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  • Obama’s failed stimulus

    Senate Bails Out the Rich Again

    The Washington Post reports: The Senate voted Wednesday to renew the government’s $8,000 tax credit for first-time home buyers through the first six months of next year as part of a broader bill designed to extend unemployment benefits. Heritage fellow Ronald Utt explains why this is terrible public policy: Under … More

    The True Cost of the House Health Bill: $1.5 Trillion

    Nancy Pelosi has unveiled the new health care bill in the House after merging together three different versions of legislation. To appease moderate Blue Dog Democrats and to meet President Obama’s oft-stated promise that reform wouldn’t cost more than $900 billion in the first ten years, Speaker Pelosi sought to … More

    Job One is to Tell the Whole Jobs Story

    Whenever government throws billions of dollars at the economy, one would certainly expect to find some jobs at the end of those dollars. President Obama has worked hard to convince the nation that the mega fiscal stimulus he signed into law produced some 650,000 jobs. This PR blitz is amazing … More

    Obama's TARP Bailouts Fueling Ponzi Economy

    The Wall Street Journal reports: GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third helping of taxpayer money, people familiar with the matter said. The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into … More

    A Health Bill for the Record Book!

    On Monday the Senate Finance Committee unveiled the legislative text of S. 1796 — dubbed “America’s Healthy Future Act” — revealing to fans of legislative “bloatware” a new one for the record book! Not only does this latest entry in the Congress League’s 111th season “monster bill” competition outstrip all … More

    Simplify Small Business Taxes Before You Subsidize Small Business Loans

    Obama promised that the stimulus would “create or save” 3.5 million jobs, and significantly tempter the rising unemployment rate. Now that it is clear that his plan has failed to save or create jobs, and unemployment is still rising, Democrats are reaching out to small business. “Small business is the … More

    Stimulus Fail: Study Finds Job Losses in 49 of 50 States

    In mid-February, President Obama signed the massive $787 billion stimulus bill into law. According to the Bureau of Labor Statistics, a net of 3.6 million jobs have been lost since Obama was sworn in. In addition, the numbers show that the unemployment rate has risen from 7.6 percent to 9.8 … More

    Obama is Turning Social Security into Welfare

    Last week President Barack Obama announced he wants to give every Social Security recipient a $250 payment to make up for the fact that they will not get a cost-of-living adjustment (COLA). The Washington Post describes this as a one-time payment. They are wrong. George Will explains: “This is the … More

    Stimulus Fail: New Hampshire Edition

    Rep. Carol Shea-Porter (D-NH) on WMUR last night: “I know that it has created some jobs but clearly but clearly not what we were anticipating.” [youtube]http://www.youtube.com/watch?v=z_Nu6TlbfME[/youtube] You don’t say:

    Half of Stimulus Jobs Saved in Education?

    Yesterday the Washington Post reported: Federal economic recovery aid has created or saved 250,000 education jobs, the Obama administration announced Monday, although states and school systems continue to face enormous fiscal pressures. But earlier this year Vice President Joe Biden told the Brookings Institution: Two hundred days ago, President Obama … More