American - Politician | March 26, 1953 -
Perhaps the original layaway angel knew from experience, or simply deduced, that people resorting to the old-fashioned installment method of layaway may be struggling financially.
Elaine Chao
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Because of these layaway angels, many children did not have to wonder why Santa skipped them in 2011.
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Though the National Bureau of Economic Research deemed the recession to have ended in June 2009, to most Americans, that conclusion seems not to square with reality.
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Three years after the four deepest previous recessions began - in 1953, 1957, 1973 and 1981 - employment was on average 4.7% higher than the pre-recession peak.
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We Americans typically are more positive about our individual futures, which we have some control over, than we are the nation's or the world's, which we see largely through the media prism.
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News-free existence is not a serious proposal, but it is worth noting that while today's 24/7 media environment is wonderful in many ways, it can also be like drinking out of a fire hose and intensify a downward reinforcing cycle of despair.
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The greatest job creation is driven by entrepreneurs and young businesses, so they merit special attention.
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For significant job creation to occur, prospective entrepreneurs and current business owners must not fear the future or be under assault from their own government in the present.
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Capital available for individuals to start and expand businesses would increase with regulatory and strategic tax reforms, like reducing marginal rates, repealing the alternative minimum tax, and making the U.S. the most welcoming place for employers to relocate and create jobs.
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Policymakers, elected and unelected, need to be ever-mindful that the U.S. economy does not exist in isolation.
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There should be an immediate moratorium on federal regulations that endanger jobs.
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We need long-term tax reform that promotes private sector job creation. And legislated mandates that kill jobs by raising the cost of payrolls need to be eliminated.
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