The federal government spent $3.2 million dollars on ads promoting Obamacare in Oregon. The Daily Caller reports that the television advertisements promoting Cover Oregon, the state’s health insurance marketplace, don’t even mention the marketplace.
Today the U.S. Commerce Department announced the nation’s economy expanded at a 2.5 percent annual rate in the second quarter of 2013.
The Hill, Politico and The Wall Street Journal report that members of the Senate Finance Committee could today reveal their outline for comprehensive tax reform.
The U.S. added 175,000 jobs in May, according to the most recent jobs report from the U.S. Bureau of Labor Statistics, up from 149,000 added in April, but still not nearly enough to jumpstart the economy and return to normal levels of growth.
This week news broke that the economic growth figures from the fourth-quarter were revised down to 2.4 percent from 2.5 percent. After trillions of dollars diverted away from taxpayers and the free-market, to be spent on stimulating the economy, the great “recovery” we were promised and hear about so often is no where to be found.
Today news broke that the fourth quarter growth has been revised down to 2.4%. After trillions spent trying to grow the economy, the results have been miniscule and millions are still out of work. It all begs the question, “Where’s the growth?”
The economy gained 165,000 jobs in April and the unemployment rate was 7.5 percent. The number of Americans filing for unemployment benefits fell by 18,000 for the week that ended April 27. Get more top economic headlines inside this week’s Monday Market Rundown.
The U.S. economy grew 2.5 percent in the first quarter (January to March) of 2013, a reading that was below economists’ expectations.
This month, the Congressional Budget Office (CBO) released its “Budget and Economic Outlook” for 2013-2023. The report includes information on a ballooning debt, skyrocketing healthcare costs and an unemployment rate that is at the highest level of sustained unemployment in 70 years. The report makes it clear that policies in Washington aren’t addressing the serious effect that government spending is having on our economy.