Reuters has this morning’s bad news on the economic front: The U.S. economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period as consumer spending barely rose. The Commerce Department data on Friday also showed the current …
President Obama neglected to mention Millennials in his address to the nation Monday night. Ironic, since they are burdened with the responsibility of paying America’s debt. But that should come as no surprise. Young Americans are often overlooked in the political world. However, 18 to 29-year-olds have serious concerns about …
The Obama Administration has seen its fair share of milestones this month. Yesterday marked the first anniversary of the Dodd Frank Wall Street Reform and Protection Act, Obamacare is just over one year old, it has been more than 800 days since the Democrat-controlled Senate passed a budget, and the …
News on Thursday that there were more new jobless claims last week than initially expected gives new weight to the words of a pair of business leaders who recently singled out President Obama and his big-government approach to economic policy as key impediments to economic recovery. Stephen Wynn, CEO of …
In this week’s Heritage in Focus, labor economist Rea Hederman discusses last month’s job report. Listen to the full interview, here. Unfortunately, last month’s jobs report was the worst one in some time. We created a mere 18,000 jobs and the unemployment rate increased to 9.2 percent. Normally in a …
Four years after home values in America plummeted, fears over America’s housing market remain. In testimony before Congress yesterday, Federal Reserve Chairman Ben Bernanke cited “the continuing depressed condition of the housing sector” as one of the factors behind America’s sagging economy. In response to the poor market, the White …
