Both the Senate and the House of Representatives are seeking to pass “Cash for Clunkers” legislation that would have three primary objectives: increase car sales, improve the environment, and stimulate the economy. The bill would provide consumers with a voucher (up to $4,500) to purchase a new vehicle to completely …
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, …
LIFTING THE PAY CAP ON 8 MILLION WORKERS Unions Cap Their Member’s Pay Setting a Wage Ceiling: Currently union contracts set both a wage floor and a wage ceiling. Unionized employers may not give productive workers pay raises outside the collectively bargained contract. Seniority-Based Pay: Unions usually demand that employers …
Speaking to a celebrity studded fundraiser for the Democratic National Committee in Beverly Hills last night, President Barack Obama humbly proclaimed he “would put these first four months up against any prior administration since FDR.” Actually, let’s do that. Since taking office, President Obama has: Continued to fast-track government control …
On February 12th President Barack Obama flew to East Peoria, Illinois, headquarters of Caterpillar, Inc., the world’s leading manufacturer of construction and mining equipment. At the press conference President Obama claimed, for the second day in a row, that thanks to his $787 billion stimulus package Caterpillar CEO James Owens …
What happens when Nancy Pelosi, Harry Reid and President Obama get together to pass a trillion dollar “stimulus” bill without anyone reading it, and without any regard for government’s ability to handle that type of unprecedented spending? It turns out one thing that happens is that dead people get stimulated.
Maybe the title should be: Are you smarter than Congress? Either way, all signs point to yes. Milton Friedman offers some very good and relevant advice in his interview with a 5th grader from 2003. [youtube]http://www.youtube.com/watch?v=MKke98eAfcQ[/youtube]
Early this morning we asked a question on the Heritage Foundation’s Twitter and Facebook pages: What were Obama’s best and worst moments in his 1st 100 days, in your opinion? The response was overwhelming. We had 130 comments on Facebook and over 100 replies/messages on Twitter. Although there were many responses, the theme …
Government Controlled Life Stimulus: The American Recovery and Reinvestment Act (ARRA) of 2009 significantly grew the size and scope of government, doubling the size of federal agencies—including Education and Energy—and moving America toward a government-mandated health care system, all while placing future generations further in debt. SCHIP: The State Children’s …
