The Heritage Foundation is no believer in Keynesian economics. There simply is no credible evidence that it works. But there are many in President Barack Obama’s administration that are Keynesians. And before they were in Obama’s administration, some even laid out what a stimulus package would have to have in …
In these opening hours of the federal administration of change, it would appear very little is different. The ill-conceived big-government schemes of the past are being given a 21st Century spin, but are nonetheless the same policies shown to fail mankind over and over. Fortunately, Texas is more wisely governed. …
Remember the media’s relentless criticism of the Bush Administration’s “groupthink” leading up to the Iraq War? Now the media is engaged in its own groupthink on how best to stimulate economic growth. The great macroeconomic debate of the past century has been over the role of government in economic growth. …
The federal stimulus package is allowing the Governor and Legislature to put off making the hard and necessary decisions to put Maine’s economy on a sustainable, long-term financial footing. For example, recent research by The Maine Heritage Policy Center finds that the state workforce is both over-employed and over-paid when …
Pushing for deficit spending as part of his own economic stimulus package in 1971, President Richard Nixon famously told ABC News, “I am now a Keynesian in economics.” Increasingly, it seems that everyone on Capitol Hill is adopting Nixon’s economic views … but a thousand times worse. Where Nixon wanted …
For over a year, the federal government has been trying to stimulate the economy using the same Bush/Obama Borrow and Bailout approach. Specifically policymakers have: Increased total federal spending by 11 percent to nearly $3 trillion; Enacted $333 billion in “emergency” spending; Enacted $105 billion in tax rebates; and Pushed …
While he spoke about moving forward, and promised change as we look toward the future, in fact President Obama’s inaugural address was firmly entrenched in discredited policies of the past; policies that never worked. For example: “Now, there are some who question the scale of our ambitions — who suggest …
President Barack Obama wants us to put away out “childish” disagreements. But there is nothing childish about the very real concerns many economist have about his $800 billion soon to be over $1 trillion stimulus package. Those with very adult doubts about how borrowing another dollars can save our economy …
Just like all his other speeches, President Barack Obama’s inaugural address delivered lofty rhetoric yesterday, but as is often the case with Obama, the speech provided more heat than light when it came to tough issues. Seeking to set a tone of accountability, Obama said: Our economy is badly weakened, a …
U.C. Berkeley Economics professor Brad DeLong has made it his mission to label any economist who says anything bad about Barack Obama’s deficit spending plan as “ethics-free Republican hacks.” To this end he has compiled a list Republican former members of the President’s Council of Economic Advisers who have either …
