US News Summary

YE Economy Jobless Claims

Obamacare Tax Could Cost 286,000 Jobs, Billions in Sales

One of the numerous new taxes created under Obamacare will cost the United States hundreds of thousands of jobs over the next decade, a new report concludes.

The report by the National Federation of Independent Business Research Foundation, a nonprofit association of business owners, found that the Health Insurance Tax in the Affordable Care Act will cause a rise in the cost of employer-sponsored insurance to such an extent that the private sector will be forced to cut employment between 152,000 and 286,000 jobs by 2023.

FEC chair warns that conservative media face regulation–like PACs?

Government officials, reacting to the growing voice of conservative news outlets, especially on the internet, are angling to curtail the media’s exemption from federal election laws governing political organizations, a potentially chilling intervention that the chairman of the Federal Election Commission is vowing to fight.

“I think that there are impulses in the government every day to second guess and look into the editorial decisions of conservative publishers,” warned Federal Election Commission Chairman Lee E. Goodman in an interview.

Yellen Says ‘High Degree’ of Accommodation Still Needed

Federal Reserve Chair Janet Yellen made it clear she believes the economy still requires a strong dose of stimulus five years after the recession ended because unemployment and inflation are well short of the Fed’s goals.

“A high degree of monetary accommodation remains warranted,” Yellen said today in testimony prepared for delivery to the Joint Economic Committee of Congress. “Many Americans who want a job are still unemployed,” and inflation is below the central bank’s 2 percent target, she said.

White House official urges Mideasts talks continue

U.S. President Barack Obama’s national security adviser has opened a visit to Israel by telling leaders that peace with the Palestinians can only be reached through direct negotiations leading to the establishment of an independent Palestinian state.

Susan Rice met with Israel’s president and prime minister on Wednesday, a day before she is to attend talks on the U.S.-Israeli strategic relationship.

Reid whines for the return of ‘earmarks’/pork

Senate Majority Leader Harry Reid said Tuesday that earmarks should be put back on the table as a tool for Congress, becoming the latest voice in a growing chorus to return to the days when pork-barrel spending dominated the annual appropriations process.

“I have been a fan of earmarks since I got here the first day,” Mr. Reid, Nevada Democrat, told reporters. “Keep in mind, that’s what the country has done for more than 200 years, except for the brief period of time in recent years that we haven’t done these.”

Aiming for Credibility, Fairness in Benghazi Committee

Rep. Trey Gowdy said on MSNBC his goals are credibility and fairness for the House select committee investigating the 2012 attack in Benghazi, Libya, that killed four Americans.

Democrats have been critical of House Speaker John Boehner’s decision to form the committee, with some threatening to boycott the group. On Tuesday, House Minority Leader Nancy Pelosi said the panel should be evenly split between Republicans and Democrats.

Rewriting the First Amendment
Chuck Schumer thinks he can improve on James Madison.

A standard liberal talking point about the Tea Party is that its constitutional designs are “extremist.” But you will search in vain for any Tea Party proposal that is anywhere close to as radical as the current drive by mainstream Democrats to rewrite the Bill of Rights.

The Supreme Court’s Citizens United decision allowing unions and corporations to donate to independent political groups has driven liberals to such fits that they now want to amend the First Amendment. At a Senate Rules Committee meeting last week, New York Democrat Chuck Schumer announced a proposal to amend the Constitution to empower government to regulate political speech.

The ugly, unvarnished Obama jobs record

Unemployment dropped lower because workers dropped out

Liberal pundits are gushing over last week’s job report, hoping it will give President Obama and his fellow Democrats the political boost they need to avoid yet another devastating defeat in the midterm elections.

After nearly 5 years of a job-challenged, sluggish economy that all but stopped growing in the past three months, they’re hailing the Labor Department report as the long-awaited antidote to the Democrats’ deepening political troubles.

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