Three weeks ago, Democrats took what President Obama dubbed a “shellacking” at the polls: Republicans picked up 62 seats in the House, enough to gain a majority, and six in the Senate. The next day, the post-election analysis and finger-pointing began. Defeated Democrats blamed the President. Defeated Republicans blamed the …
George Mason University economics professor Don Boudreaux offered a grim assessment of the economic stimulus package that’s making its way through Capitol Hill, questioning President Barack Obama’s contention that government must do something. “Conventional wisdom in Washington is that we must do something regardless of how wise or prudent it …
The Heritage Foundation and the Club for Growth are co-hosting a conference this morning titled “Economic Recovery: Free Markets vs. Big Government”. Kicking off is a panel on “Why the Stimulus Won’t Work” featuring Hillsdale history professor Burton Fulsom, Heritage Foundation senior fellow J.D. Foster, and CATO adjunct scholar Arnold …
The “cash for clunkers” plan recently proposed in Congress would provide a subsidy for a new car purchase to anyone willing to have their current car destroyed. But the economic rationale is eerily similar to the New Deal program most widely agreed to be a catastrophic failure: FDR’s agriculture plan …
Committed to the belief that bigger government is always better, Media Matters and Campaign for America’s Future are pushing back data showing that the New Deal never solved unemployment. Cutting through their rhetoric, both leftist organizations make the same narrow objection: that the data we use does not count make …
President-elect Barack Obama wants to blow at least $1 trillion, and probably more, on a New New Deal. Before he does, perhaps we should take a look at the real record of the Old New Deal on unemployment.
