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    White House Still Defending Failed Stimulus Plan Five Years Later

    Five years later, it is obvious that President Obama’s stimulus was a failure. This week marks the fifth anniversary of Obama’s 2009 stimulus plan, a $763 billion package of increased government spending and non-growth-promoting tax cuts that was supposed to be a panacea for all that ailed the economy still … More

    PolitiFact Declares Century-Long Economics Debate Over

    For most of a century, macroeconomists have debated the pros and cons of government “stimulus” policies. Because there is no way to determine how the economy would have performed without a stimulus, the debate comes down to dueling economic models, assumptions, and theories. With Nobel Prize-winning economists lining up on … More

    Morning Bell: The Obama Jobs Gap

    Last Friday, the Bureau of Labor Statistics released its monthly job report showing that the economy lost 345,000 jobs in May. This brings the total number of jobs lost in the first full three months since the economic stimulus package was passed to 1.5 million jobs. Countering these inconvenient truths, … More