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    Morning Bell: Job Creation Not Happening

    Today, the Department of Labor reported that 570,000 Americans filed initial claims for jobless benefits last week. This follows news from ADP Employer Services on Wednesday that private employers cut 298,000 jobs last month. As bad as these numbers sound (and they are bad) the real threat facing our nation’s … More

    Morning Bell: The Obama Fiscal Responsibility Farce Continues

    The federal government is estimated to run a 2009 budget deficit of $1.845 trillion. While it is true that President George W. Bush handed President Barack Obama a $1,186 billion deficit for the year, Obama has only added to that total to the tune of $659 billion. Worse, President Obama’s … More

    Rising Minimum Wages Cut Employment and Opportunity

    On Friday, the federal minimum wage will increase from $6.55 to $7.25, an increase of almost 10.6%. This increase is the final installment of the minimum wage increase that Congress added to the 2007 Iraq War spending bill. The program will raise the income level of many Americans who are … More

    Morning Bell: The Obama Jobs Gap

    Last Friday, the Bureau of Labor Statistics released its monthly job report showing that the economy lost 345,000 jobs in May. This brings the total number of jobs lost in the first full three months since the economic stimulus package was passed to 1.5 million jobs. Countering these inconvenient truths, … More

    Morning Bell: How Big Labor Hurts You

    Earlier this month, Service Employee International Union President Andy Stern told the Las Vegas Sun, “We spent a fortune to elect Barack Obama — $60.7 million to be exact — and we’re proud of it.” Stern should be proud of his $60.7 million investment. There is a good chance that … More

    A Carbon Tax Is An Economy Killer, Too

    In response to the Waxman-Markey cap and trade bill to reduce carbon dioxide and other greenhouse gas emissions, GOP lawmakers Bob Inglis of South Carolina and Jeff Flake of Arizona are set to introduce carbon tax legislation. A carbon tax is a direct, more predictable tax on carbon emissions, but … More

    Are You Smarter than a 5th Grader? The Milton Friedman Edition

    Maybe the title should be: Are you smarter than Congress? Either way, all signs point to yes. Milton Friedman offers some very good and relevant advice  in his interview with a 5th grader from 2003. [youtube]http://www.youtube.com/watch?v=MKke98eAfcQ[/youtube]

    The First 100 Days: Best and Worst Moments

    Early this morning we asked a question on the Heritage Foundation’s Twitter and Facebook pages: What were Obama’s best and worst moments in his 1st 100 days, in your opinion? The response was overwhelming. We had 130 comments on Facebook and over 100 replies/messages on Twitter. Although there were many responses, the theme … More

    Recession is Latin for Tough Love

    “There is no disagreement,” said President Obama, “that we need action by our government, a recovery plan that will help jump start the economy.” Those chilling words were said in January, but we were reminded of that sentiment yesterday when President Obama claimed that “…economists on both the left and … More

    Will Cap and Trade Jump Start America’s Economy?

    Although talk of the economy predictably dominated President Barack Obama’s news conference last night, his persistent focus has been health care, education and energy. Cap and trade to reduce carbon dioxide and clean energy investment were again the center of attention: When it comes to cap-and-trade, the broader principle is … More