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  • economic recession

    Backdoor Bailouts Begin

    The Treasury Department’s release of $100 million from the Hardest Hit Fund last week amounts to a federal bailout of five Michigan cities without congressional oversight or approval. The Hardest Hit Fund, part of the 2008 Troubled Asset Relief Program, was intended to provide assistance to homeowners in states particularly … More

    In Their Own Words: Spending Our Way Out of the Recession

    House Majority Whip Rep. James Clyburn (D-S.C.) was quoted in The Hill earlier this week discussing the country’s economic outlook. Despite the President’s recent efforts to talk about savings, Rep. Clyburn took a different tack, saying that “wouldn’t help alleviate the recession.” He added, “We’re not going to save our way out of this recession. We’ve got to spend our way out of this recession, and I think most economists know that.” More

    Guest Blogger: Wally Herger (R-CA) on Maintaining U.S. Competitiveness

    Three years ago the U.S. finished negotiating a free trade agreement (FTA) with Colombia that would have given American businesses reciprocal access to the Colombian market that Colombian companies have been receiving for years. Two years later, in an unprecedented move, Speaker Pelosi denied the FTA an up or down … More