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    CBO's Stimulus Review: As Good as a Horoscope

    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 … More

    Morning Bell: Obamanomics Has Failed

    Three years ago today, President Barack Obama signed into law his trillion-dollar stimulus plan, a measure that he promised would save or create 3 million jobs by the end of 2010 and would prevent unemployment from ever going above 8 percent. And though the President today will likely claim that … More

    In Pictures: Facts about America's Slow Economic Recovery

    Sure, the U.S. economy is recovering, but it’s doing so at a very…slow… rate. Some on the left, including the President, paint America’s bounce-back as a roaring surge of job creation, but in truth it’s more of a whimper, as the following four charts show. 1) The recovery is still … More

    Boehner's Payroll Tax Holiday Still Not Stimulus, but Extension Still Easy Call

    This is no time to be raising taxes on anyone. This is sufficiently obvious that even President Obama and House Republicans agree on it. And so now all sides support a simple extension of the payroll tax holiday through 2012. Hallelujah. It’s about time. The payroll tax holiday began in … More

    Side Effects: Obamacare Tax Will Kill Jobs, Strangle Medical Device Industry

    Last week, the IRS released its proposed plan to implement the 2.3 percent excise tax on medical devices designed to help foot the bill for Obamacare. Harmful effects of the health law’s new taxes and requirements on business continue to emerge as its implementation continues. As Heritage’s Curtis Dubay explains, … More

    Morning Bell: Job Growth Should Be Stronger

    The Obama Administration and the nation have cause to breathe a sign of relief as today’s monthly jobs report shows 243,000 jobs were created in January. Those numbers are of course good news, another positive sign of recovery, and another clear indication of the enduring strength of the American economy … More

    Time to End Energy Tax Subsidies

    Today, Senators Jim DeMint (R–SC) and Mike Lee (R–UT) introduced legislation that would move the United States a giant step forward in making our country’s energy market freer by eliminating targeted tax credits for energy sources and technologies. Their legislation, a companion to Representative Mike Pompeo’s (R–KS) bill, would force … More

    Obama's Words Don't Match with Action on Oil and Gas

    At this State of the Union address, President Obama proudly stated that “American oil production is the highest it’s been in eight years” and declared that his Administration would “open more than 75 percent of our potential offshore oil and gas resources.” While President Obama spoke favorably of the role … More

    Blocking Real Jobs for Green Fallacy Is No Way to Strengthen Economy

    Leading up to his third State of the Union (SOTU) address tonight, President Obama appears once again less interested in facilitating real job growth than in creating the mere appearance of job creation. In a SOTU preview video released over the weekend, Obama declared that American energy fueled by homegrown … More

    Chart of the Week: Slow Job Growth Means a Slow Economic Recovery

    President Obama will deliver his third State of the Union address on Tuesday night. According to a preview video released this weekend, the speech will outline Obama’s vision for improving the economy and creating jobs. With an unemployment rate of 8.5 percent, there’s much work to be done. But after … More