It’s been one week since President Barack Obama announced his latest “stimulus” plan, and despite a cross-country road show aimed at selling his proposals to the American people, the commander in chief is finding that his message of more taxes and spending isn’t hitting home. Meanwhile, House Budget Committee Chairman …
The House of Representatives is poised to pass legislation today that prohibits the National Labor Relations Board from interfering in the business decisions of U.S. companies. The bill would effectively end the NLRB’s complaint against Boeing’s expansion plans in South Carolina. Boeing came under attack from the NLRB in April …
President Obama’s plan for turning America around is big on new spending, with insincere promises of budget cuts to come later. In particular, the President called on Congress to spend an additional $5 billion on federal subsidies for the salaries of local police officers and firefighters. The additional $5 billion …
By most accounts, President Obama’s $800 billion “stimulus” bill that was passed in February 2009 with the promise of keeping unemployment below 8 percent was an absolute failure. However, last night in a speech to a joint session of Congress, the President demanded that it spend another $450 billion on …
President Obama tonight pitched Stimulus 2.0 to a reluctant Congress and an angry electorate. The President rolled out his “American Jobs Act” and demanded repeatedly for Congress to “pass right away.” The President’s plan is very similar to his original Stimulus plan that has proven to be a total failure in …
Heritage’s experts watched President Barack Obama’s jobs speech delivered to a joint session of Congress. Here are some of their immediate reactions: Jobs for Teachers? In his remarks tonight, President Obama argued that his jobs proposal would create more jobs for teachers. He went as far as to say laying …
Today the U.S. Bureau of Economic Analysis announced that the trade deficit for July fell by $6.8 billion. Exports increased by $6.2 billion and imports decreased by $500 million. Historically, decreasing trade deficits are often a sign of economic weakness. When workers are unemployed, they have less money to spend. …
There is an obvious omission from all the previews of the President’s upcoming speech on jobs: Obamacare. Obamacare is perhaps the most damaging of the Administration’s policies that are impeding the country’s recovery. At a time when there should be a focus on cutting spending, reducing regulation, and lowering taxes, …
Wonder who’s to blame for today’s stagnant economy? Look no further than 1600 Pennsylvania Avenue to see where the buck ought to stop. Though President Barack Obama constantly points fingers at others for America’s economic woes, his policies are to blame for preventing the U.S. economy from getting back on …
