A little while ago, Vice President Joe Biden had the audacity to say, “Every economist, as I’ve said, from conservative to liberal, acknowledges that direct government spending on a direct program now is the best way to infuse economic growth and create jobs.” Well, the McClatchy wire carried this headline today: “Will the …
While campaigning for passage of his economic stimulus plan at the Caterpillar, Inc. plant in East Peoria, Illinois, yesterday President Barack Obama again claimed that “if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off.” But after the President …
In a study released this morning, Heritage senior fellow Robert Rector pegged the honest cost of the House economic stimulus plan at $1.34 trillion, not the $816 billion that has been reported. Rector reasoned: The recently passed U.S. House of Representatives stimulus bill contains $816 billion in new spending and …