• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • recession

    The Obama Tax Hike and Lessons from 1937

    Raising taxes on successful businesses is one thing we cannot afford to do. Large, successful businesses that create jobs would be hit the hardest, but small businesses would also be hurt by such a tax increase. Although economists disagree on many aspects of economic growth and recession, there is near-unanimity … More

    Outside the Beltway: Takin' What They're Givin' But Not Workin' for a Livin'

    With 14.9% unemployment and a massive 800,000 jobs lost in the last decade, times are tough in Michigan. But despite the desperate conditions, some Michiganders have decided to keep collecting government unemployment checks instead of accepting job offers and heading back to work, according to a Detroit News report: In … More

    Oil Prices and the Economic Recovery

    As oil prices steadily rise, many oil and gas experts fear higher prices could stunt economic recovery, not just in the United States but around the globe. From the Financial Times: This week oil climbed to $87 a barrel, its highest level since October 2008 and prompted concerns that triple-digit … More

    In Their Own Words: Spending Our Way Out of the Recession

    House Majority Whip Rep. James Clyburn (D-S.C.) was quoted in The Hill earlier this week discussing the country’s economic outlook. Despite the President’s recent efforts to talk about savings, Rep. Clyburn took a different tack, saying that “wouldn’t help alleviate the recession.” He added, “We’re not going to save our way out of this recession. We’ve got to spend our way out of this recession, and I think most economists know that.” More

    China No Help In Recession

    China announced last Friday that its economy grew 8.7% last year. Among other things, this will prompt a chorus of claims that China is leading the world out of recession. Wrong. The typical way of thinking about this is to take China’s and every other country’s GDP growth, add it … More

    Outside the Beltway: California’s Nightmare the Future for Other States?

    The budget shortfalls, plunging revenue, and economic woes plaguing near-broke California could foretell the future of other cash-strapped states. A new study by The Pew Center on the States found that the economic pressures that pushed California to the brink of a total economic meltdown are also found in nine … More

    Crime and Recession: Initial Clues

    With the recession officially beginning in December 2007, some speculated the economic downturn would result in increased crime, especially property crime. Yet, the Department of Justice’s just-released 2008 National Crime Victimization Survey shows violent and property crime did not increase last year. During the first full year of the recession, … More

    Recession is Latin for Tough Love

    “There is no disagreement,” said President Obama, “that we need action by our government, a recovery plan that will help jump start the economy.” Those chilling words were said in January, but we were reminded of that sentiment yesterday when President Obama claimed that “…economists on both the left and … More

    A Ray of Hope for the British Armed Forces

    There’s not been a lot of good news for, or about, the British armed forces recently. When the Economist asked, in its Jan. 29, 2009 issue, if the Army was losing its way, the story’s lead summed up their answer: “The British army suffers from lack of soldiers, lack of … More

    When a 'Tax Cut' Isn't a Tax Cut

    “So my whole goal over the next four years,” President Barack Obama said Monday night at the end of his first prime-time White House news conference, “is to make sure that whatever arguments are persuasive and backed up by evidence and facts and proof, that they can work, that we … More