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  • Obama’s failed stimulus

    Morning Bell: The Obama Budget: Higher Taxes, Higher Spending and More Debt

    President Barack Obama will submit a $3.8 trillion budget proposal for fiscal 2011 to Congress today. One might hope that given last year’s $1.4 trillion budget deficit was an all-time high and the President promised a spending “freeze” in last week’s State of the Union, this budget might signal a … More

    Reaction Roundup: Heritage Responds To The State Of The Union

    Heritage members and fans are discussing President Barack Obama’s State of the Unions address at Twitter and Facebook right now. And here are just some of our experts immediate reactions to parts of the speech: State of the Economy President Obama inherited a global recession and a global financial meltdown. … More

    CNN Poll: 3 of 4 Americans Say Stimulus Wasted

    This weekend three different White House advisers speaking on three different Sunday shows gave three different answers as to how many jobs President Barack Obama’s $787 billion stimulus had been “created or saved.” This coming just two weeks after the White House issued a memo supposedly ending the administration’s use … More

    Why Texas Skipped the "Race to the Top"

    President Barack Obama’s $787 trillion failed stimulus included a $4.3 billion set aside for Secretary of Education Arne Duncan’s “Race to the Top” fund. States that jump through the right Obama administration hoops can win up to $750 million in stimulus cash. But yesterday, Gov. Rick Perry (R-TX) announced that … More

    Obama Stoops to Clinton Accounting Gimmick To Justify Stimulus Failure

    According to Amanda Carpenter at The Washington Times, Office of Management and Budget Director Peter Orzag decided to change the way the Obama administration counts the number of jobs saved or created under the American Reinvestment and Recovery Act, otherwise known as the economic stimulus package. Instead of determining whether … More

    Lack of Job Creation, Not Layoffs, Driving Unemployment

    New data released today by the Bureau of Labor Statistics shows why a jobs recovery remains far off. This report, the Job Openings and Labor Turnover Survey (JOLTS), will receive much less press attention than last Friday’s unemployment report. However its figures hold the key to understanding why unemployment has … More

    Morning Bell: $787 Billion in Stimulus, Zero Jobs "Created or Saved"

    On February 11th, President Barack Obama stood on a windy hilltop in front of a dusty construction site in Fairfax County, Virginia, and promised the American people: “Here in Virginia, my plan will create or save almost 100,000 jobs, doing work at sites just like this one.” Standing alongside current … More

    What Terrorism, Job Losses, and Health Care Have in Common

    There are links between terrorist attacks, job losses, and the health care legislation that is being completed behind closed doors: 1) A massive failed bureaucracy didn’t protect Flight 253 from a would-be bomber, so why expect that an even-larger bureaucracy can protect our health? 2)With 10% unemployment and 85,000 more … More

    AP Confirms: Government Infrastructure Spending Does Not Create Jobs

    The AP reports: Ten months into President Barack Obama’s first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found. … Construction spending would be a key part … More

    Big Government Still Thwarting Job Creation

    Last Friday the Bureau of Labor and Statistics released its monthly jobs report showing that the U.S. economy shed 85,000 jobs in December, but due to the fact that 661,000 individuals left the labor force, the unemployment rate stayed at 10.0%. The Obama administration again spun the report by stressing … More