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  • Monthly Archives: February 2009

    Morning Bell: Americans Did Not Vote for This Plan

    President Barack Obama is losing the debate over his Trillion Dollar Debt Plan. According to Rasmussen Reports, only 37% of the American people favor his legislation. And according to Gallup nearly 80% of Americans believe the current plan will not stimulate the economy. Faced with criticism of his plan, Obama … More

    Put Your Hands Together!

    Buried in a January 7th Heritage WebMemo by J.D. Foster and Bill Beach is this passage explaining in careful logic via eloquent metaphor the nature of, and reasons for, economic growth: The American economy does not rise and fall with the level of aggregate demand or deficit spending. Further, government … More

    Stimulating Illegal Immigration

    There has been considerable debate over whether the proposed economic stimulus bill will actually stimulate anything other than an avalanche of new government spending and higher taxes. Well, the Senate has now ensured that its version of the bill will stimulate growth in yet another undesirable area: illegal immigration. Passed … More

    Unintended Consequences on Executive Pay II: Pay Caps

    Policies premised more on class-warfare than sound economics, are not going to get us out of this recession. They may actually delay recovery. In my last post, I discussed the example of a ban on “golden parachutes” for top executives. Now, another item from the Treasury’s pay rules for companies … More

    Salazar Puts the Kibosh on Oil Leases in Utah

    And so it begins: Interior Secretary Ken Salazar says he’s scrapping the lease of dozens of parcels of federal land for oil and gas drilling in Utah’s redrock country. Salazar on Wednesday ordered the Bureau of Land Management, which is part of the Interior Department, not to cash checks from … More

    Unintended Consequences on Executive Pay I: Golden Parachutes

    Policies premised more on class-warfare than sound economics, are not going to get us out of this recession. They may actually delay recovery. A case in point: the executive pay guidelines released by Treasury today.  Though the new rules seem to apply, at this point, to only the few corporations … More

    They're Not Dead Yet

    It’s hard to get a feel on where the job-killing, protectionist ”Buy American” provisions now stand after President Obama’s series of media interviews yesterday where he believed the measured needed to be removed because of the potential of ‘going to trigger a trade war.’ This morning, the Atlantic’s Marc Ambinder reported such a stance … More

    Lots of Green Jobs, but No Green in Their Wallets

    Will the Stimulus plan currently proposed by Congress actually create jobs? The short answer is no. The longer answer is the government cannot create jobs; the government can only transfer or redistribute jobs. As Heritage Senior Budget Analyst Brian Riedl says, “[B]efore the government can spend $1 billion hiring road … More

    Goings-on in Kremlin and Around It

    MOSCOW – The past week’s developments gave lots of food for conjecture and speculations among Kremlinologists both within Russia and beyond. The regime – President Dmitry Medvedev and Prime Minister Vladimir Putin – sent out an array of signals that could be interpreted as both the attempts at somewhat liberalizing … More

    The Irony Isn't Lost Here

    With the protectionist stances coming from the Obama Administration via the Trillion Dollar Debt Plan’s “Buy American” provisions; you might forget the United States still has a series of pending trade agreements with Columbia and South Korea which need Congressional approval. Just yesterday, President Obama agreed with South Korea’s Lee Myung-bak to do all he could to get both nations’ … More