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    Morning Bell: Recovery Summer Vacation

    On June 17, Vice President Joe Biden crashed the daily White House press briefing to kick off the Obama administration’s “Recovery Summer,” a six-week-long campaign to promote the belief that “the Recovery Act is working.” VP Biden claimed: “We knew that the hole dug by the recession that was created … More

    Why Obamanomics Has Failed - Annotated

    Carnegie Mellon University economics professor and American Enterprise Institute visiting scholar Allan Meltzer has a must read op-ed in today’s Wall Street Journal titled: Why Obamanomics Has Failed: Uncertainty about future taxes and regulations is enemy No. 1 of economic growth. It is re-posted in its entirety below but as … More

    Econ 101: The Minimum Wage Kills Jobs

    Last week, George Mason University economics professor Daniel Klein wrote a Wall Street Journal op-ed summarizing an study he did for Econ Journal Watch: “Who is better informed about the policy choices facing the country—liberals, conservatives or libertarians? According to a Zogby International survey that I write about in the … More

    Now is the Worst Possible Time for Tax Hikes

    Friday brought yet another grim jobs report. The economy created 431,000 jobs in May according to the report, but 411,000 of them were temporary government jobs working on the Census. All those jobs will disappear when the Census is complete. The jobs report is the latest signal that the stimulus … More

    Morning Bell: Why Obama's Stimulus Failed

    Last Friday’s Department of Labor jobs report, which showed private sector job creation fell by 190,000 between April and May of this year, jolted markets worldwide including the Dow Jones Industrial Average, which fell 3.2% Friday to its lowest level since early February. In total the U.S. economy has now … More

    Private Sector Labor Market Far From Recovery

    Heritage analysts Rea Hederman and James Sherk write about the June Bureau of Labor Statistics (BLS) employment reportr: “(BLS) announced that net employment increased by 431,000 in May, and that the unemployment rate fell to 9.7 percent from 9.9 percent. While this appears to be good news, 411,000 of those … More

    Morning Bell: The Jobless Obama Recovery

    This Wednesday in Pittsburgh, President Barack Obama defended his administration’s economic policies telling the audience at Carnegie Mellon University: “Now, I’ve never believed that government has all the answers. Government cannot and should not replace businesses as the true engine of growth and job creation.” But that is exactly what … More

    Effects of Unemployment Benefits

    The economic effects of prolonged unemployment insurance (UI) have become a controversial topic recently. Conservatives have pointed to a raft of economic studies to demonstrate that, in addition to the benefits they provide, extended UI benefits also come with an economic cost – lengthening the amount of time that those … More

    Outside the Beltway: Takin' What They're Givin' But Not Workin' for a Livin'

    With 14.9% unemployment and a massive 800,000 jobs lost in the last decade, times are tough in Michigan. But despite the desperate conditions, some Michiganders have decided to keep collecting government unemployment checks instead of accepting job offers and heading back to work, according to a Detroit News report: In … More

    Public Employees Strike It Rich in Ohio

    Ohio is struggling with double-digit unmployment, but not all workers are facing tough times. State government employees in Ohio are doing quite well. In fact, nearly 1,800 of them earn more than $100,000 per year. The contrast couldn’t be more stark between bloated government bureaucrats and struggling private-section workers in … More