Yesterday in Walt Disney World, the land “where dreams come true,” President Barack Obama appeared before Cinderella’s Castle to announce his latest plan to boost jobs in America–an effort to increase tourism to the United States. His announcement came one day after he flat out said “NO” to another plan that would have directly created at least 20,000 truly shovel-ready jobs–and 179,000 American jobs by 2035–while bringing more than 700,000 barrels of oil to the United States each day. That plan was the Keystone XL pipeline. Had the President approved …
Stories are powerful. They help us relate to other individuals and communicate complex issues. They are an essential ingredient to making policy change in Washington. That’s why we’re asking for your help. The Heritage Foundation is seeking examples of individuals, entrepreneurs and business owners who have been negatively affected by the federal government’s regulatory overreach. We want to spotlight Americans’ experiences with Washington’s red tape. You can help us by filling out the form below. Our goal at Heritage is to reduce government interference and eliminate unwarranted government intrusion into …
President Obama’s Council on Jobs and Competitiveness released its third report January 17 entitled “Road Map to Renewal,” a worthy description of serious issues affecting the American economy coupled with set of proposals that, with few exceptions, can best be described as pretty thin gruel. The council—chaired by Jeffrey R. Immelt, the chairman and CEO of GE—was obviously constrained in many cases by political considerations imposed on it either by the Obama Administration or by itself as it recognized the political season. However, this report will likely be best known …
The People’s Republic of China’s (PRC’s) relationship with Iran receives a good deal of attention. As the U.S. considers how to stop Iran’s nuclear weapons program short of military action, the PRC is considered vital in ensuring economic sanctions are effective. But it has been difficult to win Chinese cooperation in applying sanctions. One mistake the U.S. may have made is treating China as a unified entity. It is true, of course, that the PRC has a tightly controlled political system. There is one ruling party, a powerless legislature, and …
UPDATE: Many people have been asking about the schedule of the bus tour. The most current schedule can be found at http://www.valuesbus.com/ The United States is at a crossroads. Over the course of the next 10 months, Americans will watch as the future of our country is debated — state by state, county by county, and town by town. In the 2012 presidential election, voters will make a fundamental decision that will have vast implications for future generations and the very survival of the American dream. That’s why today The …
UPDATE: The U.S. Energy Information Administration announced on Jan. 27 that data used for its study of oil and gas production on federal lands was “incomplete.” The EIA is currently reviewing information from the Department of Interior and will correct its report upon completion. — In his announcement rejecting the Keystone XL pipeline today, President Obama boasted that under his administration, “domestic oil and natural gas production is up.” Obama, of course, failed to mention that his administration can’t actually take any credit for the increase. The vast majority of …
Barron’s published its year-end roundtable discussion with 10 money managers and financial market experts on Saturday. The star investors voiced their concerns about three government-related problems that threaten economic growth and prosperity in this country. 1. Cumbersome government regulations are holding businesses back and discouraging investors from investing in American companies. Mark Faber, editor and publisher of the Gloom, Boom, and Doom Report in Hong Kong, warns, “The regulatory environment is bad under the current administration. I don’t see a lot of people wanting to invest in the U.S. Statistics …
Free-market capitalism is losing supporters these days. Wall Street occupiers blame banks, financial firms, and Wall Street for the bad economy. President Obama derides free markets, in true straw-man fashion, as you’re-on-your-own economics with “a free license to take whatever you want from whoever you can.” Even some Republican presidential candidates have inveighed against capitalism. What about the Founders? What did they think about free-market capitalism? Although the term capitalism was scarcely in use at the time of the Founding, the Founders supported the principle of economic liberty underlying it. …
So you think you’re free? Thanks to big government spending and exploding debt, the United States — and indeed the world — is less economically free today than it was a year ago, according to the 18th annual Index of Economic Freedom, released yesterday by The Heritage Foundation and The Wall Street Journal. Economic freedom — the ability of individuals to control the fruits of their labor and pursue their dreams — is central to prosperity around the world. Heritage and The Wall Street Journal measure economic freedom by studying its pillars: the …
Today, the 2012 Index of Economic Freedom launches. For 17 years, The Heritage Foundation and The Wall Street Journal have reported on the status of economic freedom around the world, measuring 184 nations across the globe according to rule of law, limited government, regulatory efficiency, and open markets. Globally, the 2012 Index noted a general decline in economic freedom across the board, with nations throughout the world unsuccessfully trying to “spend their way out of recession.” The United States itself dropped from ninth to 10th, continuing a slide that last …
