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  • Obama’s failed stimulus

    President Obama’s $1 Billion Earmark

    Sen. Tom Coburn (R-OK) likes to say that Congressional earmarking has become the gateway drug to federal overspending.  Is there any better evidence of this theory than President Barack Obama’s $1 billion earmark for a special project in Illinois that was slipped into his failed $862 billion stimulus?  According to … More

    Latest Bailout Paid for Only in Fantasyland

    The House of Representatives rushed back to Washington yesterday in the middle of their six-week vacation to pass yet another bailout. This latest one, $26 billion in total, temporarily saves state governments that have overspent for years from fixing their chronic budget problems. The newest bailout spends $10 billion for … More

    Another Recession, Already?

    When economists forecast the economy, they tend to draw straight lines. They figure out where we are and where we’re going, and they plot a line. In fact, neither contractions nor expansions are ever smooth. For various anomalous reasons in the economy and in the data, reported GDP movements are … More

    House Breaks Vacation Plans to Spend More Money

    One week ago, Members of the House of Representatives stopped spending taxpayer money and began a six-week vacation. Unfortunately, they came back five weeks early. House Speaker Nancy Pelosi has summoned Members back to Washington to debate an extension of Medicaid and education bailouts. The House will vote today to … More

    NYT Laments the Failure of a Doomed Policy

    The New York Times got it half-right. Friday’s jobs report was highly discouraging, causing the Times to reflect that “there’s just no positive spin for this.” And you’d better believe they tried. In July, there were 131,000 jobs lost, and the unemployment rate held steady at a worrisome 9.5 percent … More

    Obama's Failed Stimulus and Opportunities Forgone

    The immediate effects of Obama’s policies are easily seen. We can observe the workers of which billions of dollars have been spent to employ. We are aware of the entitlement checks given by the pen stroke of congress. It is inferred that the recovery plan actually recovers. However, Obama’s legislative … 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

    Summertime Blues for the Taxpayer

    Sens. Tom Coburn (R-OK) and John McCain (R-AZ) have put out an excellent report on the 100 most wasteful projects funded in President Obama’s $862 billion Stimulus plan.  The report, Summertime Blues, is important for conservatives to read from cover to cover.  This report contains some of the most egregious … More

    Obama's Bogus 8 Million Jobs Saved

    By the only objective standard available, President Barack Obama’s $862 billion economic stimulus has been a complete failure. His administration promised the American people that if the stimulus passed unemployment would never be higher than 8%. It blew past that and hit 10.1% in March 2009 and currently stands at … More

    Morning Bell: An Admission of Failure

    It is established practice in Washington that if you have to release bad news, it is best to do it on a Friday … the later in the day the better. So not only did the White House schedule the publication of the “Mid-Session Budget Review” for last Friday, but … More