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    Obama’s MCC Rewards Bad Behavior in El Salvador

    Last week, the U.S. government’s Millennium Challenge Corporation (MCC) approved a five-year, $277 million foreign aid compact with El Salvador. But, as Mary O’Grady reports in The Wall Street Journal, since the ruling FMLN party came to power in 2009, El Salvador has become poorer, less democratic, and less free. … More

    Time to Transform the African Growth and Opportunity Act

    U.S. trade with Africa is estimated to have generated about 100,000 jobs in the United States in the past 13 years, due to the African Growth and Opportunity Act (AGOA) of 2000. American and African officials recently met at the annual AGOA Forum in Ethiopia’s capital of Addis Ababa to … More

    Americans Don’t Need More of Obama’s Stimulus Spending

    In a series of campaign-style speeches, President Obama has laid out recycled economic proposals, which include yet another tax increase to pay for $50 billion in new infrastructure stimulus spending. This after Washington already spent $70.6 billion under the American Recovery and Reinvestment Act in 2009. The trouble is that … More

    Accounting for Facts While Courting Vietnam

    Fact: When the United States negotiates trade agreements with countries that oppress their people, the opportunity exists to liberalize institutions and ultimately create political reform—provided we have leadership with the vision to do so. Seeking economic growth, the government of Vietnam is slowly liberalizing key economic sectors. Vietnam’s inclusion in … More

    900,000 Reasons Obamacare Is Bad: Moving Americans from Work to Welfare

    Obamacare is not only hurting small businesses and economic growth. It might also give nearly a million low-income individuals a reason to leave work for welfare. A new study from the National Bureau of Economic Research by professors from Columbia University, Northwestern University, and the University of Chicago argues that, … More

    White House Report Ignores That We Need a Better Economy, Not Amnesty

    The White House yesterday released a report with state-by-state projected impacts from “commonsense immigration reform” that is “like the Senate bill.” It is the latest in a series of reports from various governmental and private firms that show that the economy will be bigger with increased immigration. On its face, … More

    As Commodities Prices Fall, Economic Freedom Should Rise

    New reports are hinting that an end to the decade-long run-up of the prices of commodities prices is here. For years, emerging markets such as China rapidly sucked up natural resources to fuel their hasty economic expansions, inflating the cost of commodities such as coal, iron, and oil. Meanwhile, resource-endowed … More

    Economic Growth Remains Too Slow Because of Policy Uncertainty

    Today’s report on gross domestic product (GDP) shows that not much changed in the economy during the second quarter. The Bureau of Economic Analysis’s initial estimate shows that economic growth was just 1.7 percent from April 1 through June 30—well below the rate the economy should be growing this far … More

    Obama’s New "Grand Bargain" Is Another Tax Increase

    President Obama gave his second in series of summer speeches on the economy today. Like his first speech last week, he recycled several old policies that he’s trotted out before. The only new policy of note was another attempt at a so-called “grand bargain.” The President’s latest iteration of a … More

    Millennium Challenge Corporation Goes Off Course in Georgia

    The U.S. government’s Millennium Challenge Corporation (MCC) Board of Directors recently approved a five-year, $140 million compact with the nation of Georgia “to increase the quality of human capital by investing in science and technology education and workforce development” with an emphasis on science, technology, engineering, and math (STEM)” and … More