So here we are, still losing jobs one year after President Obama took office. The Labor Department reported on January 7 that, after one month of the slenderest job gains (4,000) in November, payrolls again dropped by 85,000 jobs in December. The economy and jobs constitute the most important issue for both American voters and the most difficult policy challenge to resolve: how to get people back to work? But one of the often overlooked effects...read more...