The New York Times reports today that only 8.4% of the $3.2 billion Congress included in President Barack Obama’s failed stimulus to create green jobs by improving energy efficiency has been spent through July. From the NYT: The program was to provide money for the purchase of better lighting or heating and cooling equipment for buildings like city halls and schools. But it is off to the same slow start as a bigger program that was initiated at the same time to weatherize the homes of low-income people around the …
Was the stimulus (A) a job creation bill or, (B) a liberal spending wish list? A new Government Accountability Office (GAO) study suggests that option B is closer to the truth. Small wonder it did not bring unemployment down. Obama publicly argued that America needed the $862 billion bill to create jobs and singled out “green job” spending as the key to an economic recovery. The stimulus itself, however, looked a lot like not letting “a good crisis go to waste” and pouring public money at liberal special interests. Remember …
The latest attempt by Congress to wrestle the high unemployment rate is the HIRE Act, which is little more than a tax holiday for companies who hire additional workers. Even if this Act works as intended and encourages businesses to hire more workers, which in and of itself is not a guarantee, then other measures undertaken by the Obama Administration have the opposite effect, by actually stifling hiring by business. Some of the measures that counteract intentions of the HIRE Act are the minimum wage increases of the last few …
In today’s Wall Street Journal, former President Bill Clinton’s pollster Doug Schoen writes: “Sen. Evan Bayh’s stunning decision to retire should serve as more than a wake-up call to Democrats. It should spur a fundamental re-examination and reorientation of the party’s policies, practices and approaches leading into the fall election. Let’s be clear. The Democratic brand is in trouble — big trouble. … The Democrats need to do a number of things. First and foremost, they need to recognize there is only one fundamental issue in America: jobs.” Unfortunately, the …
A $5 billion stimulus program to weatherize homes is off to a shaky start. ABC News reports that at the end of 2009, only 9,100 have been weatherized to save energy through the American Reinvestment and Recovery Act. $522 million of the $5 billion has been spent thus far, which equates to over $57,000 per home. That’s quite a slow for a stimulus bill that was supposed to be timely and effective; the goal of the plan was to cover 593,000 homes from the passage of the stimulus bill through …
For years, many liberals have claimed that the problem in American public education is that No Child Left Behind has been “under-funded.” Of course, federal spending on K-12 education programs is on pace to grow by 36 percent during the Bush presidency. But hey, who cares about actual budget numbers when it comes to scoring points with soccer moms in the political race to “fix” our public schools? Tomorrow, Congressional Democrats plan to teach parents and taxpayers a lesson about the Left’s real priorities for public education. The House of …
Even under very conservative assumptions, Lieberman-Warner will cost the US economy 500,000 jobs by 2030. Traditionally union heavy sectors like manufacturing and energy production are the hardest hit. So how did environmental activists get unions like the United Association of Journeymen of the Plumbing and Pipefitting Industry to support carbon capping? The answer hearkens back to the world’s oldest profession: cold hard cash. Unions are signing on the the Lieberman-Warner bill because it is the largest tax increase in the history of mankind and liberals in Congress can’t wait to …
