• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Yearly Archives: 2009

    Morning Bell: Don't Take the Bait for Obama's Trillion Dollar Spending Trap

    Across the country today, President-elect Barack Obama got exactly the headlines he wanted from his supporters in the establishment media. “Obama Pitches Stimulus Plan: GOP Asked to Help Design” says the Washington Post. “Obama Sweetens Stimulus for GOP” reports the Los Angeles Times. Obama Finds Lovefest on Capitol Hill blares … More

    No, Serious Deficit Spending is Not Immediately Needed

    Government spending does not create economic growth. Regrettably, many in Congress, Republicans and Democrats alike, have ignored this fact. Just today, Senator Judd Gregg (R-NH), declared in his Wall Street Journal op-ed How to Make Sure the Stimulus Works that, “it is fairly obvious that serious deficit spending is needed … More

    TARP is Deficient Auto Savior

    My Heritage colleagues have already noted that the auto bail-out violates the terms of the TARP legislation by extending funding beyond “financial institutions.” It also appears the latest funding pledge to bail-out auto makers may have violated another Federal law, one normally taken quite seriously: the Anti-Deficiency Act. When Congress … More

    Krugman's Phony Government Spending Facts

    Paul Krugman blogs: Let’s lay out the basics here. Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons. First, if the government spends money, that money is spent, helping support demand, whereas tax cuts may be largely saved. So … More

    Better Stimulus Through Trade

    Reuters reports this weekend: Obama’s transition team said it is mulling “buy American” provisions for the stimulus package that could favor U.S. companies over foreign competitors. Protectionism is the last thing our economy needs right now. The last time the U.S. reverted to protectionism in a time of economic turmoil … More

    Another Transition: EU Presidency Changes Hands

    With the New Year dawning across Europe, already several crises are competing for headlines. Buried somewhere in the news, you might have read that the United States is not the only international actor facing a transition of power–change is afoot in the European Union as well. From the conflict in … More

    Paul Krugman Loves Wasteful Government Spending

    Krugman writes today: The biggest problem facing the Obama plan, however, is likely to be the demand of many politicians for proof that the benefits of the proposed public spending justify its costs — a burden of proof never imposed on proposals for tax cuts. This is a problem with … More

    Caulking Our Way to Economic Prosperity

    The Los Angeles Times has a brain dead article out today explaining Why Obama’s green jobs plan might work. It contains all the usual leftist green collar job lies and this little gem from green collar jobs activist Van Jones: “You can employ a lot of people very quickly with … More

    Morning Bell: Some Early Victories in Stimulus Debate

    2009 is going to be a tough year for conservatives. We face a new liberal president in the White House, an adoring and compliant media establishment at his disposal, and safe majorities in both the House and Senate. But all hope is not lost. President-elect Barack Obama knows he campaigned … More

    Introducing Rapid Response

    President-elect Barack Obama and liberal members of Congress are gearing up this week to make their case for an economic stimulus bill that costs upwards of $775 billion. Obama has said he wants to secure as many as 80 votes in the Senate in hopes of striking a bipartisan deal. … More