A discussion on the Stimulus – One Year later with Reps. Eric Cantor, Shelley Moore Capito, Scott Garrett and Tom Rooney was held at The Heritage Foundation on Thursday, February 18. Viewers on Facebook asked questions of the speakers. The archived video will be here later in the day.
Tomorrow is the one-year anniversary of the American Recovery and Reinvestment Act, or as it is more accurately described, President Barack Obama’s Failed Stimulus. When President Obama signed the now $862 billion deficit-spending bill into law, the unemployment rate stood at 7.6% and the U.S. economy employed 133.5 million people. …
While the nation suffers an unemployment rate of nearly 10 percent, Barack Obama spent last week talking about job creation with “civil rights” leaders — despite the fact that President Obama’s last job creation ideas haven’t even been properly analyzed, let alone proven to work. The New York Times reports …
The Associated Press reported yesterday that “There’s a problem with the bipartisan jobs bill emerging in the Senate: It won’t create many jobs.” Given the President’s track record, that shouldn’t be a surprise. One feature of the President’s jobs bill is a tax cut for businesses that hire unemployed workers. …
The White House Council of Economic Advisers (CEA) has released a projection of jobs created by the economic stimulus bill. However, the method they used to get these numbers falls short of basic scientific standards. The CEA modeled a potential outcome for the economy without the stimulus, basing it on …
When President Barack Obama was trying to sell his $787 billion economic stimulus plan to the American people, there was no louder cheerleader for the plan than Mark Zandi of Moody’s Economy.com. Zandi confidently produced scientific tables purporting to prove that for every $1 the Obama administration gave to states, …
As if the Administration’s stimulus program didn’t have enough problems, the Government Accountability Office has now issued a report raising concerns on the handling of $7.2 billion in broadband communications grants warning the programs “present risks of waste, fraud and abuse“. The agencies – the Commerce Department’s National Telecommunications and …
Last year, with Michigan Governor Jennifer Granholm standing by his side, President-elect Barack Obama proclaimed the importance of rapidly passing a stimulus package, described his intense focus on job creation, and noted that a new president can have an “enormous impact” on the economy. This week, The Detroit Free Press …
President Obama’s trip to Asia this week comes at a critical economic time for American workers. With unemployment eclipsing 10 percent, it’s clear that the stimulus package passed by Congress has so far proven ineffective in getting Americans back to work. Free trade, a pillar of economic recovery that has …
