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    Morning Bell: President Obama's Failed Stimulus

    When President Barack Obama sold his $787 billion stimulus package to the American people, he set one metric for success: jobs. Specifically, President Obama promised the American people he would create 4.1 million jobs by the end of 2010. According to the President’s plan, the stimulus should have lowered the … More

    The Government Does Not Create Jobs, Rep. Mica

    During yesterday’s House Transportation and Infrastructure Committee Rep. John Mica (R-FL) claimed: “Every billion dollars in spending on infrastructure, on highway and transportation expenditures does result in 35,000 new jobs.” Too bad Mica wasn’t listening to the Ways and Means Hearing across the hall where economist Alan Viard told the … More

    Different Tax Plans, Different Futures

    It looks more and more like Joe the Plumber was on to something about taxes, though you wouldn’t know if from most of the polls and media. The Heritage Foundation has the details in our new study: If a President McCain got his way on tax reform, Americans could expect … More

    Video: Comparing the Obama and McCain Tax Plans

    Joe the Plumber helped reshape the presidential debate around the issue of taxes. So how do the two candidates’ proposals compare? What plan is better for the economy and job creation? Rea Hederman, senior policy analyst and assistant director of Heritage’s Center for Data Analysis, explains the differences between Barack … More

    Trading Our Way Around Recession

    In today’s Washington Post, Peterson Institute for International Economics director C. Fred Bergsten looks at anti-trade rhetoric emanating from the campaign trail and responds: [T]heir tone obscures a major success story: the dramatic improvement in our balance of international trade. This export boom has saved us from recession over the … More

    It's Worse Than We Thought!

    Yesterday we detailed why Barack Obama’s high-tax/high-spending plan to grow the economy was doomed to fail. On the spending side we highlighted that Obama promises to spend $60 billion on infrastructure that he claims will create 2 million new jobs. In addition to pointing out that some studies concluded that … More