Daily Clips: November 6th, 2015
POTUS rejects Keystone pipeline: It’s been a long time coming, Mr. President! Obama explained his decision by saying, “America is now a global leader when it comes to taking serious action to fight climate change. Frankly, approving this project would have undercut that leadership.” Environmental activists across the country will be celebrating because of this news and rightfully so! On the flip side, Republicans are reacting like you’d expect them to:
The Obama Admin's politically motivated rejection of the Keystone XL Pipeline is a self-inflicted attack on the U.S. economy and jobs.
— Jeb Bush (@JebBush) November 6, 2015
We will not give up and the House will continue to fight for the priorities of the American people. #KeystoneXL https://t.co/7p2Egbhj7t
— Rep. Steve Scalise (@SteveScalise) November 6, 2015
Economy adds over 270,000 jobs in October: What a month for the US economy. According to Politico, “The size of the labor force grew, wages rose at a faster pace and a broader measure of joblessness that includes discouraged workers — which Republicans love to cite as an indicator — also fell to its lowest point since 2008.”
Due to the strength of these numbers, it appears like a Fed rate hike will occur next month.
Ben Carson admits to fabricating his West Point scholarship: Dr. Carson, welcome to the media scrutiny which accompanies a front-runner. It appears that America’s favorite sleepy doctor lied about being given a “full scholarship” to America’s prestigious military academy. How presidential.
Baby boomers are what’s wrong with America’s economy: I usually do not like articles which assign blame to an entire generation, but Jim Tankersley produces a very convincing argument here. He contends that baby boomers “soaked up a lot of economic opportunity without bothering to preserve much for the generations to come” and have “left its children and grandchildren with some bones to pic through and a big bill to pay.” Thanks Mom and Dad!
