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    Electroshock Therapy We Don't Believe In

    Just like Keynesian economics, electroshock therapy was first introduced in the 1930s and then gained widespread use in the 1940s. Now President-elect Barack Obama “anxious to jolt the economy back to life” is considering a federal stimulus package that could reach a whopping $1 trillion. Now that is a shocking … More

    Stimulus Turf Wars

    The crowd eager for a handout from the upcoming economic stimulus bill is growing. On December 8th, the US Conference of Mayors presented their wish list. The report, entitled “Mainstreet Economic Recovery,” lists 11,391 local infrastructure projects with a price tag totaling $73.2 billion. Unfortunately, the list is basically a … More

    Keep Earmarks Out of the Upcoming Economic Stimulus Bill

    Another economic stimulus bill is imminent, and early reports put the potential price-tag around $700 billion. With such an astronomical figure being considered, it is no surprise the special interest lobbyists have taken notice. Everyone wants part of the latest government hand out. From bailouts for states in financial trouble … More

    Video: Congress Considers Bailout for Detroit's Big Three

    Congress returns from recess this week to debate a bailout for Detroit’s automakers. Heritage’s Brian Darling surveys the landscape on Capitol Hill. [youtube]http://www.youtube.com/watch?v=Vcdy_bVq_nI[/youtube]

    China's Public Relations Stunt

    Derek Scissors, a research fellow for Asia economic policy, says the world leaders meeting in Washington for the G-20 summit should view China’s stimulus package as an expensive public relations move. [youtube]http://www.youtube.com/watch?v=JSB28WHrv7U[/youtube]

    Boehner’s Pro-Growth Proposal

    Congress is expected to vote on a stimulus package after the election. This package may include various spending increases including funding for infrastructure, and bailouts for states facing budget shortfalls. Unfortunately, proposals made thus far are emblematic of a failed approach. Increased spending, whether it is in the form of … More

    Bigger Government, Higher Taxes and Weak National Defense: New Liberal Agenda Is Actually Old

    With the election still a week away, Congressman Barney Frank (D-MA), chairman of the House Financial Services Committee, is already setting the stage for drastic cuts in defense spending, higher taxes, and bigger government. In a meeting with the editorial board of The Standard-Times, a local Massachusetts newspaper, Rep. Frank … More

    Pro-Growth Tax Policy, Not a Transfer of Funds, Will Stimulate the Economy

    The House Budget Committee yesterday held a hearing, “Economic Recovery: Options and Challenges.” The headliner of the event, Federal Reserve Chairman Ben Bernanke, caused quite a stir with his near endorsement of a proposed second stimulus bill. However, others who spoke at the hearing, such as Rep. Paul Ryan (R-WI), … More

    The Democrat Majority’s Fuzzy Logic

    The Democratic majority’s line of logic appears to work something like this: If taxpayers can afford to spend $700 billion to bailout out the battered financial markets, then they can surely afford to spend $25 billion to bailout the auto industry, $61 billion on bogus “emergencies,” $24 billion for disaster … More

    Democrats Try to Push Expensive Stimulus Past Distracted Congress

    Congressional Democrats think they have spotted an opportunity. With lawmakers and the American public focused on the pressing financial crisis, both Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Harry Reid (D-NV) are rushing another massive spending bill through Congress. In ordinary times these bills would be debated at length … More