Now that the politicians have delivered an anti-debt deal that adds an estimated $8 trillion to the current $14.5 trillion federal debt over the next 10 years, President Obama is getting ready to head off on a pro-jobs bus tour of the Midwest.
With more than 2.5 million additional Americans without jobs since he moved into the White House, President Obama would do better on jobs if he cancelled the bus, saved the gas, and just stayed put in the Oval Office to work on reversing the policies he’s promoted that have only made things worse, starting with ObamaCare.
Freshman in Economics-101 learn that price hikes reduce demand. That applies to how many steaks we buy and to how many workers are added to payrolls by employers.
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Professor Ralph R. Reiland (photo)