The Foundry

Posts Tagged ‘stimulus’

• AP: President Obama’s Jobs Bill Won’t Create Many Jobs

  Posted February 12th, 2010 at 2:00pm in Enterprise and Free Markets with 2 comments

  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 AP writes that “even the [...] More

• What Scientific Method?

  Posted February 11th, 2010 at 4:00pm in Enterprise and Free Markets with 9 comments

  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 historical data. They then compared [...] More

• Morning Bell: The Road to Recovery Begins with the End of Obamacare

  Posted December 3rd, 2009 at 9:08am in Health Care with 31 comments

  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, GDP would grow by exactly [...] More

• Ready, Fire, Aim: GAO Questions Timing of Broadband Stimulus Grants

  Posted November 25th, 2009 at 1:44pm in Enterprise and Free Markets with 3 comments

   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 Information Administration, and Agriculture’s [...] More

• Outside the Beltway: $1.2 Billion for Michigan, But No Stimulus Jobs Created

  Posted November 16th, 2009 at 6:52pm in Enterprise and Free Markets, Ongoing Priorities with 32 comments

  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 reported that Obama’s stimulus package has [...] More

• Guest Blogger: Rep. Dave Reichert Says Trade is Best Stimulus

  Posted November 16th, 2009 at 1:38pm in Enterprise and Free Markets with 6 comments

  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 been overlooked, plays a pivotal role [...] More

• What Superman and Barack Obama Don’t Have in Common

  Posted November 6th, 2009 at 11:33am in Enterprise and Free Markets, Ongoing Priorities with 12 comments

  When Superman rescued a small boy who was plummeting toward the depths of Niagara Falls, it was pretty clear that the kid was in danger and that, but for Superman’s ability to fly, the boy would have faced certain death. It goes without saying that if the boy were not in danger, Clark Kent [...] More

• New Study Shows Tax Cuts Most Effective Stimulus

  Posted November 5th, 2009 at 9:59am in Enterprise and Free Markets, Entitlements with 20 comments

  The failure of the stimulus package to create jobs and generate economic growth becomes more apparent each day – despite preposterous claims from the White House about all the jobs they say it has created and saved. Counter intuitively (at least in the sane world outside of Washington), the stimulus’ failure increases the risk that [...] More

• Fore! Cash for Clunkers Hits the Links

  Posted October 29th, 2009 at 5:18pm in Energy and Environment with 11 comments

  This is not a new story from the Wall Street Journal, but certainly one worth noting: “We thought cash for clunkers was the ultimate waste of taxpayer money, but as usual we were too optimistic. Thanks to the federal tax credit to buy high-mileage cars that was part of President Obama’s stimulus plan, Uncle Sam is [...] More

• Guest Blogger: Rep. David Dreier (R-CA) on Buy American

  Posted October 22nd, 2009 at 9:25am in Enterprise and Free Markets with 18 comments

  When it comes to legislative PR, it doesn’t get much better than “Buy American.” What could possibly be more patriotic than buying American-made products? During tough economic times, mandating that government contractors use only goods with the Made in the USA label doesn’t just sound like good policy, it seems like plain old common sense. [...] More