Labor

Yesterday we pointed out that, in a somewhat shockingly frank interview with on ABC's "This Week", Senate Majority Leader Chuck Schumer said that Democrats, not Russia, were to blame for Hillary Clinton’s loss to President Trump.

"When you lose to somebody who has 40 percent popularity, you don’t blame other things - [James] Comey, Russia - you blame yourself."

 

"So what did we do wrong? People didn’t know what we stood for, just that we were against Trump. And still believe that."

Authored by Mike Shedlock via MishTalk.com,

Illinois, Alabama, Connecticut, Michigan, Mississippi, New Mexico, Ohio, and Wyoming are the only states that still have not regained employment lost during the Great Recession or prior recessions.

The Wall Street Journal comments These Eight States Still Haven’t Regained All Their Lost Jobs.

Bill Polacek runs a manufacturing company in Western Pennsylvania. Even though a glut in new construction projects has dried up work for tradesmen, Polacek said he struggled to find qualified welders a few years back when he had a large number of jobs to fill. Polacek interviewed 350 people to fill openings for 50 welders and machinists at his Johnstown, Pennsylvania-based manufacturing company. But he quickly found the number of qualified candidates dwindling to the point where the number of open jobs was higher than the applicants qualified to fill them. The reason?

We spend a lot of time talking about the public pension crisis because, well, it's a massive $5 - $8 trillion dollar overhang on the economy and one which will undoubtedly result in some heartache for investors at some point in the future.  Unfortunately, there are some problems that are too large for even U.S. taxpayers to fix and, with an underfunding of $52,000 (mid-point) per household, somehow we suspect this is one of them. 

Authored by Mike Krieger via Liberty Blitzkrieg blog,