With the endorsement of Federal Reserve Chairman Ben Bernanke and lukewarm support from the White House, Congress appears intent on passing another economic stimulus bill, but before lawmakers rush back to Washington after Election Day, they ought to consider the differences between a good measure that helps the economy and …
China announced economic results yesterday. The results are simultaneously good, bad, and completely unbelievable. The good: GDP growth was put at 9% in the third quarter of this year. This would please almost any country in the world at almost any time. For this particular third quarter, the U.S. would …
Following the testimony this morning of Federal Reserve Chairman Ben Bernanke, the House Budget Committee turned to three economists for their recommendations. Bill Beach, director of Heritage’s Center for Data Analysis, outlined his views on crafting a long-term, pro-growth economic policy. Here’s video of his opening statement: [youtube]http://www.youtube.com/watch?v=LIfVkAL55ck[/youtube]
There are several issues in Washington this week following the passing of the Bailout legislation. Here are some key issues to be aware of this week: Congress passed a massive Continuing Resolution to fund the government for the next year and inserted some ridiculous earmarks and special interest projects. Some …
The $700 billion financial rescue that the House will vote on today is a significant improvement over the drafts released last Friday, and the Friday before that. According to the Congressional Budget Office, the plan will eventually cost “substantially less” than the oft-quoted amount of $700 billion, and it even …