterm elections—Fiorina running for a Senate seat in California and Whitman for the governorship of the same state. What happened? And more broadly, why do stars in the business world so often have difficulty getting elected?
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