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  • Obama’s failed stimulus

    Jobs Decline in December as Obama Jobs Deficit Continues to Climb

    Today’s Labor Department jobs report is a study in contrasts. For example, on the one hand the labor market is notably less weak than in recent months. December’s 85,000 drop in employment according to the payroll survey is markedly better than the monthly average of over 275,000 jobs lost during … More

    Top Ten Foundry Posts of 2009

    We’ve already shared The Heritage Foundation’s Top Ten WebMemo’s of 2009 and Top Ten pages from The Heritage Foundation’s 2009 Federal Revenue and Spending Book of Charts. Below are the top ten 2009 Foundry posts ranked by traffic. Which are your favorites? 10. 10 Surprising Facts about American Health Care … More

    Top Ten Heritage WebMemos of 2009

    As 2009 draws to a close, The Foundry will be posting a series of Top Ten lists highlighting some of The Heritage Foundation’s most influential work. The Top Ten list of WebMemos below is sorted by pageviews below with the most popular memo at the bottom. If we left out … More

    Video: Harry Reid Calls 10% Unemployment "Progress"

    Back when the unemployment rate was only 9.8% White House economic adviser Jared Bernstein told the Associated Press that the early data on the effect of President Barack Obama’s “quite positive.” Now that the unemployment rate is 10%, Senate Majority Leader Harry Reid (D-NV) also sees “great progress.” Watch:

    Obama’s Failed Stimulus in Pictures: Jobs Gap Grows to 7.6 Million

    Another month under President Obama, another 11,000 jobs lost, pushing the total Obama jobs deficit to 7.6 million. One day after the White House jobs summit admitted that the President’s policies — including the massive $787 billion stimulus enacted last spring — are not working to create jobs, the Department … More

    The November Jobs Report: Lack of Job Creation Making Jobs Difficult to Find

    The Bureau of Labor and Statistics released their November employment report showing the nation’s unemployment rate dropped all the way to 10%. While it is encouraging to see that the economy is beginning to recover, there are still some worrying data in the report. Heritage fellows James Sherk and Rea … More

    TARP: Will This Crony Capitalist Slush Fund Ever Die?

    It’s been used to buy one car company, give another to union allies, punish non-union workers, undermine the bankruptcy code, enrich Wall Street at the expense of Main Street, keep unionized Zombie firms from dying, and generally terrorize the world economy. Now the left in Congress wants to use it … More

    Morning Bell: The Definition of Economic Insanity

    In January 2008, the United States economy employed 138.1 million people and the unemployment rate stood at 4.9%. But the powers in Washington thought deficit spending could boost a slowing economy, so Speaker Nancy Pelosi (D-CA) passed and President George Bush signed a $168 billion economic stimulus bill made up … More

    The Jobs Summit: Jobs Failure 2.0

    The unemployment rate when President Obama took office last January was 7.6 percent and credit markets were in the throes of a global contagion. He immediately tasked Congress with passing a fiscal stimulus bill, and signed a $787 billion whopper in March. Politicians rarely admit mistakes, especially big ones. Even … More

    Why Big Government Stimulus Fails

    Today the White House will host a Forum on Jobs and Economic Growth featuring such leftist luminaries as Joseph Stiglitz and Paul Krugman. Yesterday The Heritage Foundation hosted House Minority Whip Eric Cantor (R-VA) for a presentation on his common-sense job creation plan. After Cantor spoke, Heritage fellow Brian Riedl … More