Heritage’s Bill Beach testified at yesterday’s Economic Recovery Working Group hearing on Capitol Hill about an alternative to the misguided Keynesian stimulus package liberals in Congress are advocating. The hearing came a week after President-elect Barack Obama invited alternative suggestions for promoting economic growth. Obama’s openness to alternatives prompted Republican …
Before President Bush took office, the federal government took in $2 trillion in revenue in 2000. As Bush leaves office, the federal government is expected to take in $2.4 trillion in 2009. In other words, after eight years under President Bush, the federal government is taking in $400 billion more …
Reuters reports: Obama to work to pass Bush trade deals WASHINGTON (Reuters) – President-elect Barack Obama wants to win approval of stalled free trade deals with Colombia, Panama and South Korea, but more work is needed on two of the pacts, Democratic lawmakers said on Wednesday. “The president-elect wants to …
One big worry for big government lovers who are pushing for Obama’s stimulus plan to include more government spending and less tax cuts is that “there’s a limited supply of ‘shovel-ready’ projects that can be started soon enough.” Thanks to mother nature this worry is now entirely misplaced. As the …
The Washington Post’s Ruth Marcus noticed that Obama’s labor secretary nominee Rep. Hilda Solis (D-CA) was a little less than forthcoming at her Senate confirmation hearing yesterday: Should President Obama lift the Bush-era executive order requiring that federally funded construction projects be open to both union and nonunion contractors? “Senator, …
Defending the Troubled Asset Relief Program The Washington Post’s Steven Pearlstein writes: Of course, because money is fungible, critics can always say that the Treasury money is now being used to pay excessive salaries or dividends, or finance unnecessary acquisitions — or, for that matter, to clean the toilets or …
Speaking on a panel at the New York Times Center this Sunday, NYT correspondent Peter Baker put the lie to President-elect Barack Obama’s economic stimulus speech from last week: He hasn’t asked anybody for sacrifice. His whole economic package is about giving things to people. Truer words were never spoken.
President-elect Barack Obama and President George Bush have joined forces to obtain the second $350 billion of the original $700 billion TARP bailout fund. There is way more than collegiality at work here. Obama and Bush are proving to be true ideological twins. With Treasury Secretary Hank Paulson at the …
Frank Ahrens tracked down two of “America’s remaining free-marketers” and asked them to rewrite President-elect Barack Obama’s claim that: It is true that we cannot depend on government alone to create jobs or long-term growth. But at this particular moment, only government can provide the short-term boost necessary to lift …
