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  • Obama’s failed stimulus

    White House Confirms Continued Trillion-Dollar Budget Deficits

    The White House today released its updated federal budget projections. By releasing the report late on a Friday afternoon—a longtime Washington tradition for stories that politicians want to bury—the Obama Administration is effectively admitting that its budget numbers will not be well-received. The “Mid-Session Budget Review” projects that this year’s … More

    Obamanomics 101: Failure Explained

    According to President Obama, “every economist who’s looked at it says that the Recovery Act has done its job.” The four economists gathered at the National Press Club on Tuesday were apparently not asked for their opinions on the matter. Tuesday’s program, “Debt and Deficits: Implications for U.S. and Global … More

    Dem Plan to Cut Deficit Will Pay for Failed Stimulus ... by 2130

    Reps. Gary Peters (D-MI), John Adler (D-NJ), Peter Welch (D-VT) and Jim Himes (D-CT), should be commended for forming their new Spending Cuts and Deficit Reduction Working Group. Peters told The Macomb Daily: “Congress has to get serious about reducing the deficit now. Transforming the deficits generated over the past … More

    Market Loser Is a Political Winner

    President Obama has picked another “winner” among green technologies meant to portend an energy revolution. This time it is a Korean-owned battery factory in Michigan, part of a $2.4 billion government investment in electric car battery technology in spite of a global glut of battery supply. However, the question is … 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

    A Department Only Washington Could Love

    The results are in: The Department of Education (DOE) is the least popular of all federal departments. Considering the stagnate state of U.S. students’ test scores despite ever increasing federal education spending, this should come as no surprise. What should be surprising—and troubling—however, is that some Members of Congress want … More

    Pity the Poor Keynesians

    The Obama administration and their Keynesian media allies are desperately pushing back against a growing consensus that President Barack Obama’s expansive and intrusive domestic agenda is to blame for high unemployment and the economy’s slow recovery. So in Paul Krugman’s Pity the Poor C.E.O.’s column today he asserts: So where’s … 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

    More on the Jobs Report

    The June jobs report is not a happy one as we head into the holiday weekend. Private-sector hiring is still weak, at less than 100,000 new jobs. Even worse, wages fell, and hours of work are flat in the last quarter. While hiring in temporary services is still increasing, it … More