• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Obama Jobs Gap

    Morning Bell: Holding Economic Recovery Hostage

    Last August, NBC News’ Chuck Todd posed a question to President Barack Obama from Elkhart, Indiana, resident Scott Ferguson: “Explain how raising taxes on anyone during a deep recession is going to help with the economy.” The President responded: “We have not proposed a tax hike for the wealthy that … More

    Obama Jobs Deficit Forcing Obama to Scramble

    The August jobs report shows the Obama jobs deficit at 7.5 million workers. The Obama jobs deficit is the difference between the current level of employment and the level he promised his stimulus policies would achieve at the end of 2010. The President boasted that his policies would create 3.5 … More

    Morning Bell: The Audacity of Failure

    In April, while campaigning in Pennsylvania, Vice President Joe Biden promised the American people: “I’m here to tell you, some time in the next couple of months, we’re going to be creating between 250,000 jobs a month and 500,000 jobs a month. … We caught a lot of bad breaks … More

    Obama’s Economic Slide

    The Commerce Department today revised down its estimate for second quarter gross domestic product from 2.4 percent to 1.6 percent. This is not a sign of a weakening economy but a weak economy last spring. The weakness was especially pronounced as the bulk of what growth did occur was due … More

    Another Obama Economist Jumps Ship

    According to reports, Christina Romer, Chairman of the President’s Council of Economics Advisers (CEA) is calling it quits.  Why does this matter? Another ignored economist leaves Washington with a slightly tattered professional reputation to be received joyously back in the arms of her colleagues in academe having served in a … More

    What Recovery Summer?

    The Obama Administration announced “Recovery Summer” in June to highlight the expected gains in jobs and economic strength resulting from Obama’s stimulus.. Well, maybe next summer. Initial estimates from the Department of Labor (DOL) suggest the economy shed a whopping 131,000 jobs in July while employment for the prior two … More

    Morning Bell: Why the Obama Stimulus Failed

    Today, President Barack Obama will attend a groundbreaking ceremony in Holland, Mich., for a South Korean-owned factory that will make batteries for electric cars. The purpose of the trip is to highlight the “success” of the President’s $862 billion economic stimulus package which the White House claimed yesterday has already … More

    Oh No You Didn't!

    Last week the Obama administration began rolling out new campaign titled, we kid you not, “Yes, we did.” Did what exactly? Waste nearly a trillion dollars on an economic stimulus that by every objective measure has completely failed to perform as advertised? Then yes you did. A new CBS poll … More

    Morning Bell: Anti-Business Obama

    It looks like the Obama spin machine is at it again, this time launching a concerted effort to rebut reports this week that President Barack Obama is anti-business. But given Obama’s record of stoking government intervention in the private sector and creating an environment of uncertainty poisonous to business growth, … More

    Private Sector Labor Market Far From Recovery

    Heritage analysts Rea Hederman and James Sherk write about the June Bureau of Labor Statistics (BLS) employment reportr: “(BLS) announced that net employment increased by 431,000 in May, and that the unemployment rate fell to 9.7 percent from 9.9 percent. While this appears to be good news, 411,000 of those … More