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    Krugman Wrong on Cap and Trade Costs

    Paul Krugman blasted opponents of cap and trade and The Heritage Foundation in his New York Times column today, saying: So where do the apocalyptic warnings about the cost of climate-change policy come from? Are the opponents of cap-and-trade relying on different studies that reach fundamentally different conclusions? No, not … More

    Morning Bell: President Obama's Failed Stimulus

    When President Barack Obama sold his $787 billion stimulus package to the American people, he set one metric for success: jobs. Specifically, President Obama promised the American people he would create 4.1 million jobs by the end of 2010. According to the President’s plan, the stimulus should have lowered the … More

    Obama's Battle of the Bulging Deficit

    “We’ll Need To Raise Taxes Soon” opines Roger Altman, a former Deputy Treasury Secretary under President Clinton, in a Wall Street Journal editorial today. Of course, he comes to this conclusion because deficits are high, excessive entitlement spending continues to darken the budget outlook, and, well, that’s the solution he … More

    Brookings: Cap and Trade Will Cost Jobs and GDP

    The Brookings Institution released their own analysis of analysis on the costs of cap and trade yesterday. Unlike Heritage’s recent Center for Data Analysis study, the Brookings effort does not analyze any particular bill, but does look at the economic costs of four policy scenarios. Their conclusions: Welfare effects Loss … More