• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Freer Trade, Greater Prosperity

    Some critics of free trade say that trade agreements just help the “rich” get richer while making the “poor” poorer, but in fact, free trade benefits everyone.

    Looking at data from The Heritage Foundation’s 2012 Index of Economic Freedom, Heritage’s Bryan Riley and Ambassador Terry Miller found that the benefits of free trade are far reaching.

    Their data demonstrate “a strong correlation between trade freedom and a variety of positive indicators, including economic prosperity, low poverty rates, and clean environments.” The chart below indicates that nations with more trade freedom have less poverty.

    Special interest groups lobby for protectionist policies—allegedly to benefit workers—but higher trade barriers actually prevent countries from experiencing greater prosperity. Instead, countries should implement free trade policies to bolster economic growth, create jobs, and reduce poverty. The recently passed free trade agreements with Colombia, Panama, and South Korea will strengthen the American economy and enhance our quality of life.

    The United States should continue to look for opportunities to enhance free trade with other countries. The proposed Trans-Pacific Partnership offers another opportunity to expand trade. The biggest gains could come if the current Administration establishes a deadline for successfully concluding the World Trade Organization (WTO) Doha Development Round. These negotiations were initially started to help countries develop through increased trade, but persistent protectionist policies in many countries continue to hamper the benefits of free trade. A positive conclusion to the Doha Round would benefit all WTO members.

    For more information on the benefits of free trade, read Global Trade Freedom Needs a Boost at Heritage.org.

    Brittany Cobb is a member of the Young Leaders Program at the Heritage Foundation. Click here for more information on interning at Heritage.

    Posted in Economics [slideshow_deploy]

    10 Responses to Freer Trade, Greater Prosperity

    1. Dixon says:

      I guess that means China — with the most trade and the most people (and most poverty) is benefiting the most?

    2. • PART A: Obama lied again in his speech: He said they've agreed to cut the deficit? by $2 Trill; he has planned spending increases of $9 Trill over next 10 yrs, but congress agreed to only increase it by $7 Trill; this is where he gets cutting the deficit by $2 Trill. Don't tell me Obama isn't playing to his supporters complete and total IGNORANCE! Spending is still going up $7 Trill.

      • PART B: We have a President who handed over a gift,a NO-BID weapons contract to Brazil, a country whom also services IRAN MILT, jeopardizg secrets&taking jobs from Americans;he implanted people on NRLB to prevent Boeing From openg in S. Carolina KILLING JOBS;He put a stop to Pipeline (Google Canada Pipeline Safe); alternative will be to ship oil via Truck,Barge,Tanker which is NOT safe & takg away American Jobs. ?

      PART C: CBS News counted 12 clean energy companies that are having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five have filed for bankruptcy: The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES' subsidiary Eastern Energy and Solyndra.Beacon Power, a "green energy storage company," recieved $43 million from the government. Standard and Poor's had given the project a rating of "CCC-plus."

      • PART D: Obama's massive stim program weakens the dollar, Fed Reserve Governor Alan? Greenspan told CNBC Thursday.In a blunt critique of his successor, Fed Chairman Ben Bernanke, Greenspan said the $2 trillion in quantative easing over the past two years had done little to loosen credit and boost the economy.“There's no evidence that huge inflow of money into the system basically worked,” Greenspan said in a live interview.

      • PART E: Obama’s $830 bill stimulus failed? by their own numbers. Unemployment has been above 9% for 28 months & we have a 6.8 mill jobs deficit. Now we learn that those stimulus funds merely poached workers instead of hiring those who r unemployed. Saved or created is a fraud. Greenspan:The Federal Reserve’s

      • PART F: Testifying before the House Budget Committee, Congressional Budget Office (CBO) Director Doug Elmendorf confirmed that Obamacare is expected to reduce the number of jobs in the labor market by an estimated 800,000 (Obamacare, not stimulus); Google Study: Obama’s Stimulus used to Poach Workers,? Not to Hire Unemployed. POACHED WORKERS FROM ONE PLACE TO PUT THEM SOMEWHERE ELSE

      • PART G: The “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, further evidence that Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, & a whole lot to stimulate the debt. Google This:? Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job. ADDING TO THE DEBT IS A GOOD THING? This DID NOT make it worse? ROLF

      • PART H: Starbucks CEO Howard Schultz said in a statement that the way the healthcare bill is written under the current guidelines, the pressure on small business because of the mandate is “too? great.” HOW MANY MORE do you need? These guys are the people who actually create Jobs. Despite high unemployment & a failing economy; new report reveals how gov is making things worse by imposing bigger burdens on bus.

      • PART I: The explosion of new regs under President Obama is unprecedented. In his 1st 2 yrs over $38 bill in new maj regs over $14 bill in new regs being considered; businesses forced NOT TO HIRE RATHER THAN GO THROUGH THE BS. Auto Bailout – This was nothing more than a disgusting display of union payback. Obama screwed over the bondholders for the UAW when sending checks to? GM and Chrysler (NOTE: Ford did NOT take a dime in bailout money) . Obama forced hundreds of

      • PART J: auto dealers (who didn’t cost GM or Chrysler a dime) to close their doors – even those who had stellar sales and were in business? for sometimes over 100 years.Cash for Clunkers – This program not only cost taxpayers much more than the $4,000 credit given to those who purchased new vehicles but it hurt the used auto industry, it hurt charities that rely upon car donations, parts dealers and mechanics because Obama forced all of those vehicles to be destroyed.
      • PART K: Fishing Industry – The NOAA has been perverse in their ‘catch share’ regulations, so much so that many lifelong fishermen are now unemployed and will be until the corrupt NOAA is put to rest. Oil Industry –? Obama’s illegal oil moratorium killed or put on hold thousands of jobs in the industry (meanwhile he vowed to help Brazil dig for even deeper ocean oil); even forcing some rigs to leave for ‘greener pastures’. This

    3. • PART A: Obama lied again in his speech: He said they've agreed to cut the deficit? by $2 Trill; he has planned spending increases of $9 Trill over next 10 yrs, but congress agreed to only increase it by $7 Trill; this is where he gets cutting the deficit by $2 Trill. Don't tell me Obama isn't playing to his supporters complete and total IGNORANCE! Spending is still going up $7 Trill.

      • PART B: We have a President who handed over a gift,a NO-BID weapons contract to Brazil, a country whom also services IRAN MILT, jeopardizg secrets&taking jobs from Americans;he implanted people on NRLB to prevent Boeing From openg in S. Carolina KILLING JOBS;He put a stop to Pipeline (Google Canada Pipeline Safe); alternative will be to ship oil via Truck,Barge,Tanker which is NOT safe & takg away American Jobs. ?

      PART C: CBS News counted 12 clean energy companies that are having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five have filed for bankruptcy: The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES' subsidiary Eastern Energy and Solyndra.Beacon Power, a "green energy storage company," recieved $43 million from the government. Standard and Poor's had given the project a rating of "CCC-plus."

      • PART D: Obama's massive stim program weakens the dollar, Fed Reserve Governor Alan? Greenspan told CNBC Thursday.In a blunt critique of his successor, Fed Chairman Ben Bernanke, Greenspan said the $2 trillion in quantative easing over the past two years had done little to loosen credit and boost the economy.“There's no evidence that huge inflow of money into the system basically worked,” Greenspan said in a live interview.

      • PART E: Obama’s $830 bill stimulus failed? by their own numbers. Unemployment has been above 9% for 28 months & we have a 6.8 mill jobs deficit. Now we learn that those stimulus funds merely poached workers instead of hiring those who r unemployed. Saved or created is a fraud. Greenspan:The Federal Reserve’s

      • PART F: Testifying before the House Budget Committee, Congressional Budget Office (CBO) Director Doug Elmendorf confirmed that Obamacare is expected to reduce the number of jobs in the labor market by an estimated 800,000 (Obamacare, not stimulus); Google Study: Obama’s Stimulus used to Poach Workers,? Not to Hire Unemployed. POACHED WORKERS FROM ONE PLACE TO PUT THEM SOMEWHERE ELSE

      • PART G: The “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, further evidence that Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, & a whole lot to stimulate the debt. Google This:? Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job. ADDING TO THE DEBT IS A GOOD THING? This DID NOT make it worse? ROLF

      • PART H: Starbucks CEO Howard Schultz said in a statement that the way the healthcare bill is written under the current guidelines, the pressure on small business because of the mandate is “too? great.” HOW MANY MORE do you need? These guys are the people who actually create Jobs. Despite high unemployment & a failing economy; new report reveals how gov is making things worse by imposing bigger burdens on bus.

      • PART I: The explosion of new regs under President Obama is unprecedented. In his 1st 2 yrs over $38 bill in new maj regs over $14 bill in new regs being considered; businesses forced NOT TO HIRE RATHER THAN GO THROUGH THE BS. Auto Bailout – This was nothing more than a disgusting display of union payback. Obama screwed over the bondholders for the UAW when sending checks to? GM and Chrysler (NOTE: Ford did NOT take a dime in bailout money) . Obama forced hundreds of

      • PART J: auto dealers (who didn’t cost GM or Chrysler a dime) to close their doors – even those who had stellar sales and were in business? for sometimes over 100 years.Cash for Clunkers – This program not only cost taxpayers much more than the $4,000 credit given to those who purchased new vehicles but it hurt the used auto industry, it hurt charities that rely upon car donations, parts dealers and mechanics because Obama forced all of those vehicles to be destroyed.
      • PART K: Fishing Industry – The NOAA has been perverse in their ‘catch share’ regulations, so much so that many lifelong fishermen are now unemployed and will be until the corrupt NOAA is put to rest. Oil Industry –? Obama’s illegal oil moratorium killed or put on hold thousands of jobs in the industry (meanwhile he vowed to help Brazil dig for even deeper ocean oil); even forcing some rigs to leave for ‘greener pastures’. This

    4. • PART A: Obama lied again in his speech: He said they've agreed to cut the deficit? by $2 Trill; he has planned spending increases of $9 Trill over next 10 yrs, but congress agreed to only increase it by $7 Trill; this is where he gets cutting the deficit by $2 Trill. Don't tell me Obama isn't playing to his supporters complete and total IGNORANCE! Spending is still going up $7 Trill.

      • PART B: We have a President who handed over a gift,a NO-BID weapons contract to Brazil, a country whom also services IRAN MILT, jeopardizg secrets&taking jobs from Americans;he implanted people on NRLB to prevent Boeing From openg in S. Carolina KILLING JOBS;He put a stop to Pipeline (Google Canada Pipeline Safe); alternative will be to ship oil via Truck,Barge,Tanker which is NOT safe & takg away American Jobs. ?

      PART C: CBS News counted 12 clean energy companies that are having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five have filed for bankruptcy: The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES' subsidiary Eastern Energy and Solyndra.Beacon Power, a "green energy storage company," recieved $43 million from the government. Standard and Poor's had given the project a rating of "CCC-plus."

      • PART D: Obama's massive stim program weakens the dollar, Fed Reserve Governor Alan? Greenspan told CNBC Thursday.In a blunt critique of his successor, Fed Chairman Ben Bernanke, Greenspan said the $2 trillion in quantative easing over the past two years had done little to loosen credit and boost the economy.“There's no evidence that huge inflow of money into the system basically worked,” Greenspan said in a live interview.

      • PART E: Obama’s $830 bill stimulus failed? by their own numbers. Unemployment has been above 9% for 28 months & we have a 6.8 mill jobs deficit. Now we learn that those stimulus funds merely poached workers instead of hiring those who r unemployed. Saved or created is a fraud. Greenspan:The Federal Reserve’s

      • PART F: Testifying before the House Budget Committee, Congressional Budget Office (CBO) Director Doug Elmendorf confirmed that Obamacare is expected to reduce the number of jobs in the labor market by an estimated 800,000 (Obamacare, not stimulus); Google Study: Obama’s Stimulus used to Poach Workers,? Not to Hire Unemployed. POACHED WORKERS FROM ONE PLACE TO PUT THEM SOMEWHERE ELSE

      • PART G: The “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, further evidence that Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, & a whole lot to stimulate the debt. Google This:? Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job. ADDING TO THE DEBT IS A GOOD THING? This DID NOT make it worse? ROLF

      • PART H: Starbucks CEO Howard Schultz said in a statement that the way the healthcare bill is written under the current guidelines, the pressure on small business because of the mandate is “too? great.” HOW MANY MORE do you need? These guys are the people who actually create Jobs. Despite high unemployment & a failing economy; new report reveals how gov is making things worse by imposing bigger burdens on bus.

      • PART I: The explosion of new regs under President Obama is unprecedented. In his 1st 2 yrs over $38 bill in new maj regs over $14 bill in new regs being considered; businesses forced NOT TO HIRE RATHER THAN GO THROUGH THE BS. Auto Bailout – This was nothing more than a disgusting display of union payback. Obama screwed over the bondholders for the UAW when sending checks to? GM and Chrysler (NOTE: Ford did NOT take a dime in bailout money) . Obama forced hundreds of

      • PART J: auto dealers (who didn’t cost GM or Chrysler a dime) to close their doors – even those who had stellar sales and were in business? for sometimes over 100 years.Cash for Clunkers – This program not only cost taxpayers much more than the $4,000 credit given to those who purchased new vehicles but it hurt the used auto industry, it hurt charities that rely upon car donations, parts dealers and mechanics because Obama forced all of those vehicles to be destroyed.
      • PART K: Fishing Industry – The NOAA has been perverse in their ‘catch share’ regulations, so much so that many lifelong fishermen are now unemployed and will be until the corrupt NOAA is put to rest. Oil Industry –? Obama’s illegal oil moratorium killed or put on hold thousands of jobs in the industry (meanwhile he vowed to help Brazil dig for even deeper ocean oil); even forcing some rigs to leave for ‘greener pastures’. This

    5. • PART A: Obama lied again in his speech: He said they've agreed to cut the deficit? by $2 Trill; he has planned spending increases of $9 Trill over next 10 yrs, but congress agreed to only increase it by $7 Trill; this is where he gets cutting the deficit by $2 Trill. Don't tell me Obama isn't playing to his supporters complete and total IGNORANCE! Spending is still going up $7 Trill.

      • PART B: We have a President who handed over a gift,a NO-BID weapons contract to Brazil, a country whom also services IRAN MILT, jeopardizg secrets&taking jobs from Americans;he implanted people on NRLB to prevent Boeing From openg in S. Carolina KILLING JOBS;He put a stop to Pipeline (Google Canada Pipeline Safe); alternative will be to ship oil via Truck,Barge,Tanker which is NOT safe & takg away American Jobs. ?

      PART C: CBS News counted 12 clean energy companies that are having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five have filed for bankruptcy: The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES' subsidiary Eastern Energy and Solyndra.Beacon Power, a "green energy storage company," recieved $43 million from the government. Standard and Poor's had given the project a rating of "CCC-plus."

      • PART D: Obama's massive stim program weakens the dollar, Fed Reserve Governor Alan? Greenspan told CNBC Thursday.In a blunt critique of his successor, Fed Chairman Ben Bernanke, Greenspan said the $2 trillion in quantative easing over the past two years had done little to loosen credit and boost the economy.“There's no evidence that huge inflow of money into the system basically worked,” Greenspan said in a live interview.

      • PART E: Obama’s $830 bill stimulus failed? by their own numbers. Unemployment has been above 9% for 28 months & we have a 6.8 mill jobs deficit. Now we learn that those stimulus funds merely poached workers instead of hiring those who r unemployed. Saved or created is a fraud. Greenspan:The Federal Reserve’s

      • PART F: Testifying before the House Budget Committee, Congressional Budget Office (CBO) Director Doug Elmendorf confirmed that Obamacare is expected to reduce the number of jobs in the labor market by an estimated 800,000 (Obamacare, not stimulus); Google Study: Obama’s Stimulus used to Poach Workers,? Not to Hire Unemployed. POACHED WORKERS FROM ONE PLACE TO PUT THEM SOMEWHERE ELSE

      • PART G: The “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, further evidence that Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, & a whole lot to stimulate the debt. Google This:? Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job. ADDING TO THE DEBT IS A GOOD THING? This DID NOT make it worse? ROLF

      • PART H: Starbucks CEO Howard Schultz said in a statement that the way the healthcare bill is written under the current guidelines, the pressure on small business because of the mandate is “too? great.” HOW MANY MORE do you need? These guys are the people who actually create Jobs. Despite high unemployment & a failing economy; new report reveals how gov is making things worse by imposing bigger burdens on bus.

      • PART I: The explosion of new regs under President Obama is unprecedented. In his 1st 2 yrs over $38 bill in new maj regs over $14 bill in new regs being considered; businesses forced NOT TO HIRE RATHER THAN GO THROUGH THE BS. Auto Bailout – This was nothing more than a disgusting display of union payback. Obama screwed over the bondholders for the UAW when sending checks to? GM and Chrysler (NOTE: Ford did NOT take a dime in bailout money) . Obama forced hundreds of

      • PART J: auto dealers (who didn’t cost GM or Chrysler a dime) to close their doors – even those who had stellar sales and were in business? for sometimes over 100 years.Cash for Clunkers – This program not only cost taxpayers much more than the $4,000 credit given to those who purchased new vehicles but it hurt the used auto industry, it hurt charities that rely upon car donations, parts dealers and mechanics because Obama forced all of those vehicles to be destroyed.
      • PART K: Fishing Industry – The NOAA has been perverse in their ‘catch share’ regulations, so much so that many lifelong fishermen are now unemployed and will be until the corrupt NOAA is put to rest. Oil Industry –? Obama’s illegal oil moratorium killed or put on hold thousands of jobs in the industry (meanwhile he vowed to help Brazil dig for even deeper ocean oil); even forcing some rigs to leave for ‘greener pastures’. This

    6. • PART L: has had a horrific effect on the oil industry and thousands of people who rely on it in a domino effect. Coal Industry – Obama’s EPA is now trying to push even further regulations on the coal? industry (which powers this country) to the point where some aren’t even bothering to continue in it any longer and to the point where many will lose their jobs. Of course, this shouldn’t be a surprise since Obama explicitly stated he

      • PART M: wanted to bankrupt the coal industry via Cap & Trade when he was running for President. Student Loan Industry – Obama decided to have the fed gov take? over and run the student loan industry that previously was run by the private sector again killing thousands of jobs. All one has to do is take a look at Fannie & Freddie or the Post Office to see how efficient and effective this idea will be.

      • PART N: Financial Reform Bill – Not only does this bill hurt consumers but it kills jobs and promotes corruption. This bill was written by the very? people (Dodd & Frank) who aided in the financial mess in the first place.Fannie & Freddie – The Democrat’s favorite corrupt organization that had the biggest hand in the Housing crisis is taking billions of dollars from taxpayers to bail the failing (and should be allowed to fail) organization out. This is throwing bad money after bad.

      • PART O: No budget – Neither Obama nor the Democrats have passed? a budget in over 800+++ days. This is not only irresponsible but shows the Democrats’ complete &utter contempt for Americans. They are elected to do a job and they can’t even handle the most basic element of that job – producing a budget. Extending Unemployment for 99 Weeks – It has been proven throughout the WORLD that extending

      • PART P:Mortgage Financing Scam – Obama spent billIons of taxpayer $ to help people refinance their mortgages so they wouldn’t lose their homes? .The program cost billions &not only pushed people into foreclosure who weren’t going to foreclose but helped very few others. Illegal War in Libya – Billions of $ spent on a war Obama refused to call a war & a war he also refused to get permission from Congress to be in.

      • PART Q: unemployment benefits only keeps people unemployed for longer. This has proven true yet again. You probably all know someone who stayed on unemployment the entire 99 weeks and then miraculously got a job when it was ending. Killing 500,000 Non-union Jobs – Obama has decided he wants to increase? fuel standards (regardless of the fact that automakers have been doing this on their own the past 20 years

    7. • PART R: “By 2025 auto makers will have to meet fuel efficiency standards that brings “new cars to 54.5 miles a gallon by 2025, roughly double the current level, in a bid to reduce U.S. oil consumption,” says the Wall Street Journal.” Of course, these only apply to automakers in the U.S. – kiss even more jobs goodbye.Obamacare – One of the biggest takeovers? of any industry in United States history, Obamacare will
      • PART S: hurt consumers, the medical profession, businesses and taxpayers while hurting the? economy in general. EPA Food Regulations – The EPA is putting ridiculous regulations in place without any input from Congress or testimony from experts. This seems to be par for the course for the Obama Administration and this hurts consumers with higher costs , especially the poor, working and middle classes.
      • PART T: Increase in Welfare Spending – Obama has increased welfare spending from “$522 billion to $697 billion. The combined two-year increase will equal almost $263 billion ($88.2 bil-lion in FY 2009 plus $174.6 billion in FY 2010). After adjusting for inflation, this increase is two and a half times greater than? any previous increase in federal welfare spending in U.S. history. As a share of the economy, annual fed¬eral welfare spending will rise by roughly 1.2 percent of GDP.”
      • PART U: Increase in Foreign Aid – Obama seeks an 8% increase in foreign aid over last year; Foreign aid that often reaches countries who absolutely despise the United States and often ends up in the hands of the corrupt leaders that run these countries without ever? reaching its goal to help the actual people of the countries.Billions Spent on ‘Green Jobs’ – Obama is spending billions of tax dollars on green jobs yet what
      PART V: exactly ARE ‘green jobs’? Where r the stats showing that all the billions he is spendg have created any ‘green jobs’? (Note: There R no? stats – even the Bureau of Labor Statistics can’t figure this one out.) Just know that Americans r paying billions for them.1/2 Bill to his campaign supporters Solyndra &they go bankrupt; the

      PART W: LIghtSquared fiasco-Proves importance of someone w/some business sense. THIS is what Obama has brought us & if all you watch are the Protectionist main stream liberal media you might not even know of this information. tart reading fee dot org. Now there about another 6 more Solyndras going on or more, thanks to this inept Admin. They take advantage of Naivete comparing Warren Bufte's capital gains tax to his secretaries income tax

      PART X:The Rich do not pay less tax;the top 10% pay 70% of taxes. Warren Bufet? (sp?) was comparg his capital gains tax to his secretary's income tax which is ridiculous&proves Obama&Warren R Disingenuous.Warren paid income taxes,that's the $ he uses to Invest w/&perhaps other earnings he's made. He's paid double taxes. U cannot compare capital gains tax w/income tax. Warren&Romeny made investments w/their own $. Investments provide jobs for people,allow for businesses to be created& expand

      PART Y: If you raise the capital gains taxes, there is no reason to invest anymore. Investing comes with it a risk, often a very very big risk. Why would someone? invest their own money in a highly risky investment if he is going to lose over 30% in more taxes? It's RIDICULOUS! It's about time people catch on to Obama's tricks &realize he's playing all for FOOLS! Don't be his fool and find out the truth:

    8. • PART R: “By 2025 auto makers will have to meet fuel efficiency standards that brings “new cars to 54.5 miles a gallon by 2025, roughly double the current level, in a bid to reduce U.S. oil consumption,” says the Wall Street Journal.” Of course, these only apply to automakers in the U.S. – kiss even more jobs goodbye.Obamacare – One of the biggest takeovers? of any industry in United States history, Obamacare will
      • PART S: hurt consumers, the medical profession, businesses and taxpayers while hurting the? economy in general. EPA Food Regulations – The EPA is putting ridiculous regulations in place without any input from Congress or testimony from experts. This seems to be par for the course for the Obama Administration and this hurts consumers with higher costs , especially the poor, working and middle classes.
      • PART T: Increase in Welfare Spending – Obama has increased welfare spending from “$522 billion to $697 billion. The combined two-year increase will equal almost $263 billion ($88.2 bil-lion in FY 2009 plus $174.6 billion in FY 2010). After adjusting for inflation, this increase is two and a half times greater than? any previous increase in federal welfare spending in U.S. history. As a share of the economy, annual fed¬eral welfare spending will rise by roughly 1.2 percent of GDP.”
      • PART U: Increase in Foreign Aid – Obama seeks an 8% increase in foreign aid over last year; Foreign aid that often reaches countries who absolutely despise the United States and often ends up in the hands of the corrupt leaders that run these countries without ever? reaching its goal to help the actual people of the countries.Billions Spent on ‘Green Jobs’ – Obama is spending billions of tax dollars on green jobs yet what
      PART V: exactly ARE ‘green jobs’? Where r the stats showing that all the billions he is spendg have created any ‘green jobs’? (Note: There R no? stats – even the Bureau of Labor Statistics can’t figure this one out.) Just know that Americans r paying billions for them.1/2 Bill to his campaign supporters Solyndra &they go bankrupt; the

      PART W: LIghtSquared fiasco-Proves importance of someone w/some business sense. THIS is what Obama has brought us & if all you watch are the Protectionist main stream liberal media you might not even know of this information. tart reading fee dot org. Now there about another 6 more Solyndras going on or more, thanks to this inept Admin. They take advantage of Naivete comparing Warren Bufte's capital gains tax to his secretaries income tax

      PART X:The Rich do not pay less tax;the top 10% pay 70% of taxes. Warren Bufet? (sp?) was comparg his capital gains tax to his secretary's income tax which is ridiculous&proves Obama&Warren R Disingenuous.Warren paid income taxes,that's the $ he uses to Invest w/&perhaps other earnings he's made. He's paid double taxes. U cannot compare capital gains tax w/income tax. Warren&Romeny made investments w/their own $. Investments provide jobs for people,allow for businesses to be created& expand

      PART Y: If you raise the capital gains taxes, there is no reason to invest anymore. Investing comes with it a risk, often a very very big risk. Why would someone? invest their own money in a highly risky investment if he is going to lose over 30% in more taxes? It's RIDICULOUS! It's about time people catch on to Obama's tricks &realize he's playing all for FOOLS! Don't be his fool and find out the truth:

    9. • PART R: “By 2025 auto makers will have to meet fuel efficiency standards that brings “new cars to 54.5 miles a gallon by 2025, roughly double the current level, in a bid to reduce U.S. oil consumption,” says the Wall Street Journal.” Of course, these only apply to automakers in the U.S. – kiss even more jobs goodbye.Obamacare – One of the biggest takeovers? of any industry in United States history, Obamacare will
      • PART S: hurt consumers, the medical profession, businesses and taxpayers while hurting the? economy in general. EPA Food Regulations – The EPA is putting ridiculous regulations in place without any input from Congress or testimony from experts. This seems to be par for the course for the Obama Administration and this hurts consumers with higher costs , especially the poor, working and middle classes.
      • PART T: Increase in Welfare Spending – Obama has increased welfare spending from “$522 billion to $697 billion. The combined two-year increase will equal almost $263 billion ($88.2 bil-lion in FY 2009 plus $174.6 billion in FY 2010). After adjusting for inflation, this increase is two and a half times greater than? any previous increase in federal welfare spending in U.S. history. As a share of the economy, annual fed¬eral welfare spending will rise by roughly 1.2 percent of GDP.”
      • PART U: Increase in Foreign Aid – Obama seeks an 8% increase in foreign aid over last year; Foreign aid that often reaches countries who absolutely despise the United States and often ends up in the hands of the corrupt leaders that run these countries without ever? reaching its goal to help the actual people of the countries.Billions Spent on ‘Green Jobs’ – Obama is spending billions of tax dollars on green jobs yet what
      PART V: exactly ARE ‘green jobs’? Where r the stats showing that all the billions he is spendg have created any ‘green jobs’? (Note: There R no? stats – even the Bureau of Labor Statistics can’t figure this one out.) Just know that Americans r paying billions for them.1/2 Bill to his campaign supporters Solyndra &they go bankrupt; the

      PART W: LIghtSquared fiasco-Proves importance of someone w/some business sense. THIS is what Obama has brought us & if all you watch are the Protectionist main stream liberal media you might not even know of this information. tart reading fee dot org. Now there about another 6 more Solyndras going on or more, thanks to this inept Admin. They take advantage of Naivete comparing Warren Bufte's capital gains tax to his secretaries income tax

      PART X:The Rich do not pay less tax;the top 10% pay 70% of taxes. Warren Bufet? (sp?) was comparg his capital gains tax to his secretary's income tax which is ridiculous&proves Obama&Warren R Disingenuous.Warren paid income taxes,that's the $ he uses to Invest w/&perhaps other earnings he's made. He's paid double taxes. U cannot compare capital gains tax w/income tax. Warren&Romeny made investments w/their own $. Investments provide jobs for people,allow for businesses to be created& expand

      PART Y: If you raise the capital gains taxes, there is no reason to invest anymore. Investing comes with it a risk, often a very very big risk. Why would someone? invest their own money in a highly risky investment if he is going to lose over 30% in more taxes? It's RIDICULOUS! It's about time people catch on to Obama's tricks &realize he's playing all for FOOLS! Don't be his fool and find out the truth:

    10. • PART R: “By 2025 auto makers will have to meet fuel efficiency standards that brings “new cars to 54.5 miles a gallon by 2025, roughly double the current level, in a bid to reduce U.S. oil consumption,” says the Wall Street Journal.” Of course, these only apply to automakers in the U.S. – kiss even more jobs goodbye.Obamacare – One of the biggest takeovers? of any industry in United States history, Obamacare will
      • PART S: hurt consumers, the medical profession, businesses and taxpayers while hurting the? economy in general. EPA Food Regulations – The EPA is putting ridiculous regulations in place without any input from Congress or testimony from experts. This seems to be par for the course for the Obama Administration and this hurts consumers with higher costs , especially the poor, working and middle classes.
      • PART T: Increase in Welfare Spending – Obama has increased welfare spending from “$522 billion to $697 billion. The combined two-year increase will equal almost $263 billion ($88.2 bil-lion in FY 2009 plus $174.6 billion in FY 2010). After adjusting for inflation, this increase is two and a half times greater than? any previous increase in federal welfare spending in U.S. history. As a share of the economy, annual fed¬eral welfare spending will rise by roughly 1.2 percent of GDP.”
      • PART U: Increase in Foreign Aid – Obama seeks an 8% increase in foreign aid over last year; Foreign aid that often reaches countries who absolutely despise the United States and often ends up in the hands of the corrupt leaders that run these countries without ever? reaching its goal to help the actual people of the countries.Billions Spent on ‘Green Jobs’ – Obama is spending billions of tax dollars on green jobs yet what
      PART V: exactly ARE ‘green jobs’? Where r the stats showing that all the billions he is spendg have created any ‘green jobs’? (Note: There R no? stats – even the Bureau of Labor Statistics can’t figure this one out.) Just know that Americans r paying billions for them.1/2 Bill to his campaign supporters Solyndra &they go bankrupt; the

      PART W: LIghtSquared fiasco-Proves importance of someone w/some business sense. THIS is what Obama has brought us & if all you watch are the Protectionist main stream liberal media you might not even know of this information. tart reading fee dot org. Now there about another 6 more Solyndras going on or more, thanks to this inept Admin. They take advantage of Naivete comparing Warren Bufte's capital gains tax to his secretaries income tax

      PART X:The Rich do not pay less tax;the top 10% pay 70% of taxes. Warren Bufet? (sp?) was comparg his capital gains tax to his secretary's income tax which is ridiculous&proves Obama&Warren R Disingenuous.Warren paid income taxes,that's the $ he uses to Invest w/&perhaps other earnings he's made. He's paid double taxes. U cannot compare capital gains tax w/income tax. Warren&Romeny made investments w/their own $. Investments provide jobs for people,allow for businesses to be created& expand

      PART Y: If you raise the capital gains taxes, there is no reason to invest anymore. Investing comes with it a risk, often a very very big risk. Why would someone? invest their own money in a highly risky investment if he is going to lose over 30% in more taxes? It's RIDICULOUS! It's about time people catch on to Obama's tricks &realize he's playing all for FOOLS! Don't be his fool and find out the truth:

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.

    ×