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  • Recovery

    It's Not Getting Better: GDP Grows at a Sluggish 1.7 Percent Rate

    This morning’s update from the Department of Commerce on economic activity in the second quarter shows that the economy grew at an anemic 1.7 percent annual rate. This follows a nearly equally weak first quarter growth rate of 2.0 percent. How weak is this? In terms of economic output, the … More

    What Productivity Really Means

    A recent Heritage post responded to an article in The New York Times that suggested we be less productive. One comment challenged our rebuttal: The takeaway you should have gotten is that we are so addicted to the concept of efficiency that we forget that in some instances being more … More

    Running & Responsibility: How Former Addicts Are Overcoming

    If you told recovering alcoholic and drug addict Hermon Blount a year ago that he’d soon be getting up 3 or 4 days a week at 5:30 a.m. to run, he may not have believed you. That was before he decided to quit drinking and using drugs in exchange for … More

    Obama's Crystal Ball Wrong on Unemployment Once Again

    A little over three years ago, President Barack Obama’s advisers released a chart that purported to predict the future. With the President’s almighty stimulus, they said, unemployment in America would plummet. And the President promised that unemployment would never rise above 8 percent. Well, they were wrong. In the chart … More

    Morning Bell: A Disappointing Recovery Leaves Americans Suffering

    In the Super Tuesday primary, the economy was the number one issue on voters’ minds, be they in Massachusetts, Georgia, Ohio, or Virginia. And that wasn’t because they were happy about high unemployment and slow wage growth. Yet according to President Barack Obama, “the economy is getting stronger, and the … More

    In Pictures: Facts about America's Slow Economic Recovery

    Sure, the U.S. economy is recovering, but it’s doing so at a very…slow… rate. Some on the left, including the President, paint America’s bounce-back as a roaring surge of job creation, but in truth it’s more of a whimper, as the following four charts show. 1) The recovery is still … More

    Even Krugman Agrees--Economy in a Dead-Cat-Bounce Recovery

    Despite a recent spate of good economic data, including last week’s jobs report, the U.S. economy remains deeply depressed. Don’t take my word for it. That’s how Paul Krugman, leftist econo-pundit extraordinaire, describes the economy. In a recent column in The New York Times, he wrote, “our economy remains deeply … More

    Are Green Jobs 'Gone with the Wind'?

    President Obama plans a big jobs announcement—right after he finishes his vacation in Martha’s Vineyard.  Expect him to say that green jobs are the key to recovery—that they will generate millions of jobs and a new era of prosperity. Oh, you’ve already heard that one?  So has everyone else.  Even … More

    Business Leaders: Liberal Economic Policies Are Preventing Recovery

    News on Thursday that there were more new jobless claims last week than initially expected gives new weight to the words of a pair of business leaders who recently singled out President Obama and his big-government approach to economic policy as key impediments to economic recovery. Stephen Wynn, CEO of … More

    Fed Chairman Bernanke Projects Continued Slow Growth in Economy

    It’s a continued slow pace of recovery for the U.S. economy, Federal Reserve Chairman Ben Bernanke said in testimony today before the House Financial Services Committee. MarketWatch reports: At the moment, Fed officials see a recovery that “will likely remain moderate,” Bernanke said, with the unemployment rate falling “only gradually.” Inflation is … More