CBO Report Was Pre-Ordained to Show the Stimulus Succeeded
The Congressional Budget Office (CBO) has produced a new report estimating that the $862 billion stimulus has thus far saved or created 1.5 million jobs…. Read More
The Congressional Budget Office (CBO) has produced a new report estimating that the $862 billion stimulus has thus far saved or created 1.5 million jobs…. Read More
Is a congressional compromise on financial services regulation in the works? Steven Pearlstein of the Washington Post today reports the answer is “yes,” citing progress… Read More
The latest attempt by Congress to wrestle the high unemployment rate is the HIRE Act, which is little more than a tax holiday for companies… Read More
Inflation is ultimately and always a monetary phenomenon. The Federal Reserve’s extraordinary actions during the recent crisis now require executing a difficult exit strategy without… Read More
Toyota’s Chief Executive Officer Akio Toyoda testified yesterday about safety and quality control after his company recalled 8.5 million cars and trucks worldwide – 6… Read More
The special inspector general for the TARP program, Neil Barofsky, has made a reputation for himself by issuing tough assessments of the troubled federal program… Read More
My Corner post from last Wednesday — pointing out that government “stimulus” spending does not add new purchasing power to the economy because the government must… Read More
Businesses have to deal with nearly unprecedented levels of uncertainty due to Washington’s inability to give them a clear roadmap of what policy changes lay… Read More
Who said the 111th Congress has never accomplished anything? Today, major parts of the Credit Card Act of 2009 take effect. Enacted last May with… Read More
For most of a century, macroeconomists have debated the pros and cons of government “stimulus” policies. Because there is no way to determine how the… Read More
The recent debt limit increase passed by Congress has sparked a national debate on how to adequately reverse out-of-control federal spending. After much congressional hand-wringing… Read More
Liberals are trying to take a big victory lap today over the stimulus. They proudly proclaim that the stimulus created more than two million jobs…. Read More
Rep. Paul Ryan (R-WI) recently introduced the “Roadmap for America’s Future”, a plan to reduce federal spending, pay off the national debt, and ensure future… Read More
On the stimulus’s first anniversary, keep in mind one number: 9 million. That is the Obama jobs gap — the difference between the 3+ million… Read More
President Obama says he wants to reduce America’s record trillion-dollar deficits. Too bad he hasn’t even correctly diagnosed their cause. During his State of the… Read More
Despite efforts by Senator Baucus (D-MT) and Senator Grassley (R-IA) to draft a broad and bi-partisan federal legislation as part of another round of federal… Read More
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… Read More
Senate Majority Leader Harry Reid (D-NV) says “the American people need a message. The message that they need is that we are doing something on… Read More
The Congressional Oversight Panel (COP), the watchdog board created by Congress to oversee the TARP program, yesterday issued the equivalent of a severe weather warning… Read More
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… Read More
At The Huffington Post Nelson Davis, Executive Producer of MAKING IT! Minority Success Stories, describes his recent discovery of The Heritage Foundation’s 2010 Index of… Read More
Red tape – rules, regulations, restrictions and mandates imposed on America – rose alarmingly in 2009, mirroring the overall decline in economic freedom in the… Read More
At Econbrowser, Dr. Menzie Chinn provides a succinct summary of my critique of CEA’s “Economic Impact of the Stimulus” report when he writes, “…these implied… Read More
As we reported in today’s Morning Bell, ABC News reports that despite massive amounts of stimulus funding being spent on wind farms—nearly $2 billion—the vast… Read More
Last week, Secretary of Commerce Gary Locke delivered a speech at the National Press Club titled “Back to Basics: A Blueprint for Exports-Driven Job Growth,”… Read More
A year ago, President Obama warned the American people that the financial crisis was dire and required a whole new approach to government spending. Obama… Read More
Hundreds of thousands of recession-induced retirements are proving to be terrible news for the Social Security Administration, leading to the total decimation of its annual… Read More
Although the feckless spending of successive Labour Governments has resulted in massive decline for Britain, there is one thing that Gordon Brown got right on… Read More
Toyota’s bad press has been for its sticky pedal incident certainly isn’t surprising, but is all the negative attention warranted? When asked about the Toyota… Read More
As President Obama continues campaigning for yet another round of stimulus it appears now that even democrats are beginning to question the soundness of this… Read More
