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  • economic stimulus

    Morning Bell: We Can't Spend Our Way to Recovery

    When President Barack Obama was selling his economic stimulus plan to the American people, he promised that, if enacted, the legislation would prevent unemployment from rising above 8%.  $3 billion in Cash for Clunkers bailouts, $10 billion in government union bailouts, $16 billion in Medicaid bailouts, $13 billion in home … More

    Obama's Failed Stimulus and Opportunities Forgone

    The immediate effects of Obama’s policies are easily seen. We can observe the workers of which billions of dollars have been spent to employ. We are aware of the entitlement checks given by the pen stroke of congress. It is inferred that the recovery plan actually recovers. However, Obama’s legislative … More

    Another Obama Economist Jumps Ship

    According to reports, Christina Romer, Chairman of the President’s Council of Economics Advisers (CEA) is calling it quits.  Why does this matter? Another ignored economist leaves Washington with a slightly tattered professional reputation to be received joyously back in the arms of her colleagues in academe having served in a … More

    Summertime Blues for the Taxpayer

    Sens. Tom Coburn (R-OK) and John McCain (R-AZ) have put out an excellent report on the 100 most wasteful projects funded in President Obama’s $862 billion Stimulus plan.  The report, Summertime Blues, is important for conservatives to read from cover to cover.  This report contains some of the most egregious … More

    Obama's Bogus 8 Million Jobs Saved

    By the only objective standard available, President Barack Obama’s $862 billion economic stimulus has been a complete failure. His administration promised the American people that if the stimulus passed unemployment would never be higher than 8%. It blew past that and hit 10.1% in March 2009 and currently stands at … More

    Market Loser Is a Political Winner

    President Obama has picked another “winner” among green technologies meant to portend an energy revolution. This time it is a Korean-owned battery factory in Michigan, part of a $2.4 billion government investment in electric car battery technology in spite of a global glut of battery supply. However, the question is … More

    On Stimulus, Krugman Feints, Mankiw Parries, Both Miss

    It often happens that flawed theories put into practice expose their internal inconsistencies for all to see before long. We now see this playing out in the case of Keynesian stimulus and the U.S. economy, and the stimulus defenders are at a loss. By any measure, the Keynesian debt-based stimulus … More

    Pelosi: Unemployment Benefits Biggest Stimulus for Economy

    Last week in a legislative briefing Speaker of the House Nancy Pelosi (D–CA) stoked the unemployment insurance (UI) debate by stating that unemployment checks are the fastest way to create jobs. Let me say that unemployment insurance… is one of the biggest stimuluses (sic) to our economy. Economists will tell … More

    Why Obamanomics Has Failed - Annotated

    Carnegie Mellon University economics professor and American Enterprise Institute visiting scholar Allan Meltzer has a must read op-ed in today’s Wall Street Journal titled: Why Obamanomics Has Failed: Uncertainty about future taxes and regulations is enemy No. 1 of economic growth. It is re-posted in its entirety below but as … More

    G-20: Obama Keeps Talking, But The World Has Stopped Listening

    Although Canada’s taxpayers were forced to spend one billion dollars for security at the G-20 Summit in Toronto last weekend, more than 600 people were arrested after a roving bands of protesters shattered shop windows for blocks.  At that point, as Mark Steyn points out, the “insecure dweebs of the … More