Monday, July 9, 2012

Economy - #4027 - Report: Unemployment Rate Dropped in Every State That Elected GOP Governor in 2010 - Breitbart (2) Strassel: Obama's Imperial Presidency - Wall Street Journal (3) Paul Moreno: A Short History of Congress's Power to Tax Wall Street Journal


Report: Unemployment Rate Dropped In Every StateThat Elected GOP Governor in 2010 - Brietbart - In 2010, influenced by the Tea Party and its focus on fiscal issues, 17 states elected Republican governors. And, according to an analysis, every one of those states saw a drop in their unemployment rates since January of 2011. Furthermore, the average drop in the unemployment rate in these states was 1.35%, compared to the national decline of .9%, which means, according to the analysis, that the job market in these Republican states is improving 50% faster than the national rate. Since January of 2011, here is how much the unemployment rate declined in each of the 17 states that elected Republican governors in 2010, according to the Examiner: Kansas - 6.9% to 6.1% = a decline of 0.8% Maine - 8.0% to 7.4% = a decline of 0.6% Michigan - 10.9% to 8.5% = a decline of 2.4% New Mexico - 7.7% to 6.7% = a decline of 1.0% Oklahoma - 6.2% to 4.8% = a decline of 1.4% Pennsylvania - 8.0% to 7.4% = a decline of 0.6% Tennessee - 9.5% to 7.9% = a decline of 1.6% Wisconsin - 7.7% to 6.8% = a decline of 0.9% Wyoming - 6.3% to 5.2% = a decline of 1.1% Alabama - 9.3% to 7.4% = a decline of 1.9% Georgia - 10.1% to 8.9% = a decline of 1.2% South Carolina - 10.6% to 9.1% = a decline of 1.5% South Dakota - 5.0% to 4.3% = a decline of 0.7% Florida - 10.9% to 8.6% = a decline of 2.3% Nevada - 13.8% to 11.6% = a decline of 2.2% Iowa - 6.1% to 5.1% = a decline of 1.0% Ohio - 9.0% to 7.3% = a decline of 1.7% On the other hand, the unemployment rate in states that elected Democrats in 2010 dropped, on average, as much as the national rate decline and, in some states such as New York, the unemployment rate has risen since January of 2011. This is yet another example of how the so-called “blue state” model is not working.

Strassel: Obama's Imperial Presidency - Wall Street Journal - .......... By contrast, presidents are at their weakest in the realm of domestic policy—subject to checks and balances, co-equal to the other branches. Yet this is where Mr. Obama has granted himself unprecedented power. The health law and the 2009 stimulus package were unique examples of Mr. Obama working with Congress. The more "persistent pattern," Matthew Spalding recently wrote on the Heritage Foundation blog, is "disregard for the powers of the legislative branch in favor of administrative decision making without—and often in spite of—congressional action." Put another way: Mr. Obama proposes, Congress refuses, he does it anyway. For example, Congress refused to pass Mr. Obama's Dream Act, which would provide a path to citizenship for some not here legally. So Mr. Obama passed it himself with an executive order that directs officers to no longer deport certain illegal immigrants. This may be good or humane policy, yet there is no reading of "prosecutorial discretion" that allows for blanket immunity for entire classes of offenders.  Read more..........

Paul Moreno: A Short History of Congress's Power to Tax - Wall Street Journal -In 1935, Secretary of Labor Frances Perkins was fretting about finding a constitutional basis for the Social Security Act. Supreme Court Justice Harlan Fiske Stone advised her, "The taxing power, my dear, the taxing power. You can do anything under the taxing power." Last week, in his ObamaCare opinion, NFIB v. Sebelius, Chief Justice John Roberts gave Congress the same advice—just enact regulatory legislation and tack on a financial penalty, as in failure to comply with the individual insurance mandate. So how did the power to tax under the Constitution become unbounded? The first enumerated power that the Constitution grants to Congress is the "power to lay and collect taxes, duties, imposts, and excises, to pay the debts and provide for the common defense and general welfare of the United States." The text indicates that the taxing power is not plenary, but can be used only for defined ends and objects—since a comma, not a semicolon, separated the clauses on means (taxes) and ends (debts, defense, welfare).  Read more.........

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