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  • Monthly Archives: July 2011

    Anemic GDP Growth in Q2; Q1 Growth Revised Down to 0.4%

    MIDEAST WOES FAN OIL PRICES, CRUDE JUMPS ABOVE $102

    Reuters has this morning’s bad news on the economic front: The U.S. economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period as consumer spending barely rose. The Commerce Department data on Friday also showed the current … More

    Radical Environmentalists' Continuing Campaign Against Economic Freedom

    Greenpeace activist destroys genetically modified crops in Australia - July 14, 2011

    Recently, radical environmentalists have waged a campaign to stifle free enterprise and economic freedom. Here are some of their recent skirmishes, ranging from crop destruction in Australia to attacks on toy companies like Lego and Disney: Photos of Greenpeace activists destroying an experimental crop of genetically modified (GM) wheat earlier … More

    Morning Bell: Struggle to Solve Debt Limit Crisis Goes On

    boehner-7-28-11-sm

    Last night, the House of Representatives was set to vote on House Speaker John Boehner’s (R–OH) plan to raise the debt ceiling, as the projected August 2 deadline looms. Failing to round up enough votes to secure the bill’s passage, House Republicans closed up shop for the night and are … More

    VIDEO: Growing Red Tape Threatens Economic Growth

    As the economy continues to struggle, a new report highlights ways the government may be making things worse by imposing bigger burdens on business. Our new video breaks down the facts and highlights the impact of this creeping government red tape. While these costs are often invisible, they are nevertheless very … More

    Washington in a Flash: House Leaders Look for Votes on Boehner Debt Plan

    Rep. Kevin McCarthy (R-CA), Republican Whip

    Unable to secure the votes needed to pass Speaker John Boehner’s (R-OH) debt plan, House GOP leaders first delayed then canceled a vote on the Budget Control Act last night. The House could take up the measure today, but many conservatives and Tea Party activists remain strongly opposed to the plan. All eyes … More

    Lunch with Heritage Online Chat on Regulations

    RedTape_feature

    America is drowning in a torrent of red tape. According to our new report, there have been 15 new major regulations issued in just the first six months of the 2011 fiscal year and a total of $38 billion in new annual regulatory costs since the start of the Obama … More

    America Needs Answers to the U.S. Embassy Attack in Georgia

    Obama and Medvedev sign new START

    On September 22, 2010, a few months before the Senate ratified the New START treaty, a bomb exploded outside the U.S. embassy in Tbilisi, Georgia. New START is, of course, the centerpiece of Barack Obama’s “reset” policy with Russia. Ever since the blast, many have raised questions as to who … More

    Millennials, Citing National Debt, Fear for America's Future

    teenager

    President Obama neglected to mention Millennials in his address to the nation Monday night. Ironic, since they are burdened with the responsibility of paying America’s debt. But that should come as no surprise. Young Americans are often overlooked in the political world. However, 18 to 29-year-olds have serious concerns about … More

    Will Taxpayers Foot the Bill to Market an Obamacare Budget Gimmick?

    Health and Human Services Department (HHS) Secretary Kathleen Sebelius

    During the health care debate of 2009 and 2010, the Obama administration used a number of accounting tricks to try to get the Congressional Budget Office to score the legislation as deficit neutral. One such trick took the form of a new entitlement: the Community Living Assistance Services and Support … More

    Taxed Too Much: Board of Trade Parent Company May Leave Chicago

    Chicago Board of Trade

    It’s not every day that a company with roots as deep as the CME Group, Inc.—the parent company of the famous Chicago Mercantile Exchange and Board of Trade—would consider fleeing its home state, seeking better a better economic climate a thousand miles away. But that’s just what’s happening, and taxes … More