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February 4, 2010

Morning Briefs For Thursday Item 1: Tell me again how "unregulated capitalism" destroyed the economy.

Posted by Gregory of Yardale at February 4, 2010 4:42 AM

Good Morning Patriots and Sheep-Demons,

From the New York Waste of Times, of all places, a story of how screwed up America's Unemployment Compensation system is. In Illinois, for every dollar an ex-employee receives in compensation, an employer pays $1.48. This tends to make employers averse to hiring people in the first place.

And in the comments, horror stories from business owners explaining that the state bureaucracy is so stacked against them, they have adopted the policy "only hire when its absolutely necessary."

Hat Tip: Ace

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