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    Who Creates Jobs—and Why?

    If you want to protect spending in Washington, call it “job creation.” That’s the flip side of yesterday’s quip by Jared Bernstein, senior fellow at the Center on Budget and Policy Priorities, skewering the tendency of politicians to dress their favorite lobbies or spending policies as job generators. He’s right: … More

    CBO Again Repeats Faulty Methodology to Estimate Impact of Stimulus

    There they go again. The Congressional Budget Office (CBO) just released yet another report on the beneficial impacts on the economy of President Obama’s 2009 stimulus. This latest one uses the same faulty methodology CBO used in prior reports. The CBO report follows closely on the heels of a similarly … More

    The Fed’s Monetary Policy Matters, Too

    It’s easy to get distracted with news like the guessing game of who will replace Ben Bernanke. But the more important issue is: What is the U.S. doing with its monetary policy and why? What we’ve learned about monetary policy since the Fed was created is surely more important than … More

    Economic Growth Remains Too Slow Because of Policy Uncertainty

    Today’s report on gross domestic product (GDP) shows that not much changed in the economy during the second quarter. The Bureau of Economic Analysis’s initial estimate shows that economic growth was just 1.7 percent from April 1 through June 30—well below the rate the economy should be growing this far … More

    ANALYSIS | Obama’s Economic Speech: Another Summer Rerun

    President Obama traveled to Illinois today to give the same tired, worn-out economic speech he’s been giving for almost five years now. Rather than offering new solutions that could revive the dormant economy and put people back to work, the President offered the same old policies that have already failed, … More

    Hurricane Sandy Relief Bill: Wasteful Spending Not Helpful

    On Tuesday, President Obama signed into law a $50 billion recovery package for states hit by Hurricane Sandy. Much of the proposed spending in the law, however, is simply wasteful and will not go toward helping the immediate victims. This is unacceptable at a time when the U.S. is running … More

    Chart of the Week: Slowest Economic Recovery Since the 1960s

    Americans could be waiting another five years for a return to normal employment based on the sluggish pace of the U.S. economy. After nearly four years in office, President Obama has overseen the worst recovery since the 1960s. This week’s chart comes on the heels of Friday’s employment report, which … More

    Morning Bell: Unemployment Rate Inches Back Up

    The October jobs report essentially agrees with the rest of the current data on the economy—the economy is growing slowly, too slowly to bring down unemployment rapidly. In fact, the unemployment rate rose to 7.9 percent in October and the economy created about 171,000 jobs, roughly equal to the usual … More

    Morning Bell: The Specter of Taxmageddon Rises

    On this Halloween, a truly frightening specter is looming. No amount of garlic, crosses, or exorcists can help us—only Congress and the President can chase this ghoul away. It’s Taxmageddon. A horrifying combination of expiring pro-growth tax policies from 2001 and 2003, the end of the once-temporary payroll tax cut, … More

    FACT CHECK: Have 4.5 Million New Jobs Been Created Under Obama?

    It’s no secret that employment is the top concern for Americans. It stands to reason, then, that politicians will be hyping their proposals for job creation, and touting their respective records on that front. This week in Charlotte, NC, a number of speakers — including the keynote, San Antonio Mayor … More