Almost four years after implementation of worldwide economic “stimulus,” global growth remains stalled. In the U.S., the unemployment rate is still over 8 percent. In the second quarter of 2012, official Chinese GDP growth slipped to 7.6 percent, the lowest in three years. According to its National Bureau of Statistics, …
New research suggests that legislators should cut spending and enact growth-inducing policies. The reasoning? According to the study, spending cuts can positively affect economic growth and are the only historically reliable way to lower deficits and debt. The authors of the study, Alberto Alesina and Francesco Giavazzi, write that “spending-based …
New legislation introduced in the U.S. House yesterday would prohibit the use of federal money for advertisements attacking products like Coke and Pepsi. Rep. Scott DesJarlais (R-TN) introduced the bill to counter a growing trend of anti-obesity ads that are funded by the Centers for Disease Control and Prevention, a …
Citizens across America will have a powerful tool to hold their elected leaders accountable come January. The House of Representatives today adopted new standards that increase transparency and improve access to legislative data. All of the information will be publicly available in a searchable format on one website. “With the adoption of …
President Obama’s economic stimulus was supposed to revive America’s economy and put people back to work. But nearly three years after Democrats rammed the bill through Congress, it’s a clear-cut failure. The nation’s 8.6 percent unemployment rate stands out as one of consequences. Then there is the high-profile Solyndra scandal …
In an exclusive interview with The Heritage Foundation, Senate Minority Leader Mitch McConnell (R-KY) sharply criticized President Obama for engaging in class warfare and accused him of shifting the focus away from his own failed policies in advance of next year’s election. “My view is he’ll have a hard time …
As part of President Obama’s economic stimulus, the federal government has doled out $230 million for communities to combat obesity rather than create jobs or boost the economy. In many cases, the funds are being used to attack American-made products like Coke and Pepsi. Advertisements undermining soft drinks can be …
The concept of a Keynesian stimulus never seems to tire among politicians eager to grow the economy artificially by spending other people’s money. Recently, Obama’s Secretary of Agriculture Tom Vilsack encouraged expanding SNAP, the Supplemental Nutritional Assistance Program aimed to help the poor, as a way to stimulate the economy. …
Rep. Jeb Hensarling (R-TX) is convinced that President Obama has no viable plan to revive the economy and reduce unemployment. Two years after the failed stimulus and a year since the administration’s “summer of recovery,” the unemployment rate now stands at 9.1 percent. Without much hope coming from the White …
Today marked the two-year anniversary of President Obama’s economic stimulus law. But based on the reaction from Capitol Hill, there was little reason to celebrate. Rep. Jim Jordan (R-OH) held a House Oversight and Government Reform Committee hearing Wednesday morning with Heritage’s J.D. Foster, George Mason University economics professor Russell …
