• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • economic stimulus

    Guest Blog: Stimulus Strings Will Hobble Budget Options in 2010

    File this away in the “I told you so” budget commentary section. Last April, legislators hobbled together nearly $5 billion in one-time funds to balance the budget–including about $3 billion in federal stimulus funds ($4.1 billion total if you count the 2007-09 supplemental). In their eagerness to gobble up as … More

    White House: 3.6 Million Jobs Lost is "Quite Positive"

    The Obama administration released the first hard numbers on how many jobs their $787 billion stimulus package has created or saved on Recovery.gov today. The number: 30,383 jobs from roughly $16 billion worth of stimulus contracts awarded directly by federal agencies. Crunching the numbers, that comes to $533,000 per job … More

    Spreading the Education Spending Fallacy

    Last week, New York Times columnist Paul Krugman tried to sell the merits of second “stimulus” by claiming education spending is being slashed, to the detriment of American students. He contends that education has suffered because of skepticism about the merits of government spending. Krugman writes: There’s no mystery about … More

    No JOLTS in Job Creation

    Unemployment has risen sharply during this recession and has almost reached 10 percent of the workforce. However policy makers have paid relatively little attention to why unemployment has risen so sharply. With so much coverage of the collapse of the auto industry in Detroit, the finance industry in New York, … More

    What A Difference A Page Makes

    On page A27 of today’s New York Times, Paul Krugman is at it again. Spending trillions of dollars we don’t actually have is what saved us from disaster, but we need to spend more! More! More! Krugman has written the same thing so many times, he apparently doesn’t need to … More

    Stimulus Transparency Fail

    The Denver Post reports: The goal was to build a reporting system that allows the public to follow the zigzagging paths of dollars awarded under the $787 billion federal stimulus package. A financial GPS of sorts. But despite federal lawmakers’ pledge of transparency, the final stages of most money trails, … More

    Stimulus Is Destroying, Not Creating Jobs

    Even as National Economic Council Director Lawrence Summers says the stimulus is working he also warned that he expects unemployment to remain unacceptably high for years to come. Unfortunately, Summers is half right: unemployment will probably stay high, but because of – not in spite of – the stimulus bill. … More

    Sunday Funnies

    The August Jobs Report: Mission Not Accomplished

    In his speech at the Brookings Institution yesterday, Vice-President Joseph Biden claimed credit for saving between five hundred thousand to one million jobs. There is no way to measure the number of jobs saved by the stimulus bill. A better way to judge these figures is by the Administration’s own … More

    Morning Bell: President Obama's Failed Stimulus

    When President Barack Obama sold his $787 billion stimulus package to the American people, he set one metric for success: jobs. Specifically, President Obama promised the American people he would create 4.1 million jobs by the end of 2010. According to the President’s plan, the stimulus should have lowered the … More