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    Cash for Clunkers Gimmick? Former Obama Adviser Wouldn't Do It Again

    It sounds like a former Obama Administration official is changing his tune on two of the President’s early stimulus efforts. Austan Goolsbee, former chairman of President Obama’s Council of Economic Advisers, says that in retrospect he would not have supported the Cash for Clunkers program or the home buyer tax credit. Politico reports: … More

    Morning Bell: 1,000 Days Under President Obama

    Today marks the 1,000th day of Barack Obama’s presidency, and unfortunately for America, those days have been marked by deeper deficits, lost jobs, prolonged unemployment, and bigger government. Meanwhile, many of those charged with leading the federal government have all but abdicated their responsibilities. The national debt stands at $14.9 trillion–$4.2 … More

    Piecemeal 'Jobs Bill' Can Still Be Dangerous

    If something is too big to swallow, you cut it into bite-sized pieces.  But that won’t improve the taste—unless you jettison any stinky stuff. Likewise, the notion of splitting-up President Obama’s Senate-rejected 326-page “jobs bill” won’t improve any of the proposals. It’s good that the break-up would prevent the classic … More

    Jobs or Economic Growth?

    In the currently battered U.S. economy, with high unemployment and bleak growth prospects, politics has become a contest of dueling jobs plans: politicians of every stripe have them. Their motivation may be sincere, but their concept is wrong – and they are just perpetuating the myth that government can create … More

    Morning Bell: Still Jobless After All These Years

    Yesterday at the White House, President Barack Obama faced the media to once again plug the American Jobs Act–his plan for more stimulus spending, paid for with even more taxes on America’s job creators. And this morning, not a day later, America received a reminder of why a continuation of … More

    Reid Blocks Vote on Obama's Jobs Plan

    Senate Majority Leader Harry Reid (D-NV) blocked a vote on President Barack Obama’s American Jobs Act tonight. Senate Republican Leader Mitch McConnell (R-KY) had pledged to offer an unchanged version of the President’s American Jobs Act as an amendment to the Currency Exchange Rate Oversight Reform Bill (S. 1619). Reid stopped a vote on the … More

    Reid Uses Procedural Maneuver to Block Vote on Obama's Jobs Bill

    Senate Republicans sought to answer President Obama’s demands for a vote on his jobs plan this afternoon, but were thwarted by Senate Majority Leader Harry Reid (D-NV), who used a parliamentary maneuver meant to block amendments on the Senate floor. Reid then proceeded to accuse Republicans of “obstruction” and engaging … More

    'Green Jobs' Woes Move to Labor Department

    While the Energy Department’s efforts to create “green jobs” have received significant attention – and criticism – since the collapse of solar company Solyndra, another federal agency may soon be in the spotlight for its lackluster performance in stimulating the economy through employment in the green technology sector. The Labor … More

    'Buffett Rule' Tanks in California, Is Bad News for Tech Startups

    President Obama is touting his new mega tax on millionaires–a.k.a. “the Buffett Rule”–as the best thing since sliced bread (or since his plan to spend $447 billion on more stimulus), but not everyone agrees–namely, entrepreneurs and those who have seen the effects of soaking the rich in order to pay … More

    Commercially Viable = Can’t Get Financing?

    Maybe the Department of Energy (DOE) would lend me money to buy lottery tickets. For the tickets that win, I’ll pay them back their dollar (plus $0.001 for a week’s interest). For those that lose, well, that just happens in this sort of business. They have to expect losses. That’s … More