Senate Majority Leader Harry Reid (D-NV) blocked a vote on President Barack Obama’s American Jobs Act tonight. Senate Republican Leader Mitch McConnell (R-KY) had pledged to offer an unchanged version of the President’s American Jobs Act as an amendment to the Currency Exchange Rate Oversight Reform Bill (S. 1619). Reid stopped a vote on the …
Senate Republicans sought to answer President Obama’s demands for a vote on his jobs plan this afternoon, but were thwarted by Senate Majority Leader Harry Reid (D-NV), who used a parliamentary maneuver meant to block amendments on the Senate floor. Reid then proceeded to accuse Republicans of “obstruction” and engaging …
While the Energy Department’s efforts to create “green jobs” have received significant attention – and criticism – since the collapse of solar company Solyndra, another federal agency may soon be in the spotlight for its lackluster performance in stimulating the economy through employment in the green technology sector. The Labor …
President Obama is touting his new mega tax on millionaires–a.k.a. “the Buffett Rule”–as the best thing since sliced bread (or since his plan to spend $447 billion on more stimulus), but not everyone agrees–namely, entrepreneurs and those who have seen the effects of soaking the rich in order to pay …
Which comes first: supply or demand? This question has serious policy implications, especially as President Barack Obama proposes $447 billion in additional stimulus spending in order to try to spur job growth in America. “Demand-siders,” also known as Keynesians (after influential economist John Maynard Keynes), insist that short-run economic fluctuations …
Heritage’s experts watched President Barack Obama’s debt reduction and tax increase proposal. Here are their immediate reactions: Obama’s Plan Is More Bad News for Defense President Obama’s approach to deficit reduction, which he outlined in a Rose Garden statement today, means additional bad news for the defense budget and the …
Today, President Barack Obama is expected to announce his latest plan for reducing the deficit, and central to it are $1.5 trillion in new taxes, aimed predominantly at wealthy Americans. Unfortunately for the 14 million unemployed Americans, the President is continuing down his steady path of ushering in big spending …
President Barack Obama’s solution for America’s unemployment woes has been a stubborn campaign to spend hundreds of billions of dollars on economic “stimulus”–much of it on so-called “green jobs.” Report after report has shown the approach to be a total failure. And now, a new scandal involving Solyndra, a bankrupt …
