Daily Clips: May 27th, 2015
Is the GOP shooting itself in the foot again with Latinos?
Washington Post – Greg Sargent.
Yesterday’s ruling in Texas upheld an injunction on Obama’s executive actions on immigration. At first glance, this appears to be bad news for Democrats and immigration activists. But this may come with a price for Republicans in 2016. As Greg Sargent cogently mentions,
Democrats will portray continued GOP opposition to those enforcement priorities as a sign that Republicans have only moved to the right on immigration. This is surely not where GOP operatives had hoped to be. Remember that the GOP autopsy into what went wrong in 2012 explicitly noted that Republicans have to signal a more welcoming posture towards Latinos, to get them to listen to the GOP on other issues.
In the aforesaid autopsy report, GOP strategists warned that Republicans must champion comprehensive immigration reform if they hoped to capture a larger proportion of the Hispanic vote. The ruling in Texas yesterday does not eliminate this possibility. And with Marco Rubio and Jeb Bush waiting in the wings, the prospect for such reform could still be possible. “Still,” as Sargent concludes, “one wonders whether GOP operatives — the ones who are actually paid to win national elections — privately like what they’re seeing here. My bet is they don’t.”
Unemployment falls below 4 percent in King, Snohomish counties: Goldy wrote about this welcome news yesterday, but I thought I’d repeat it. King County’s unemployment rate sits at 3.3%, which represents a 0.8% drop from this time last year. So much for that minimum wage leading to widespread unemployment.
Seattle home prices are rising fast: That’s according to data from the S&P/Case-Shiller Home Price Indices released this week, which showed a 7.5 percent leap in Seattle home prices in the last year. The last time this region’s home prices increased that much was before the 2008 recession.
Class of 2015 faces grim job prospects: According to the Economic Policy Institute, young college graduates now have an unemployment rate of 7.2 percent, which is still well above historical norms. As Elise Gould, one of the authors of the EPI study said,
…we are still far from where we want to be. Graduates can expect entry-level wages that are lower in inflation-adjusted terms than they were 15 years ago.
Think that’s bad enough? These flat wages are compounded by huge increases in costs to tertiary education. The EPI notes that the cost of private college rose 125.7 percent between 1984 and 2014 while the cost of public universities grew 129 percent. Talk about being behind the eight ball.