This week’s disappointing news on the progress of the economic recovery has some Democrats and their allies yearning for more fiscal “stimulus.” But continuing the failed policies of the recent past would be the wrong response. Instead, Congress and the President should pursue fiscal policies that stimulate the engines of …
President Obama has some explaining to do. The Government Accountability Office (GAO) yesterday revealed that 3,700 federal contractors — who were recipients of $24 billion dollars in stimulus funds — are tax evaders. In total, they owed the government at least $757 million dollars – probably more since the IRS …
With Congress divided, will anything actually get done in the next two years? President Obama recently suggested energy policy as an area in which bipartisan support could exist. Rather than trying to pass a large climate change bill, Obama stressed the importance of increasing technologies and energy sources to reduce …
Today’s New York Times editorial on President Obama’s Cleveland political diatribe-cum-economic speech got one point right — Obama “took too long to engage this debate.” The rest of the editorial was little more than an epilogue to Obama’s political speech. One can see why the Times would avoid talking about the economic …
Faced with predictions of staggering losses for his party in November’s midterm elections, President Barack Obama today appeared on ABC’s “Good Morning America” and said, “If the election is a referendum on ‘are people satisfied about the economy as it currently is,’ then we’re not going to do well, because …
In the past few months, the Senate has made several attempts to extend the Medicaid bailout included in the stimulus package. States share the cost of Medicaid with the federal government, and because of the influx of new beneficiaries due to increased job loss, the federal government increased the portion …
Conservatives began talking about rescinding the stimulus after President Obama signed it into law. Liberals are starting to listen. House Democrats approved an amendment to the Afghanistan and Iraq war supplemental yesterday, 239 to 182, that cuts more than $1.6 billion originally allocated for the American Recovery and Reinvestment Act (complete …
On June 17, Vice President Joe Biden crashed the daily White House press briefing to kick off the Obama administration’s “Recovery Summer,” a six-week-long campaign to promote the belief that “the Recovery Act is working.” VP Biden claimed: “We knew that the hole dug by the recession that was created …
Apparently $80 billion of stimulus funds for public education wasn’t enough. The Obama administration now says that the federal government should fork out $23 billion more in taxpayer money to save teaching jobs. If not, according to education Secretary Arne Duncan, we will see catastrophic teacher layoffs. Before calling for …
As Mike Allen of Politico reports, Vice President Joe Biden has kicked off what the Obama Administration calls its “Recovery Summer.” According to senior adviser David Axelrod, “This summer will be the most active Recovery Act season yet.” It sounds like Axelrod has never heard the popular saying about what …
