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  • Fiscal Cliff: Decoupling Conservatives from Their Core Principles

    There are many ways to surrender—and some congressional Republicans seem bent on exploring them all. In the debate over the fiscal cliff, the President’s position is simple: The Republicans must capitulate on income tax rate hikes, and all other serious issues are not up for discussion. Never mind that Obama … More

    QE4: Another Big Step Down a Dangerous Road

    The Federal Reserve Board today announced the introduction of yet another hyper-aggressive monetary policy, dubbed “QE4” by some for the fourth round of quantitative easing. Three times a dud, fourth time a charm? Not likely. The Fed’s concerns for the economy are well-founded. The economy continues to struggle badly under … More

    White House Speeds Toward Fiscal Cliff, Declining House Republicans' Request for Terms

    Late Monday afternoon, the House Republican leadership lofted its latest offering to address the fiscal cliff. The kindest conservative response possible to this proposal is that it was “a dud.” It was much worse than a dud, however, as Heritage described in its initial response to the House proposal. Not … More

    Fiscal Cliff: House Republican Proposal Abandons Core Principles, Gains Little

    The House Republican leadership has offered a substantive counteroffer to President Obama’s frivolous fiscal cliff proposal of last week. At first blush, it appears little more than categorical, pre-emptive capitulation. To be fair, the details of the Republican proposal are extraordinarily vague. Nor is much clarity or comfort gained from … More

    The Odd September Unemployment Rate: When Good Surveys Produce False Results

    What’s behind the seemingly sudden drop in the unemployment rate? While the economy stumbles along, no one would expect a sudden jump in employment. Job growth has averaged about 100,000 per month over the past six months, roughly consistent with other economic indicators suggesting slow growth. But the Labor Department … More

    Two Huge Flaws in the Legend of the Clinton Economy

    Two inescapable flaws mar the Clinton economic legend. One is conveniently papered over; the other conveniently forgotten. Even so, a flawed legend is better than the economic reality President Obama’s policies have produced, so it is no surprise the sitting President has outsourced his economic messaging to the former President. … More

    CBO Appears Immune to Embarrassment

    The Congressional Budget Office (CBO) just released its latest concocted quarterly estimate on President Obama’s failed stimulus. CBO’s findings are as preposterous as its 11 previous studies of the stimulus, discussed here, here, and here. The story doesn’t change, because CBO’s faulty analysis doesn’t change. Each time CBO does an … More

    CBO Warns: President Obama and Congress Risk Triggering Another Recession

    About 1.6 million American jobs hang in the balance. That is the clear implication of analysis contained in the annual budget update by the Congressional Budget Office (CBO). Along with all manner of dire and dreary budget data reflecting President Obama’s budget and economic policies to date, CBO provides its … More

    What About the Payroll Tax, Mr. President?

    Finally, President Obama has awakened to at least a part of Taxmageddon as it barrels down on American taxpayers next year and drags down job growth this year. Was he previously unaware of it? Did he just decide it matters, given the recent pattern of weak job growth? So the … More

    The Carney Kool-Aid and Obama’s Fiscal Fantasyland

      It’s hardly rare for politicians in Washington to say things that make one wonder what color the sky is in their world. Vice President Joe Biden has offered a steady stream of examples, demonstrating again that sometimes an old dog can’t unlearn old tricks. But in the press gaggle … More