In the Super Tuesday primary, the economy was the number one issue on voters’ minds, be they in Massachusetts, Georgia, Ohio, or Virginia. And that wasn’t because they were happy about high unemployment and slow wage growth. Yet according to President Barack Obama, “the economy is getting stronger, and the …
In a move designed to make it easier for smaller businesses to raise money for expansion and job creation, House Majority Leader Eric Cantor (R–VA) has announced that he intends to package together six existing smaller bills into a bipartisan package. The combination, to be known as the Jumpstart Our …
Yesterday, President Barack Obama ended his months-long press conference drought and faced the White House press corps. Unfortunately for the American people, questions on some of the biggest issues facing the country remain unanswered. The 100-ton elephant in the room that wasn’t discussed? The economy. Though the President would like to …
Does unprecedented deficit-spending such as on highways stimulate the economy? For the last few years, some have argued it could. Some have argued it might. Some have argued it would if done right. We have consistently argued that deficit spending on highways or anything else intended to lift aggregate demand, …
The Obama Administration voiced its support Monday regarding TransCanada Corporation’s plans to construct the interstate portion of the Keystone XL pipeline that does not require presidential approval. Remember that President Obama rejected TransCanada’s permit application to construct a 1,700-mile pipeline from Alberta, Canada, to Texas refineries just this January. Has …
One reason economists sometimes compare themselves to astrologers is that their forecasts are often equally accurate. But when it comes to analyzing government policy, economists have trouble even figuring out what happened in the past. Case in point: The most recent Congressional Budget Office (CBO) report of President Obama’s $831 …
