The interventionist federal policies this country is being forced to endure are proven ineffective yet again. From the Washington Post, on the unemployment rate, which is now at a 26-year high.
Employers kept slashing jobs at a furious pace in June as the unemployment rate edged ever closer to double-digit levels, undermining signs of progress in the economy, and making clear that the job market remains in terrible shape.
Bad economic news is no surprise to JLF’s Roy Cordato. It is just sad for America’s economic future.
Meantime, right here in North Carolina, the governor and legislators are planning to hike taxes — the very worst policy they could enact during a recession. JLF’s Joe Coletti explains what it will take to get the country moving again.
