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On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the latest jobs numbers, which put unemployment at 9.8%, and how plans by Obama’s deficit reduction committee may impact small businesses.

We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.

Related Links:

Jobs Up 39,000, Well Below Hopes as Rate Hits 9.8%
Commission’s final deficit report preserves controversial spending cuts; panel to vote Friday on whether to endorse plan
Report of the National Commission on Fiscal Responsibility and Reform
Hotline Whip Count: Deficit Commission Looks Dead

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Nationwide, government at every level is requiring more and more of the workforce to get its permission just to earn a living.

In the 1950s, only about 5 percent of the workforce needed a government license to do their job. Today, that number is over 30 percent.  And governments impose all kinds of other requirements that make it hard for would-be entrepreneurs to start and grow small businesses.

Entrepreneurs like Chuck, here:

Unemployment in the United States has now topped 9.5 percent for 14 straight months—the longest stretch since the Great Depression.  Nearly 14.8 million people were unemployed last month.

Consider the nation’s capital.

Year after year, Washington, D.C., is ranked the worst place in the United States to start a small business. How can the District change its ways to allow entrepreneurs to create more jobs and opportunity?

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It never ceases to amaze me how differently the Old Media treats Republican presidents compared to how they treat Democrat Presidents during times of unemployment reporting. Today, in the vaunted era of Obama, the unemployment numbers for November 2009 have come out and it shows some of the highest unemployment numbers since the Great Depression. Despite that the Old Media seems to be playing this as a sign of optimism. Such optimism was decidedly not in the cards when that same Old Media was reporting rates during Bush’s years, however.

Let’s take two reports from The New York Times for example. One from September 7, 2002 in Bush’s first term and one from December 4, 2009, early in the Obama presidency.

In 2002, The New York Times reported Bush’s 5.7 percent unemployment rate, noting that it was a drop from 5.9 percent, with the following headline: Unemployment Fell in August, But Drop Is Called Insignificant.

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