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    Trade Promotion Authority’s Benefits Depend on the Details

    Legislation to give President Obama Trade Promotion Authority (TPA) was just introduced. TPA gives the President the authority to negotiate trade agreements, which are then presented to Congress for an up-or-down vote. When asked whether Congress should enact TPA legislation, Senator Ron Wyden (D–OR), who is likely to assume chairmanship … More

    December Jobs Report Shows More Americans Giving Up on Finding a Job

    The December jobs report is out – and it’s not full of delayed holiday cheer for Americans struggling in this economy. “Today’s jobs report gave a discouraging update on the health of the economy,” Heritage’s James Sherk, a Senior Policy Analyst in Labor Economics, tells The Foundry. “Employers added far … More

    Members of Congress Won't Read This Bill

    Passing bills to find out what’s in them… that was so 2010, right? Sadly, no. Any day now, Congress is likely to release the trillion-dollar Trojan horse that is the spending bill for 2014. It’s going to be big, and it’s going to be rushed. And few members of Congress … More

    The Problem With Obama's Promise Zones

    President Obama’s “promise zones” are unlikely to be a promised land for local residents. Obama formally announced the first five promise zones today, saying, “A child’s destiny should be determined not by her ZIP code but by the strength of her work ethic and the scope of her dreams.”  The … More

    Sorry, Janet Yellen, We Can’t Spend Our Way to Prosperity

    In spite of aggressive expansionary Federal Reserve policies and several rounds of fiscal stimulus since 2007, the U.S. economy has yet to take off. Nonetheless, some officials are refusing to give up and even explaining to the public exactly how these Keynesian stimulus policies will (eventually) work. In a Time … More

    The Benefits of Marriage to Low-Income Americans Aren’t Just About the Combined Paycheck

    Is splitting costs such as housing in half the only advantage marriage brings to helping eradicate poverty? Slate’s Matt Yglesias suggested that yesterday, writing, “Marriage ‘lifts’ families out of poverty not by increasing their incomes but by reducing what the federal government assumes their expenses to be. Single people often … More

    Five Economic Reforms That Are Actually Relevant to Millennials

    Good news, millennials: You don’t need to embrace socialist policies if you want to rejuvenate the economy – and your future. Rolling Stone published a piece last week purporting to promote “Five Economic Reforms Millennials Should Be Fighting For.” The author, Jesse Myerson, wishes that the government would hire everyone … More

    How to Fight Poverty -- and Win

    When President Johnson launched the War on Poverty on Jan. 8, 1964, he pledged “not only to relieve the symptom of poverty, but to cure it and, above all, to prevent it.” Sadly, the half-century legacy of Johnson’s Great Society has not lived up to that noble goal. The War … More

    2014: Obamacare Puts Down Roots for the Long Haul

    Yes, Obamacare has raised premiums, caused people to lose their health coverage, raised taxes, and more. But on January 1, Obamacare started digging in for the long haul: putting down the deep roots of entitlement programs. Entitlements—like the big three of Social Security, Medicare, and Medicaid—are the biggest causes of … More

    The President Thanks You For Sending Him To Hawaii For Christmas

    It would be nice to spend the holidays in Hawaii, wouldn’t it? In case you haven’t heard, President Obama and the First Family did just that — and they were spending your money. In a press conference today, White House Press Secretary Jay Carney confirmed that the family’s trip to … More