TV News LIES

Wednesday, Jul 23rd

Last update04:39:35 PM GMT

You are here News Editorials Bruce Enberg: It takes a sharp wooden stake

Bruce Enberg: It takes a sharp wooden stake

E-mail Print PDF

wooden stakeThe new unemployment claims reported on last week were at a seven year low, the report for this week is up again close to the moving average, but overall it's not bad news for the economy. We will probably see more people leaving the workforce now that they don't need to stay with the company that provides them health insurance, and this should be reflected in a falling unemployment rate.

Worker mobility should improve from this 'portability' aspect of ObamaCare, and this could result in fewer people being laid off since workers are able leave a company for another job rather than hanging on until the ax falls.

In theory, we should see an upturn in people creating their own business since they don't need to worry about finding health insurance. There is, however, the problem that if a person is a college graduate her or she is likely be carrying a large student debt load and this hampers entrepreneurship. Unless you simply take Mitt Romney's advice and borrow the money from your father to get started,  - it worked great for him.

The more than one trillion dollars in student debt is also overhanging the housing market. It used to be that you could count on college graduates in their twenties to buy houses, but even if you aren't working at Best Buy with your engineering degree you're still screwed. Banks are requiring a mountain of paper work, a large down payment and a cash reserve in the bank. The fact that your student loan would be enough to buy a modest house doesn't really work for you, or for the economy.

More...


Most Recent Related Stories...


AIPAC Is the Only Explanation for America's Morally Bankrupt Israel Policy

AIPACThe official name for Israel's latest assault on Gaza is "Operation Protective Edge." A better name...

Bob Alexander: Where Did All The Dumbasses Come From?

Dumbass awardAfter reading through this morning’s news I had to get away from the computer and go...

Israel: America’s Frankenstein Monster

Israel: America's FrankensteinWith Israeli tanks rolling into the Gaza Strip and Hamas fighters firing dozens of rockets into...

Freedom Whore – Abortion, Shame, and The Right To Deny Me My Rights

Freedom whoreThere are innumerable contradictions and hypocrisies buried in Monday’s all-male, 5-4 Supreme Court decision on the...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!