Visit msnbc.com for Breaking News, World News, and News about the Economy This morning on the Today show, Jim Cramer, who hosts CNBC’s Mad Money and is a former hedge fund manager made some bold statements on the Obama Administration’s response to the economic crisis. Given Jim Cramer’s history of …
Yesterday, just days after President Barack Obama signed his economic stimulus measure, the White House released a statement claiming credit for the reopening of a window and door factory in Chicago. Vice President Joe Biden said, “The reopening of this factory and the rehiring of these workers provide an excellent …
Will the Stimulus plan currently proposed by Congress actually create jobs? The short answer is no. The longer answer is the government cannot create jobs; the government can only transfer or redistribute jobs. As Heritage Senior Budget Analyst Brian Riedl says, “[B]efore the government can spend $1 billion hiring road …
Tax reform, not reckless government spending, is the way to revive the ailing U.S. economy. American entrepreneurs and businesses carry heavy taxes on their backs as they compete in the global marketplace, from India to China and Canada to Russia. Other nations followed the U.S. example in 1986 by cutting …
Bill Beach, director of Heritage’s Center for Data Analysis, explains that aggressive tax relief would create or protect 3 million jobs between 2009-2011. [youtube]http://www.youtube.com/watch?v=Z7TBbOr6BWA[/youtube] Further reading: Any Stimulus Legislation Must Include Budget Reforms to Address Long-Term Challenges Economic Recovery: How Best to End the Recession Economic Stimulus: Dos and Don’ts
Heritage’s Brian Riedl appeared on C-SPAN’s “Washington Journal” this morning to debate Center for American Progress fellow James Kvaal about President-elect Barack Obama’s spending stimulus. Check out Riedl’s Wall Street Journal op-ed to understanding why government spending won’t stimulate the economy. [youtube]http://www.youtube.com/watch?v=m9sHyQ_IRt4[/youtube]
