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  • double digit unemployment

    Morning Bell: The Copenhagen Climate Comedy

    Imagine an Alcoholics Anonymous meeting where all the members showed up drunk and with extra cases of wine, beer, and booze to keep them happy. Now imagine that that same group of drunks was empowered to make trillions of dollars worth of economic decisions for everybody in the world. This … More

    Obama’s Failed Stimulus in Pictures: Jobs Gap Grows to 7.6 Million

    Another month under President Obama, another 11,000 jobs lost, pushing the total Obama jobs deficit to 7.6 million. One day after the White House jobs summit admitted that the President’s policies — including the massive $787 billion stimulus enacted last spring — are not working to create jobs, the Department … More

    The November Jobs Report: Lack of Job Creation Making Jobs Difficult to Find

    The Bureau of Labor and Statistics released their November employment report showing the nation’s unemployment rate dropped all the way to 10%. While it is encouraging to see that the economy is beginning to recover, there are still some worrying data in the report. Heritage fellows James Sherk and Rea … More

    TARP: Will This Crony Capitalist Slush Fund Ever Die?

    It’s been used to buy one car company, give another to union allies, punish non-union workers, undermine the bankruptcy code, enrich Wall Street at the expense of Main Street, keep unionized Zombie firms from dying, and generally terrorize the world economy. Now the left in Congress wants to use it … More

    House Votes to Raise Death Tax

    The U.S. House of Representatives voted to permanently extend the death tax at its current 45 percent rate and $3.5 million exemption. This is a significant tax hike since the death tax was supposed to expire on January 1, 2010. The increase of the death tax is a major blow … More

    Morning Bell: The Definition of Economic Insanity

    In January 2008, the United States economy employed 138.1 million people and the unemployment rate stood at 4.9%. But the powers in Washington thought deficit spending could boost a slowing economy, so Speaker Nancy Pelosi (D-CA) passed and President George Bush signed a $168 billion economic stimulus bill made up … More

    House Votes to Kill Job Creation Again

    The Washington Post reports: The House approved Thursday a measure making the current estate tax rate permanent, overcoming the objections of an unusual coalition of liberal and conservative critics. The bill passed, 225 to 200, with 26 Democrats joining all Republicans present to vote no. It would make permanent the … More

    In the Green Room: GOP Whip Eric Cantor's 7 Point Job Plan

    [youtube]http://www.youtube.com/watch?v=aVhVxJyFPRY[/youtube] Yesterday, House Minority Whip Eric Cantor (R-VA) outlined a seven point common sense plan for job creation here at the Heritage Foundation. Item number 1: “Halt Any Proposed Rule or Regulation Expected to Have an Economic Cost, Result in Job Loss, or Have a Disparate Impact on Small Businesses.” … More

    The Jobs Summit: Jobs Failure 2.0

    The unemployment rate when President Obama took office last January was 7.6 percent and credit markets were in the throes of a global contagion. He immediately tasked Congress with passing a fiscal stimulus bill, and signed a $787 billion whopper in March. Politicians rarely admit mistakes, especially big ones. Even … More

    Why Big Government Stimulus Fails

    Today the White House will host a Forum on Jobs and Economic Growth featuring such leftist luminaries as Joseph Stiglitz and Paul Krugman. Yesterday The Heritage Foundation hosted House Minority Whip Eric Cantor (R-VA) for a presentation on his common-sense job creation plan. After Cantor spoke, Heritage fellow Brian Riedl … More